FACT SHEET for the Twelve Months ended December FINANCIAL by kbrillhart

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									                                                                                                                 FACT SHEET
                                                                                                          for the Twelve Months ended
                                                                                                                   December 31, 2008


                                                                       Who We Are
                 FINANCIAL HIGHLIGHTS
                                                                       Western Financial Group is a leader in providing insurance, financial and
                                                                       banking services to more than 500,000 individuals and businesses in over
                            Total Revenues                             100 communities across Western Canada through its Agency Network
                                                                       locations, affiliated insurance brokers, Western Life Assurance Company
                 140                                           124.9
                                                       114.1           and Bank West.
                 120
                 100
                                              82.6                     AGENCY NETWORK
$ millions




                 80                 66.6                               • Employee count: 805
                 60
                            43.7
                                                                       • Branch locations: 112 (including 21 affiliates)
                 40                                                    • Average # of our products held by each of our customers = 2.31
                 20                                                    • Same store revenue increase in 2008 = 8.9%
                  0          04         05        06    07      08     Our Agency Network is the largest property and casualty insurance
                                                                       brokerage in Western Canada providing auto, home, farm and business
                                                                       insurance across British Columbia, Alberta, Saskatchewan, and Manitoba.
                             Net Income                                In most locations we also offer life insurance, travel insurance, financial
                                                                       services and banking products.
                 14
                                                       12.21
                 12                                                    BANK WEST
                 10                                                    • Employee count: 57 (including Jan 2009 acquisition of AgriFinancial)
    $ millions




                                              7.99
                  8                                                    • Location count: 2 (including Jan 2009 acquisition of AgriFinancial)
                                                               6.55
                  6                                                    • Provisions from credit losses = 37 bps YE’08
                            3.4     4.85
                  4                                                    • Non-performing loans = 1.2% YE’08
                  2
                                                                       Bank West became a schedule 1 chartered bank in November 2002. Today
                  0         04      05         06       07      08     we offer our products, including GICs, personal mortgages and loans,
                                                                       agricultural financing, and commercial mortgages and leasing, through our
                                                                       Agency Network and other independent loan and deposit brokers.
                      Earnings per Share
                                                                       WESTERN LIFE
       0.30                                                            • Employee count: 37
                                                       0.24            • Location count: 2
       0.25
                       0.18                  0.22                      • Growth in certificate count = 11.5%
       0.20                        0.17                                • Loss ratio = 40.6% YE‘08
$ 0.15
                                                                       Western Life was acquired by Western Financial Group in 2004. Our
       0.10
                                                               0.05    products, which include a full suite of Individual life, disability, critical
       0.05                                                            illness, group health for small employer groups, accident & sickness, and
       0.00                                                            creditor insurance, are sold through our Agency Network locations and
                       04          05        06        07      08      various other distribution partners.

                       Return on Equity
       10                                                              Revenue by Business Units                   Bank West
                      8.3                              8.1                                                        $18.6 million
                                  8.1        7.9
             8
                                                                                                                     15%
             6
%                                                                              WFG Agency                                   Western Life
             4                                                                                                             $32.9 million*
                                                                                 Network
                                                               1.8                                                             26%
             2                                                                 $75.4 million
             0                                                                    59%
                                                                                                                         *before impairments
                       04         05         06        07      08
      2009 Performance Targets                                                                                                                       SHARE INFORMATION
                                                                                                                                                      (at December 31, 2008)
      • 5-8% same store sales increase at the Network
      • Network Operating Margin improvement to 29%                                                                                         Trading symbols:
      • Specific Provisions at Bank West 50 bps or less                                                                                             Common                  WES
      • Western Life loss ratio to be less than 45%                                                                                                 Preferred series 3      WES.PR.A
      • Overall net income at Western Financial Group $14.5-16.5 million                                                                            Preferred series 4      WES.PR.B
Certain information included or incorporated by reference herein is forward-looking. Forward-looking information includes, without
limitation, statements regarding the future financial position, business strategy, budgets, litigation, projected costs, capital expendi-
                                                                                                                                            Common shares outstanding       49,333,127
tures, financial results, taxes and plans and objectives of or involving us or our subsidiaries. Many of these statements can be            Market capitalization           $89 million
identified by looking for words such as "believe", "expects", "expected", "will", "intends", "projects", "anticipates", "estimates",
"continues" or similar words. Forward looking information in this Fact Sheet includes, but is not limited to, capital expenditures,
business strategy and objectives, acquisition and growth strategy, industry trends including expected continued consolidation, P&C
insurance industry premium growth rates, contingent commission rates, expansion plans and future revenues. We believe the
expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will
prove to be correct and such forward-looking information should not be unduly relied upon. Forward-looking information is not a                   EXECUTIVE MANAGEMENT
guarantee of future performance and involves a number of risks and uncertainties. Such forward-looking information necessarily
involves known and unknown risks and uncertainties, which may cause our actual performance and financial results in future peri-
ods to differ materially from any projections of future performance or results expressed or implied by such forward-looking informa-                       Scott Tannas
tion. Any forward-looking information is provided as of the date hereof and we do not undertake any obligation to publicly update or
revise such statements to reflect new information, subsequent or otherwise.                                                                      President & Chief Executive Officer

                                                                                                                                                         Catherine Rogers
                                                                                                                                                  Executive Vice President & CFO
     Common Share Price History
                                                                                                                                                           Tom Dutton
      $7.00                                                                                                                                           Executive Vice President

      $6.00                                                                                                                                                 Lana Wood
                                                                                                                                               President & CEO, WFG Agency Network
      $5.00
                                                                                                                                                           Bruce Ratzlaff
      $4.00                                                                                                                                         President & CEO, Bank West
      $3.00
                                                                                                                                                        Dominique Gregoire
      $2.00                                                                                                                                   President & CEO, Western Life Assurance

      $1.00
                                                                                                                                                    CONTACT INFORMATION
      $0.00
            Dec-03               Dec-04               Dec-05               Dec-06               Dec-07               Dec-08                         Western Financial Group
             $3.00                $2.55                $2.62               $4.05                $5.26                $1.81                            1010 - 24 Street SE
                                                                                                                                                    High River, AB T1V 2A7
                                                                                                                                                       Ph: 403-652-2663
                                                                                                                                                       Fx: 403-652-2661
    Common Share Dividend History                                                                                                                 www.westernfinancialgroup.net

                                                                                                0.0107           0.0107                                   Investor Relations
    1.080%                                                                                                                                                    Jodi Greig
                                                                                                                                               Email: info@westernfinancialgroup.net
    1.060%
                                                                                                                                                         Ph: 403-652-2663
    1.040%
                                                                                                                                                        Transfer Agent
    1.020%                                                                                                                                   Computershare Trust Company of Canada
                      0.010          0.010          0.010           0.010         0.010
    1.000%                                                                                                                                          600, 530 - 8 Avenue SW
                                                                                                                                                     Calgary, AB T2P 3S8
    0.980%                                                                                                                                            Ph: 403-267-6800
    0.960%
                     Jun 07          Sep 07        Jan 08         Mar 08          Jun 08         Sep 08         Dec 08

								
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