The Co-operators Life Insurance Company is one of the top ten life insurance organizations in Canada. Based in Regina, it employs 750 people, manages $3 billion in assets, and offers a wide portfolio of life and health insurance as well as retirement savings products. Co-operators Life Insurance Company is the second largest subsidiary of the Canadian-owned Co-operators Group Ltd. Consisting of twenty-eight member co-operatives, the Co-operators Group of companies specializes in insurance and financial security products, property development and management, and investment counseling. The Co-operators Group has a combined membership of 4.5 million, assets of over $5 billion, and a workforce of 4,000. The idea of a co-operative insurance company was inspired by the Great Depression of the 1930s and Canada's co-operative movement. In 1945, a group of Saskatchewan wheat farmers pooled their resources to form the first insurance co-operative in Canada, which flourished through the years to become the Co-operators Group, the largest Canadian-owned multi-product insurer in the country. Co-operators Life Insurance Company consistently ranks among Saskatchewan's top companies and has been named by MediaCorp as one of Canada's top 100 employers for three consecutive years. Co-operators Life Insurance Company has also received numerous awards for its outstanding support of community programs such as the United Way, the Food Bank, and the Hospitals of Regina Foundation.