The first subsidiary of Desjardins Group was established in 1944 under the name of "Société d'assurance des caisses populaires" (SACP).

In the post-war environment, they merged under a common name of Desjardins Insurance.

In 2015, Desjardins Insurance acquired the Canadian operations of U.S. based insurer State Farm,[1] which made Desjardins the second largest property and casualty insurer in Canada and the largest in Ontario.

[3] At the time, approximately 50% of their volume came from what was once State Farm.

Other business derives from Desjardin's group insurance (The Personal), white label activities with Scotiabank, brokerage with Western Financial, and activities related to the exclusive agents of Quebec.