Empire Life News

Empire Life announces dividend

(Kingston, ON – April 26, 2017) – The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) has declared a cash dividend on the Non-Cumulative Rate Reset Preferred Shares, Series 1, being $0.359375 per share to be paid on July 17, 2017 to shareholders of record June 16, 2017.

Read more...
Posted Date: April 26, 2017

Empire Life announces First Quarter 2017 results

(Kingston, ON – April 26, 2017) – The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A ) today reported first quarter common shareholders’ net income of $50.2 million for 2017, compared to $37.2 million for 2016.

Read more...

Empire Life Investments appoints Jennifer Law, Senior Portfolio Manager, Canadian Equities

Toronto, ON – April 11, 2017) – Empire Life Investments Inc. today announced the appointment of Jennifer Law, CFA, as Senior Portfolio Manager, Canadian Equities, to the Empire Life Investments team effective May 8, 2017.

Read more...
Posted Date: April 11, 2017

Empire Life introduces eContract Delivery for Fast & Full

Life insurance contracts can now be delivered electronically

(Kingston, ON – April 7, 2017) The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) announced today it is offering digital delivery of insurance contracts as part of its Fast & Full® Life Application Process. Customers can now choose to receive their contract electronically.

Read more...
Posted Date: April 7th 2017

Empire Life Investments appoints Douglas Cooper, Portfolio Manager, Canadian Equities

(Toronto, ON – April 3, 2017) – Empire Life Investments Inc. today announced the appointment of Douglas Cooper, CFA, as Portfolio Manager, Canadian Equities, to the Empire Life Investments team.  Doug will co-manage the following funds with Ian Hardacre, Chief Investment Officer:

  • Empire Life Asset Allocation GIF
  • Empire Life Canadian Equity GIF & Empire Life Canadian Equity Mutual Fund
  • Empire Life Elite Equity GIF 
Read more...

Empire Life to offer specialty drug program starting June 1, 2017

(Toronto, Ontario, March 1, 2017)  The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A.) announced today it will make its specialty drug program a standard feature in all Group drug plans it offers. The specialty drug program, part of the Empire Life Actively Managed Drug Solutions portfolio, will be included in new customers’ plans starting June 1, 2017. Current customers will join the program when their policies renew.

Read more...

Empire Life announces dividend

(Kingston, ON – April 26, 2017) – The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) has declared a cash dividend on the Non-Cumulative Rate Reset Preferred Shares, Series 1, being $0.359375 per share to be paid on July 17, 2017 to shareholders of record June 16, 2017.

Read more...

Empire Life announces record earnings for 2016

(Kingston, ON – February 24, 2017) – The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A ) today reported fourth quarter common shareholders’ net income of $52.5 million for 2016, compared to $16.2 million for 2015. Full year common shareholders’ net income was $152.7 million compared to $108.6 million in 2015.

Read more...
Posted Date: February 24, 2017

Empire Life Investments appoints Ashley Misquitta Senior Portfolio Manager, U.S. Equities

(Toronto, ON – February 13, 2017) – Empire Life Investments Inc. today announced the appointment of Ashley Misquitta, CFA, as Senior Portfolio Manager, U.S. Equities, to the Empire Life Investments team. Ashley is responsible for managing the Empire Life American Value GIF.

Read more...
Posted Date: February 13, 2017

Empire Life introduces EstateMax® 8 Pay and Optimax Wealth™ 8 Pay

New quick pay option for participating life insurance policies

(Kingston, ON – February 8, 2017) The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) announced today it is introducing EstateMax® 8 Pay and Optimax WealthTM 8 Pay—a new payment option for participating whole life insurance policies. Customers can now pay for their participating policy in as little as eight years. The company introduced the option in response to new CRA guidelines on the taxation of life insurance products which took effect on January 1, 2017.

Read more...
Posted Date: February 8, 2017

Empire Life Investments Inc. files amended 2016 semi-annual Management Report of Fund Performance

February 7, 2017 (Toronto, Ontario) – Empire Life Monthly Income Mutual Fund incorrectly reported the trading expense ratio (TER) for the period January 1, 2016 to June 30, 3016 in its 2016 semi-annual Management Report of Fund Performance (“MRFP”) as being 1.19% instead of 0.19%. The error has been corrected and an amended MRFP has been filed on SEDAR.

Read more...
Posted Date: February 7, 2017

Empire Life Investments honoured with five FundGrade™ A+ Awards for its funds

January 30, 2017 (Toronto, Ontario)— Empire Life Investments Inc. has been recognized for its superior risk-adjusted performance, winning five 2016 Fundata FundGrade A+ Awards for its funds. Fundata picks the winners using an objective score-based calculation that determines the “best of the best” for each calendar year based solely on risk-adjusted performance.

Read more...
Posted Date: January 30, 2017

Ian Hardacre appointed Chief Investment Officer of Empire Life Investments Inc.

(Kingston, ON – December 19, 2016) – Empire Life Investments Inc. today announced the appointment of Ian Hardacre, MBA, CFA, as Chief Investment Officer. Hardacre also joins the executive leadership team of The Empire Life Insurance Company (TSX: EML.PR.A), the parent company of Empire Life Investments Inc..

Read more...
Posted Date: December 19, 2016

Empire Life announces $200 million offering of 3.383% Subordinated Debentures

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

(Kingston, ON – December 9, 2016) – The Empire Life Insurance Company (“Empire Life” or “the Company”) (TSX: EML.PR.A) announced today that it intends to issue in Canada, by way of private placement, $200 million principal amount of subordinated unsecured 3.383% fixed/floating debentures due December 16, 2026 (the “Debentures”).

Read more...
Posted Date: 09/12/2016

Empire Life raises more than $237,000 for United Ways across Canada

Kingston, ON – November 24, 2016) – The annual Empire Life United Way campaign raised more than $237,000 in donations from employees, retirees and event fundraising to benefit United Ways across Canada. The company matched all employee and retiree pledges, dollar for dollar.

Read more...
Posted Date: November 24, 2016

Empire Life announces third quarter 2016 results

(Kingston, ON – October 27, 2016) – The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A ) today reported third quarter common shareholders’ net income of $38.1 million for 2016, compared to $22.2 million for 2015. Year to date common shareholders’ net income was $100.2 million compared to $92.4 million in 2015.

Read more...
Posted Date: October 27, 2016

Empire Life announces dividend

(Kingston, ON – October 27, 2016) – The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) has declared a cash dividend on the Non-Cumulative Rate Reset Preferred Shares, Series 1, being $0.359375 per share to be paid on January 17, 2017 to shareholders of record December 16, 2016.

Read more...
Posted Date: October 27, 2016

Empire Life appoints Ron Friesen as Chief Financial Officer

(Kingston, ON – September 19, 2016) – The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) is pleased to announce the appointment of Ron Friesen, CPA, CA, as Senior Vice-President and Chief Financial Officer, effective October 3, 2016.

Read more...
Posted Date: September 19, 2016

Empire Life wins two IFCA Awards

Best in Show for social media and Award of Excellence for group communication

(Kingston, ON—August 11, 2016) – Empire Life has been recognized for its outstanding achievement in marketing and communications with two awards from the Insurance & Financial Communicators Association (IFCA).

Read more...
Posted Date: August 11, 2016

Empire Life announces Second Quarter 2016 results

(Kingston, ON – July 28, 2016) – The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A) today reported second quarter common shareholders’ net income of $24.8 million for 2016, compared to $44.6 million for 2015. Year to date common shareholders’ net income was $62.1 million compared to $70.2 million in 2015.

Read more...
Posted Date: July 28, 2016

Empire Life announces dividend

(Kingston, ON – July 28, 2016) – The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) has declared a cash dividend on the Non-Cumulative Rate Reset Preferred Shares, Series 1, being $0.359375 per share to be paid on October 17, 2016 to shareholders of record September 16, 2016.

Read more...
Posted Date: July 28, 2016

Important notice regarding potential postal strike – Individual Life Insurance and Investments

In the event of a disruption in postal service, we will hold all Canada Post mail until service resumes.

Read more...
Posted Date: July 7th 2016

Empire Life launches Empire Life CI Protect

Critical illness insurance made simple, fast and easy

(Kingston, ON – July 6, 2016) – The Empire Life Insurance Company (Empire Life) has introduced Empire Life CI ProtectTM, a simple and affordable critical illness insurance product designed to help Canadians protect against key health risks that could, if unprotected, leave them financially stressed and impact their families’ financial goals.

Read more...
Posted Date: July 6, 2016

Empire Life notifies customers of data breach

June 17, 2016 (Toronto, Ontario) – The Empire Life Insurance Company (Empire Life) announced today that the company is responding to a data breach that may affect a number of its customers.

Read more...
Posted Date: June 17, 2016

Empire Life Investments Inc. hires veteran Ian Hardacre and appoints U.S. Equity Portfolio Manager

Enhanced investment leadership team is focused on Empire Life’s value-oriented philosophy.

May 9, 2016 (Toronto, Ontario) — Empire Life Investments Inc. today announced Ian Hardacre, MBA, CFA, has joined the investment management team as Senior Portfolio Manager, Canadian Equities. Hardacre will be responsible for managing the flagship Empire Life Dividend Growth GIF and the Empire Life Dividend Growth Mutual Fund.

Read more...
Posted Date: May 9, 2016

Empire Life announces dividend

(Kingston, ON – April 28, 2016) – The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) has declared a cash dividend on the Non-Cumulative Rate Reset Preferred Shares, Series 1, being $0.359375 per share to be paid on July 17, 2016 to shareholders of record June 17, 2016.

Read more...
Posted Date: April 28, 2016

Empire Life announces first quarter 2016 results

(Kingston, ON – April 28, 2016) – The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A ) today reported first quarter common shareholders’ net income of $37.2 million for 2016, compared to $25.6 million for 2015.

Read more...
Posted Date: April 28, 2016

Empire Life launches Actively Managed Drug Solutions

Better health outcomes, better cost management

KINGSTON, Ontario, April 5, 2016
The Empire Life Insurance Company (Empire Life) announced today it is introducing Actively Managed Drug Solutions for customers with pay-direct drug plans. This complimentary new service will help employers better manage drug benefit costs while helping their employees achieve better health.

Read more...
Posted Date: April 5, 2016

Empire Life announces retirement of CFO, Gary McCabe

Scott Ewert appointed interim CFO

(Kingston, ON – April 4, 2016) – The Empire Life Insurance Company (TSX: EML.PR.A) announced today the retirement of Gary McCabe, CPA, CA, Senior Vice-President and Chief Financial Officer, effective April 30, 2016. Scott Ewert, CPA, CA, Vice-President and Chief Financial Officer of E-L Financial Corporation Limited, will assume the position of interim CFO.

Read more...
Posted Date: April 4, 2016

Empire Life opens TSX

Empire Life President and CEO Mark Sylvia and Chairman of the Board Duncan Jackman opened the Toronto Stock Exchange on Tuesday, March 29, 2016 to celebrate the listing of the company’s preferred shares on the Exchange. Watch the video.

Read more...
Posted Date: March 29, 2016

Empire Life announces dividend

(Kingston, ON – March 10, 2016) – The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A) has declared the following cash dividends:

 

 Class

 Record Date

 Payable Date

 Amount of Dividend

 Non-Cumulative Rate Reset    Preferred Shares, Series 1

 April 1, 2016

 April 17, 2016

 $0.2402


Empire Life advises that this dividend is an eligible dividend for the purposes of the Income Tax Act, Canada and any similar provincial tax legislation.

Read more...
Posted Date: March 10, 2016

Empire Life Closes Over-Allotment Option on Public Offering of Preferred Shares

(Kingston, ON – March 1, 2016)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

The Empire Life Insurance Company (TSX: EML.PR.A) today announced that in connection with its recently completed Canadian public offering of 5.2 million Non-Cumulative Rate Reset Preferred Shares, Series 1 (the Series 1 Preferred Shares), the underwriters have exercised their option in full to purchase an additional 780,000 Series 1 Preferred Shares at $25 per share. The sale of the additional Series 1 Preferred Shares was completed today and increased the gross proceeds from the public offering by an additional $19.5 million, increasing the total size of the offering to $149.5 million.

Read more...
Posted Date: March 1, 2017

Empire Life announces December 31, 2015 year-end financial results

(Kingston, ON – February 25, 2016) – The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A ) today reported fourth quarter shareholders’ net income of $16.2 million for 2015, compared to $18.2 million for 2014. Full year shareholders’ net income was $108.6 million compared to $98.7 million in 2014.

Read more...
Posted Date: February 25, 2016

Empire Life Signs Agreement with MetLife

KINGSTON, Ontario, February 17, 2016   The Empire Life Insurance Company (Empire Life)  announced today it has signed an agreement with MetLife Expatriate Benefits to administer its new Voyageur Global Benefits program for expatriate medical, disability, and life insurance.

Read more...
Posted Date: February 17, 2016

Empire Life Completes Preferred Share Offering

(Kingston, ON – February 16, 2016) 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

The Empire Life Insurance Company (“Empire Life”) today announced that it has completed its Canadian public offering of 5.2 million Non-Cumulative Rate Reset Preferred Shares, Series 1 (the “Series 1 Preferred Shares”) at a price of $25 per share to raise gross proceeds of $130 million.

Read more...
Posted Date: February 16, 2016

Empire Life Announces Preferred Share Issue

(Kingston, ON – January 25, 2016)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

The Empire Life Insurance Company (“Empire Life” or “the Company”) today announced a Canadian public offering of Non-Cumulative Rate Reset Preferred Shares, Series 1 (the “Series 1 Preferred Shares”). Empire Life will issue 5.2 million Series 1 Preferred Shares priced at $25 per share to raise gross proceeds of $130 million. The offering will be underwritten on a bought deal basis by a syndicate of underwriters co-led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc. Empire Life has granted the underwriters an option to purchase up to an additional 780,000 Series 1 Preferred Shares exercisable at any time up to a period of 30 days from the date of closing.

Read more...
Posted Date: January 25, 2016

Empire Life Investments wins FundGrade A+ Awards

January 22, 2016 (Toronto, Ontario) — We’re pleased to announce Empire Life and Empire Life Investments Inc. won the 2015 Fundata FundGrade A+ Awards for three funds. Fundata picks the winners using an objective score-based calculation that determines the “best of the best” for each calendar year based solely on risk-adjusted performance.

Read more...
Posted Date: Jan 22, 2016

E-L Financial solidifies long-term interest in Empire Life

Agreement to purchase shares from Guardian Assurance

(Toronto, ON – December 11, 2015) – E-L Financial Corporation Limited (E-L Financial) (TSX:ELF) (TSX:ELF.PR.F) (TSX:ELF.PR.G) (TSX:ELF.PR.H) has agreed to purchase Guardian Assurance Limited's (Guardian) 19% share of holding company E-L Financial Services Limited (ELFS).  As a result of this agreement, E-L Financial will own 100% of ELFS, which owns 98.3% of The Empire Life Insurance Company (Empire Life).

Read more...
Posted Date: December 11, 2015

Employees and retirees raise $237,000 for United Ways across Canada

(Kingston, ON – November 27, 2015) – The annual Empire Life United Way campaign recently wrapped up with employees, retirees and the company donating an impressive $237,000 to benefit United Ways across Canada. The company matched all employee and retiree pledges, dollar for dollar.

Read more...
Posted Date: November 27 ,2015

Empire Life announces September 30, 2015 interim financial results

(Kingston, ON – November 10, 2015) – The Empire Life Insurance Company (Empire Life) today reported third quarter shareholders’ net income of $22.2 million for 2015, compared to $24.1 million for 2014. Year to date shareholders’ net income was $92.4 million compared to $80.5 million in 2014.

Read more...
Posted Date: November 10,2015

Empire Life introduces its new online life insurance application - Fast & Full® Life App. 3.1

(Kingston, ON – October 13, 2015) – The Empire Life Insurance Company (Empire Life) has introduced the Fast & Full® Life App. 3.1. Building off the existing Fast & Full Life Application, Empire Life has enhanced the process by adding the most requested features based on advisor feedback.

Read more...
Posted Date: October 13, 2015

Empire Life wins four Insurance & Financial Communicators Association (IFCA) Awards

(Kingston, ON – October 9, 2015) – Empire Life has been recognized for its outstanding achievement in marketing and communications with four awards from the Insurance & Financial Communicators Association (IFCA).

Read more...
Posted Date: October 9, 2015

Empire Life announces June 30, 2015 interim financial results

(Kingston, ON – August 7, 2015) – The Empire Life Insurance Company (Empire Life) today reported second quarter shareholders’ net income of $44.6 million for 2015, compared to $38.6 million for 2014. Year to date shareholders’ net income was $70.2 million compared to $56.4 million in 2014.

Read more...
Posted Date: August 7, 2015

Empire Life Expands Group Critical Illness Insurance: Two New Product Options That Cover 31 Conditions

KINGSTON, ONTARIO--(Marketwired - June 25, 2015) - The Empire Life Insurance Company (Empire Life) today announced it is expanding its group critical illness offering. Effective July 1, 2015, it will offer a complete portfolio of Group CI products for groups of three and up: Vital Assist CI, Traditional CI, and Enhanced CI.

Read more...
Posted Date: June 25, 2015

Empire Life signs agreement with MedExtra Inc.

KINGSTON, Ontario, June 10, 2015   The Empire Life Insurance Company (Empire Life) is delighted to announce it has signed an agreement with MedExtra Inc. to provide the Health Concierge Service to customers who add Empire Life group critical illness to their benefits plans. The agreement took effect May 1, 2015.

Read more...
Posted Date: June 17, 2015
Build Your Knowledge

Build Your Knowledge

Access tools and resources that can help you make informed decisions