2015 News Archive

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).

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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.

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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.

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Posted Date: November 10,2015

Empire Life discusses GWB implications around new RRIF rules

Posted Date: October 9, 2015

Off the Cuff with Nessim Mansoor and Amber Sinha

Watch Nessim Mansoor, CA, CFA and Amber Sinha, MBA, CFA discuss their views on key forces driving the market.

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Posted Date: October 8, 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).

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Posted Date: October 9, 2015

Off the Cuff with Lieh Wang

On September 30th, Lieh Wang provided insights on the highly volatile Q3 environment and highlighted what opportunity existed.

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Posted Date: October 2, 2015

Virginia Wai-Ping - Off the Cuff

Virginia Wai-Ping, CFA, says the Small Cap Universe is made up of "has beens and wannabes." For that and more of her insight, watch the video.

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Posted Date: October 1, 2015

Gaelen Morphet - Off the Cuff

Gaelen Morphet's "Off the Cuff" reaction to The Fed Announcement. Watch the video.

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Posted Date: October 1, 2015

Amber Sinha - Off the Cuff

Amber Sinha launches the first of our “Off the Cuff” video commentaries with his thoughts on Japan.

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Posted Date: October 1, 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.

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Posted Date: August 7, 2015

Empire Life Files Long Form Non-Offering Prospectus

(Kingston, ON – June 25, 2015) – The Empire Life Insurance Company (Empire Life) (“the Company”) announced today that it has filed a preliminary long form non-offering prospectus and other related filings with the securities regulatory authority in the province of Ontario. The purpose of filing the non-offering prospectus is to qualify the Company to raise regulatory capital in the form of preferred shares and subordinated debt, as well as other debt securities.

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Posted Date: June 25, 2015

Empire Life launches Simplified 10 and Simplified 20 term life insurance for online sales

(Kingston, ON – June 22, 2015) – The Empire Life Insurance Company (Empire Life) has introduced new Simplified 10 and Simplified 20 term life insurance products designed specifically for online sales directly to Canadians through empirelife.ca, which can be accessed directly or through participating advisor websites.

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Posted Date: June 22, 2015

Empire Life signs agreement with MedExtra Inc.

Health Concierge Service to complement Empire Life group critical illness insurance: help accelerate diagnosis, arrive at best treatment, support employees

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Posted Date: June 17, 2015

Empire Life launches CITS e-Application Notification Feeds

(Kingston, ON – May 26, 2015) – The Empire Life Insurance Company (Empire Life) has launched e-Application data feeds for life insurance applications placed through the Fast & FullTM Life Application Process. This will make settling Fast & Full business even faster for Managing General Agents (MGAs) using data management system providers enabled to receive these feeds.

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Posted Date: May 26, 2015

Empire Life new Guaranteed Investment Funds' 75-75 option in the Globe and Mail

Posted Date: May 15, 2015

"Securities selection key to success" - Investment Executive

Chief Investment Officer, Gaelen Morphet, CFA is included in Investment Executive's article entitled "Securities selection key to success".

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Posted Date: May 6, 2015

Empire Life releases 2014 year-end financial results

(Kingston, ON – March 17 2015) – The Empire Life Insurance Company (Empire Life) today released its 2014 year-end financial results. Empire Life achieved strong earnings with an overall shareholders’ net income of $98.7 million compared to $113.3 million in 2013. Results in the Individual Insurance business line were down significantly from 2013, but this was partially offset by strong growth in Wealth Management net income.

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Posted Date: March 17, 2015

Empire Life Investments wins FundGrade A+ Awards

January 26, 2015 (Toronto, Ontario)—Empire Life Investments Inc.1 today announced that their Empire Life Emblem Conservative Portfolio2 and Elite Balanced Fund3 were 2014 FundGrade A+ Award winners. The awards ceremony was held January 21st at the Art Gallery of Ontario. Fundata picks their winners based on an objective score-based calculation that determines the “best of the best” for each calendar year.

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Posted Date: January 27, 2015

Empire Life launches EstateMax, a new permanent participating life insurance plan

Kingston, ON – January 22, 2015 – The Empire Life Insurance Company (Empire Life) has introduced EstateMaxTM, a new permanent participating life insurance plan designed to meet a variety of estate planning needs by providing affordable lifetime insurance protection combined with long-term cash values.

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Posted Date: January 22, 2015