Empire Life Facts and Financials

Our customers

We serve more than:

  • 428,000 individual customers 
  • 7,500 group employer customers, with 160,000 group life and health plan members
  • 795 group retirement plans

Our people

We have more than:

  • 840 employees across Canada
  • 560 employees at our corporate head office in Kingston, Ontario
  • 28,500 partnerships with professional financial advisors, brokers, managing general agents, group producers and mutual fund dealers

Our financials

Here are our financials as of December 31, 2013:

Total assets including general and segregated funds: $12 billion
Net premium revenues from external customers: $822 million
Total investment income: $240 million
Total revenue: $906 million
Policy dividends: $22 million
Net benefits and claims: $560 million

Strength of our capital base (MCCSR)

267% as at December 31, 2013

What is an MCCSR ratio?

A Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio of 100% means that a company has adequate capital to meet obligations to its policyholders. The Office of the Superintendent of Financial Institutions (OSFI) requires life insurance companies to maintain an MCCSR ratio of at least 120% and expects them to have a target ratio of at least 150%.


We are a member of Assuris, the organization that protects Canadian insurance policyholders from loss of benefits due to the financial failure or insolvency of a member company.

You can find out more by reading the Assuris brochure.


Financial Update

Our quarterly Financial Update gives you a financial snapshot and current overview of Empire Life.

Interim Financial Statements

Here are our most recent interim financial statements.

Annual Report

Read our 2013 Annual Report for more detailed financial information about Empire Life.