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2021-04-29
News release / Communiqué de presse

Q1 2021 highlights (compared to Q1 2020)

  • Common shareholders’ net income of $157 million compared to a net loss of $32 million
  • Earnings per share (basic and diluted) of $159.82 compared to $(32.05) 
  • Return on common shareholders’ equity1 (“ROE”) of 20.3% compared to 6.5% 

(Kingston, ON – April 29, 2021) – The Empire Life Insurance Company (“Empire Life”) today reported common shareholders’ net income of $157 million for the first quarter of 2021, compared to a net loss of $32 million in 2020. 

2021-04-29
News release / Communiqué de presse

(Kingston, ON – April 29, 2021) – The Board of Directors of The Empire Life Insurance Company (Empire Life) today declared the following cash dividends:

Class

Record Date

Payable Date

Amount of Dividend

Common Shares

May 14, 2021

June 8, 2021

2021-04-01
A pharmacist handing a prescription to a patient

New offering reduces exposure to opioids and helps prevent dependence and misuse

(Kingston, ON – April 1, 2021) The Empire Life Insurance Company ("Empire Life") (TSX: EML.PR.A) today announced it is adding the Express Scripts Canada Opioid Management Solution to its pay-direct drug benefit plans. The goal is to reduce exposure to opioids and educate group benefits plan members about the risks associated with chronic use of these powerful drugs, while helping address members' needs.

2021-03-26
News release / Communiqué de presse

(Toronto, ON – March 22, 2021) – Empire Life Investments Inc. today announced the appointment of Ian Fung, CFA, as Portfolio Manager, Fixed Income. 

Ian will be the lead portfolio manager on the Empire Life Bond GIF*, as well as the fixed income portion of the Empire Life Emblem Portfolios. Geoff Johnston, CFA, Senior Portfolio Manager, Fixed Income will continue to consult on the management of the funds, but will transition to taking on a greater role in the management of fixed income investments for our general fund which supports our annuity and insurance products. 

2021-02-24
News release / Communiqué de presse

All numbers expressed in millions of dollars, except per share amounts and as otherwise indicated.

Q4 2020 highlights (compared to Q4 2019)

  • Decrease in common shareholders’ net income to $72 compared to $76
  • Earnings per share (basic and diluted) of $73.53 compared to $77.25
  • Return on common shareholders’ equity1 (“ROE”) of 17.8% compared to 18.7%

2020 full year highlights (compared to full year 2019)