Empire Life to provide Life and Disability insurance
KINGSTON, Ontario, December 14, 2017 - Benefits by Design (BBD) and The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A) are pleased to announce a new relationship in which Empire Life will become the primary provider of Life and Disability insurance for BBD’s block. The agreement took effect December 1, 2017.
Life and disability insurance provide a solid foundation for group benefits plans—a financial safety net to help protect employees and their loved ones when the unexpected happens.
Kingston, ON – November 23, 2017 – The annual Empire Life United Way campaign surpassed its goal, raising more than $242,500 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.
(Kingston, ON – November 1, 2017)
The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A) and E-L Financial Corporation Limited (“E-L Financial”) (TSX: ELF) today announced that Empire Life has issued $100 million of Non-Cumulative Rate Reset Preferred Shares, Series 3 (the “Series 3 Preferred Shares”) to its parent, E-L Financial on a private placement basis. Empire Life issued to E-L Financial 4,000,000 Series 3 Preferred Shares at an issue price of $25 per share to raise gross proceeds of $100 million.
Q3 2017 highlights (compared to Q3 2016)
- 2.6% increase in common shareholders’ net income to $39.1 compared to $38.1
- Earnings per share (basic and diluted) of $39.67 compared to $38.67
- Return on common shareholders’ equity (ROE) of 11.6% compared to 12.8%
Q3 2017 year to date highlights (compared to YTD 2016)
(Kingston, ON – October 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 January 17, 2018 to shareholders of record on December 18, 2017. 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.