(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.
(TORONTO, ON – October 23, 2017) - The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) is pleased to announce the launch of Class Plus 3.0 offering guaranteed retirement income for life.