We have:
595,000 individual customers
6,300 group employer customers
150,600 group life and health plan members
1,250 employees across Canada
36,000 distribution partners--professional financial advisors, brokers, managing general agents, group producers and mutual fund dealers across Canada
We are one of the top 10 insurance companies in Canada based on total assets as reported in December 31, 2023 OSFI filings
Voted Top Life & Health Insurer in Canada in 2019, 2018, and 2016 by the Insurance Business Awards
Ranked among Canada’s Top Employers by Forbes in 2020 and 2019
Winner of 2022 FundGrade A+ Awards
Our unique ownership structure is a competitive advantage. We are a subsidiary of E-L Financial Corporation Limited. Since 1956, the Jackman family has been involved with Empire Life, and has controlled E-L Financial since its incorporation in 1969.
We are strongly capitalized. The strength of our capital base (LICAT) was 155% as of December 31, 2023, well above the requirements set by the Office of the Superintendent of Financial Institutions Canada (OSFI) and Empire Life’s minimum internal targets.
The Life Insurance Capital Adequacy Test (LICAT) measures a company’s ability to meet obligations to its policyholders. OSFI requires life insurance companies to maintain a LICAT ratio of at least 90% and expects their internal targets to be at least 100%.
