A.M. Best Company
A (Excellent) as at June 1, 2017
This rating is given to companies that have, in the opinion of A.M. Best, an excellent ability to meet their ongoing obligations to policyholders.
bbb+ as at June 1, 2017
This rating is assigned to the CAD 300 million 2.87% subordinated unsecured fixed/floating debentures due May 31, 2023 and CAD 200 million subordinated debentures with an initial rate of 3.383% due December 16, 2026. The outlook assigned to the rating is stable, which is consistent with the outlook for the existing ratings of Empire Life.
For more information about these ratings, read the full A.M. Best press release.
DBRS (Dominion Bond Rating Service)
as at May 24, 2017
- Financial Strength Rating: A
- Issuer Rating: A
- Subordinated Debt Rating: A (low)
- Preferred Shares: Pfd-2
All ratings have a Stable trend.
Empire Life is among the top 10 life insurance companies in Canada based on general fund and segregated fund assets in Canada as at December 31, 2016 as reported in regulatory filings.