as at May 30, 2022
- Financial Strength Rating: A
- Issuer Rating: A
- Subordinated Debt*: A (low)
- Limited Recourse Capital Notes: BBB (high)
- Preferred Shares: Pfd-2
All ratings have a Stable trend.
Empire Life is among the top 10 life insurance companies in Canada based on total assets as reported in December 31, 2021 OSFI filings.
* 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.