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935 results found.
902
(kingston, on – january 29, 2024) – advisors and their customers are more focused on cost containment in their group benefits plans this year compared to 2023. this was a key finding of an industry trends panel discussion hosted by the empire life…, stephen frank, president and ceo, canadian life and health insurance association; mark sylvia, president and ceo, empire life; susan black president and ceo, the conference board of canada , focus on cost containment increases, in a live poll of more than 600 advisors, 56% ranked balancing costs and enhancements to their benefits plans as the top priority—an increase of 10% over last year. 36% ranked cost containment as the top priority—a 17% increase compared to january…, mental health and general employee well-being remain a priority, frank noted that employers have stepped up efforts to provide mental health supports to their employees, paying out $650 million in 2022—more than double the amount at the start of covid-19. black confirmed this, citing conference board research…, uncertainty about the impact of government programs on group insurance, another theme for 2024 is uncertainty around government programs— including pharmacare legislation, the next phase of the dental care program, drug reform via the patented medicine prices review board and new canadian drug agency, as well as a rare…, life and health insurance industry fast facts (, canadian life and health insurance facts 2023 edition, ), provided coverage for over 29 million canadians, or 74% paid out $114 billion in claims: $2 billion a week, an increase of 10% over 2019 paid $650 million for mental health supports, up 10% from 2021 and nearly double the amount paid in 2019. this…
Last Updated2024-01-30
903
the 2024 empire life group benefits industry outlook panel for advisors takes place january 16, 2024. in this edition, conference board of canada president and ceo, susan black, will join returning panelists mark sylvia, president and ceo of empire…
Last Updated2024-01-29
905
the focus on fair treatment of customer continues to be a top priority for the insurance industry. treating customers fairly means conducting business ethically and ensuring a culture that places the interest of the consumer at the center of all…
Last Updated2024-01-24
906
hello, i'm paul holba, senior vice-president and chief investment officer at empire life investments inc. i want to wish you a very happy and healthy new year and take this opportunity to give you an overview of several key macro market themes we…, first, moderating inflation and the prospect of rate cuts, to tackle inflation, the u.s. federal reserve and bank of canada continued applying the brakes on the economy through interest rate hikes in 2023. although headline inflation has been easing, core inflation, which excludes volatile items such as…, next, navigating politics & geopolitical tensions, politics will play a big role in 2024. we will continue to monitor several geopolitical events this year, particularly between the us and china. there are still many ongoing tensions between them that have yet to be resolved. this includes trade…, finally, unpacking big tech and artificial intelligence, big tech mostly drove the s&p 500’s performance in 2023. dubbed the ‘magnificent seven’ - apple alphabet, meta, microsoft, nvidia, amazon, and tesla – they collectively contributed about 2/3 of the s&p 500’s return in 2023. big tech’s growth…, any amount that is allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value, . past performance is no guarantee of future performance."
Last Updated2024-01-25
907
due to amendments to the federal telecommunications act, the canadian radio-television and telecommunications commission (crtc) has introduced new and revised telecommunications rules and the national do not call list (ndncl). presentation national…
Last Updated2024-01-24
908
q4 2023 highlights (compared to restated q4 2022), common shareholders’ net income of $111 million (compared to restated net income of $5 million) earnings per share (basic and diluted) of $112.15 (compared to restated $5.32), 2023 highlights (compared to restated 2022), common shareholders' net income of $156 million (compared to restated net income of $55 million) earnings per share (basic and diluted) of $158.70 (compared to restated $55.72) (kingston, on – february 28, 2024) – the empire life insurance company (…, financial highlights, , fourth quarter, year, (in millions of dollars except per share amounts), 2023, 2022 restated, 2023, 2022 restated common shareholders' net income (loss), $ 111, $5, $ 156, $55 earnings per share - basic and diluted, $ 112.15, $5.32, $ 158.70, $55.72 , dec 31, sep 30 jun 30 mar 31 dec 31 other financial highlights, 2023, 2023 2023 2023 2022 return on common shareholders' equity (1), 10.5 %, 3.9% 6.6% 4.4% 4.0% licat total ratio (2), 155 %, 152% 151% 152% 138% (1) see non-ifrs measures section. (2) amounts prior to 2023 have not been adjusted for the impacts from the adoption of ifrs 17 and ifrs 9. for additional details on the 2022 amounts, please refer to note 2.4 new and amended…, for the three months ended, for the year ended, (in millions of dollars), dec 31, 2023, dec 31, 2022 restated, dec 31, 2023, dec 31, 2022 restated , insurance service result, insurance revenue, $ 335, $323, $ 1,326, $1,255 insurance service expenses, (265), (247), (1,072), (1,018) insurance service result, 70, 76, 254, 237 net recovery (expense) from reinsurance contracts held, (22), (18), (73), (44), net insurance service result, 48, 58, 181, 193 , investment and insurance finance result, , investment income (loss), excluding segregated funds, investment income, 963, —, 817, (1,664) change in investment contracts, (19), (4), (28), 10, net investment result, excluding segregated funds, 944, (4), 789, (1,654), insurance finance income (expense), excluding segregated fund account balances, insurance contracts, (752), (49), (613), 1,485 reinsurance contracts held, (50), 9, (40), 83, net insurance finance income (expense), excluding segregated funds, (802), (40), (653), 1,568, segregated funds net investment and insurance finance result, investment income (loss) on investments for segregated fund account balances, 539, 518, 736, (354) insurance finance income (expenses) segregated fund account balances, (539), (518), (736), 354, segregated funds net investment and insurance finance result, —, —, —, —, net investment and insurance finance result, 142, (44), 136, (86) , other income and expenses, fee and other income, 9, 8, 31, 24 non-insurance expenses, (28), (19), (95), (62) interest expenses, 2, 3, (17), (12), total other income and expenses, (17), (8), (81), (50) , net income (loss) before taxes, 173, 6, 236, 57 income taxes, (35), 7, (46), 2, net income (loss) after taxes, 138, 13, 190, 59 less: net income (loss) attributable to the participating account, 20, 1, 22, (6), shareholders' net income (loss), 118, 12, 168, 65 less: preferred share dividends declared and distributions on other equity instruments, (7), (7), (12), (10), common shareholders' net income (loss), $ 111, $5, $ 156, $55 empire life reported fourth quarter common shareholders’ net income of $111 million for 2023, compared to net income of $5 million for the fourth quarter of 2022. the increase in fourth quarter compared to the prior year was primarily due to…, non-ifrs measures, empire life uses non-ifrs measures including return on common shareholders’ equity, assets under management, annualized premium sales, gross and net sales for segregated funds and fixed annuities to provide investors with supplemental measures of…, additional information, all amounts are in canadian dollars and are based on the consolidated financial results of empire life for the year ended december 31, 2023. additional information about empire life can be found in empire life’s latest management’s discussion &…, about empire life, established in 1923 and a subsidiary of e-l financial corporation limited, empire life provides individual and group life and health insurance, investment and retirement products. the company’s mission is to make it simple, fast and easy for…
Last Updated2024-02-28
909
(kingston, on – february 28, 2024) – the board of directors of the empire life insurance company (empire life) today declared the following cash dividends: , class, record date, payable date, amount of dividend per share, common shares march 14, 2024 april 9, 2024 $ 20.31 non-cumulative rate reset preferred shares, series 3 march 18, 2024 april 17, 2024 $ 0.3866875 empire life advises that the above referenced dividends are eligible dividends for the purposes of the…, about empire life , established in 1923, empire life is a subsidiary of e-l financial corporation limited. the company’s mission is to make it simple, fast and easy for canadians to get the investment, insurance and group benefits coverage they need to build wealth,…
Last Updated2024-02-28
910
empire life non-participating permanent life insurance is available in two products, solution 100 and term to 100. with non-participating permanent life insurance, the premiums and death benefit remain level for the life of the contract, providing…, plan highlights, fully guaranteed rates paid-up coverage at age 100 guaranteed cash surrender values start in year 10 (solution 100 only) guaranteed reduced paid-up values start in year 10 (solution 100 only) clients can add critical illness (ci protect) or other…, non-participating permanent life insurance marketing materials, term to 100 and solution 100 non-participating permanent life insurance overview non-participating permanent life insurance advisor guide non-participating permanent life insurance client guide solution 100 case study term to 100 case study a…, sample contracts - solution 100, sample contract - solution 100 sample contract - solution 100 - joint first to die sample contract - solution 100 - joint second death, sample contracts - term to 100 , sample contract - term to 100 sample contract - term to 100 - joint first to die sample contract - term to 100 - joint second death
Last Updated2024-02-29