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Scheduled maintenance on Empire Life websites September 15-16

We are performing scheduled maintenance on our network and websites on the weekend of September 15-16.

During the maintenance window, our Group plan member, administrator, and advisor websites will not be available.  Our customer portal, and Fast and Full life application will be unavailable. Our Fast and Full investment application will be available, however our Class Plus 3.0 illustrator will not. There will also be limited functionality on some of other sites and our contact centres will not be available.

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Empire Life reports second quarter 2018 results

All numbers expressed in millions of dollars, except per share amounts and as otherwise indicated. 

Q2 2018 highlights (compared to Q2 2017)

  • 71% increase in common shareholders’ net income of $57.3 compared to $33.4
  • Earnings per share (basic and diluted) of $58.14 compared to $33.91
  • Return on common shareholders’ equity1 (“ROE”) of 15.6% compared to 10.1%

Q2 2018 year to date highlights (compared to YTD 2017)

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Changes to Grandfathering rules for two life groups. New Non-Evidence and Overall Maximums for Life and Disability

We’ve just announced new Grandfathering rules. We will now grandfather groups with as few as two lives. We’ve also increased our Non-Evidence Maximums (NEM) for Life, Long-Term Disability (LTD), and Weekly Indemnity (WI) products, as well as Grandfathering and Overall Maximums for LTD. 

These changes will provide greater financial protection for our customers’ plans and make it easier for business owners with as few as two employees to make the switch to Empire Life. With these increases, our NEM’s are now one of the highest in the industry. 

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Empire Life launches seven new global funds, preferred pricing program and fee for service option

May 28, 2018 (Toronto, Ontario) – The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A) is introducing seven new global funds, a fee for service option and a preferred pricing program to provide clients with more global and lower cost investment options within their Guaranteed Investment Fund (GIF) product line of segregated funds.                                                                                                                                                                                           


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