(Toronto, ON – October 23, 2023) – The Empire Life Insurance Company (Empire Life) launched two new segregated funds available under its Guaranteed Investment Fund contract today.
The new funds are:
I’m Paul Holba, Senior Vice President and Chief Investment Officer at Empire Life Investments. As we close out the first half of 2023, we wanted to provide you with a summary of the way we see things.
Q2 2023 highlights (compared to restated Q2 2022)
(Kingston, ON –August 4, 2023) –The Board of Directors of The Empire Life Insurance Company (Empire Life) today declared the following cash dividends:
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Edward Gibson, Senior Vice President, Capital Management and Chief Actuary, Empire Life (EL), Patrick McGrath, Head of Fixed Income and Private Placements, and Paul Holba, Senior Vice President and Chief Investment Officer, Empire Life Investments Inc. (ELII) are pleased to announce the following promotions within the Empire Life investment team: Ian Fung, CFA, has been promoted to Senior Portfolio Manager, and Atul Sriram to Investment Analyst.
DBRS, Inc. (DBRS Morningstar) confirmed The Empire Life Insurance Company’s (Empire or the Company) Financial Strength Rating and Issuer Rating at “A,” as well as its Subordinated Debt rating at A (low), its Limited Recourse Capital Notes at BBB (high), and its Preferred Shares rating at Pfd-2. All trends are Stable.
On May 5, 2023, Empire Life released its digital enrolment tool to plan administrators across Canada. The new tool automates the collection of enrolment information from plan administrators and plan members in one seamless and time saving process. Our small group of customers with modular flex benefits will receive access to digital enrolment in our next release.
The new digital enrolment tool eliminates almost all of the administration work and makes enrolment simple, fast and easy every step of the way:
(Kingston, ON – May 9, 2023) – The Board of Directors of The Empire Life Insurance Company (Empire Life) today declared the following cash dividends:
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Q1 2023 highlights (compared to restated Q1 2022)
Air passenger traffic regained momentum in 2022, according to IATA, as travel restrictions were removed and passengers showed strong interest in travel. Passenger traffic grew from 42 per cent of pre-pandemic (2019) volumes in 2021 to 69 per cent in 2022.