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Financial strength

We are strongly capitalized. The strength of our capital base (MCCSR ratio) was 281.9% as of December 31, 2018. Our preferred shares trade on the Toronto Stock Exchange (TSX) under the symbol TSX: EML.PR.A.

Our corporate fact sheet provides an overview of our company and financials from the quarter

What is an MCCSR ratio?

A Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio of 100% means that a company has adequate capital to meet obligations to its policyholders. Life insurance companies in Canada must maintain an MCCSR ratio of at least 120%.

Company ownership 

Our unique ownership structure is a competitive advantage. We are a subsidiary of E-L Financial Corporation Limited. Since 1956, the Jackman family have been involved with Empire Life and have controlled E-L Financial since its incorporation in 1969.


We have

  • 445,000 individual customers

  • 7,300 group employer customers

  • 160,000 group life and health plan members

  • 820 employees across Canada; 630 employees at our corporate head office in Kingston, Ontario

  • 29,000 distribution partners--professional financial advisors, brokers, managing general agents, group producers and mutual fund dealers across Canada


  • Voted Top Life & Health Insurer in Canada in 2016—Insurance Business Awards

  • Named Best Life Insurance Company in Canada in 2014 and 2013—World Finance magazine