News Archive 2013

Drew Wallace, President and CEO of Empire Life Investments, discussed the growth of our segregated fund sales, as well as our GWB product and mutual funds.

November 12, 2013 – The Empire Life Insurance Company (Empire Life) has been named the Best Life Insurance Company in Canada in 2013 by World Finance magazine in its annual insurance awards competition.

Canadian banks remain attractive, but life-insurance companies appear cheaper, manager says.

Senior Portfolio Manager Lieh Wang talks about his picks and views on stock prospects in the US and Canada for the Empire Dividend Growth Fund in the Financial Post.

Virginia Wai-Ping, CFA, has been appointed Portfolio Manager for the Empire Life Small Cap Fund, available to segregated fund investors, and the Empire Life Small Cap Equity Mutual Fund, available to mutual fund investors, (collectively the “Funds”), effective April 29, 2013.

March 28, 2013 – The Empire Life Insurance Company (Empire Life) today released its 2012 year-end financial results. Empire Life achieved a record level of earnings with an overall shareholders’ net income of $80.4 million compared to $32.3 million for 2011. Results across all three business lines were positive with strong Capital and Surplus earnings.

The Minister of Finance, James M. Flaherty, presented the 2013-2014 budget on March 21, 2013. The budget focuses on jobs training, infrastructure and closing perceived tax “loopholes”.