DBRS, Inc. (DBRS Morningstar) confirmed The Empire Life Insurance Company’s 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.
Empire Life Dividend Growth Mutual Fund and certain series of all Empire Life mutual funds were closed to new purchases as of October 3, 2022. These funds were subsequently terminated on December 5, 2022. See the press release for further details.