OverviewSuggest Edit

The Empire Life Insurance Company is an insurance and investment company helping clients to get the investment, insurance and group benefits coverage they need to build wealth. It offers individual and group life and health insurance, investment and retirement products, including mutual funds through its wholly-owned subsidiary Empire Life Investments.

TypePublic
Founded1923
HQKingston, CA
Websiteempire.ca
Employee Ratings3.6

Locations

Empire Life is headquartered in
Kingston, Canada

Location Map

Latest Updates

Employees (est.) (Jun 2020)978
Job Openings11
Revenue (FY, 2018)C$1.1 B(-32%)
Share Price (Oct 2020)C$25.3
Cybersecurity ratingCMore

Key People/Management at Empire Life

Mark Sylvia

Mark Sylvia

Director, President and Chief Executive Officer
Ian Hardacre

Ian Hardacre

Senior Vice-President and Chief Investment Officer, Empire Life Chief Investment Officer, Empire Life Investments, SVP, Chief Investment Officer
Kathy Thompson

Kathy Thompson

Senior Vice-President and Chief Risk Officer
Edward Gibson

Edward Gibson

CFO, SVP, Chief Actuary
Richard Carty

Richard Carty

Director, President and Chief Executive Officer, Chief HR Officer, General Counsel, SVP
Steve Pong

Steve Pong

Senior Vice-President, Retail
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Empire Life Office Locations

Empire Life has offices in Kingston, Burlington, Calgary, Montreal and in 2 other locations
Kingston, CA (HQ)
259 King St E
Burlington, CA
5500 N Service Rd
Calgary, CA
1167 Kensington Crescent NW #310
Montreal, CA
600 Maisonneuve Blvd W #1600A
Richmond, CA
5811 Cooney Rd N302
Toronto, CA
36 York Mills Rd #200, North York
Show all (6)

Empire Life Financials and Metrics

Empire Life Revenue

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Empire Life's revenue was reported to be C$1.14 b in FY, 2018 which is a 32% decrease from the previous period.
CAD

Revenue (Q1, 2019)

768.0m

Gross profit (Q1, 2019)

86.1m

Gross profit margin (Q1, 2019), %

11.2%

Net income (Q1, 2019)

43.3m

Market capitalization (23-Oct-2020)

24.9m

Closing stock price (23-Oct-2020)

25.3

Cash (31-Mar-2019)

203.9m

EV

219.9m
Empire Life's current market capitalization is C$24.9 m.
Annual
CADFY, 2016FY, 2017FY, 2018

Revenue

1.4b1.7b1.1b

Revenue growth, %

19%(32%)

Cost of goods sold

1.0b1.3b1.0b

Gross profit

384.7m423.6m114.6m
Quarterly
CADQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

409.8m503.5m134.5m263.8m387.8m197.4m768.0m

Cost of goods sold

296.6m414.2m35.4m162.1m261.9m97.6m681.9m

Gross profit

113.2m89.3m99.1m101.7m125.8m99.8m86.1m

Gross profit Margin, %

28%18%74%39%32%51%11%
Annual
CADFY, 2016FY, 2017FY, 2018

Cash

368.9m294.2m204.9m

Accounts Receivable

33.7m12.4m14.3m

Prepaid Expenses

5.9m6.4m5.9m

PP&E

27.7m26.5m24.6m
Quarterly
CADQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

356.7m314.3m366.9m239.9m240.8m164.2m203.9m

PP&E

27.6m28.6m28.1m25.7m24.9m24.5m28.6m

Total Assets

16.2b16.5b16.6b17.1b17.1b17.0b17.4b

Total Debt

498.7m498.9m698.3m15.4b398.6m398.7m398.8m
Annual
CADFY, 2016FY, 2017FY, 2018

Net Income

157.2m175.9m147.9m

Depreciation and Amortization

5.1m8.0m9.5m

Cash From Operating Activities

292.3m297.4m346.4m

Purchases of PP&E

(14.0m)(10.8m)(7.0m)
Quarterly
CADQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

50.9m82.7m122.1m40.6m98.1m137.0m43.3m

Depreciation and Amortization

1.7m3.8m5.4m2.1m4.1m7.2m2.3m

Cash From Operating Activities

79.5m131.8m241.2m66.9m140.4m253.2m95.7m

Purchases of PP&E

(3.6m)(6.7m)(8.8m)(1.2m)(2.4m)(4.6m)(7.0m)
CADFY, 2016

Debt/Equity

0.3 x

Financial Leverage

10.9 x
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Empire Life Operating Metrics

Empire Life's Customers was reported to be 419 k in Jun, 2019. Empire Life's Enterprise Customers was reported to be 9.7 k in Jun, 2019.
Jun, 2019

Customers

419 k

Enterprise Customers

9.70 k

Group Life and Health Plan Members

240 k

Group Retirement Plans

900
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Empire Life Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

Empire Life Online and Social Media Presence

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Empire Life News and Updates

Johnston Group and Empire Life collaborate to offer a new fully insured employee benefits program for medium-sized businesses

WINNIPEG, Manitoba, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Johnston Group Inc. and The Empire Life Insurance Company (“Empire Life”) (TSX: EML.PR.A) are pleased to announce a new fully insured benefit program for the mid-market, under Johnston Group’s Maximum Benefit offering, designed for businesses …

Empire Life Blogs

Empire Life Frequently Asked Questions

  • When was Empire Life founded?

    Empire Life was founded in 1923.

  • Who are Empire Life key executives?

    Empire Life's key executives are Mark Sylvia, Ian Hardacre and Kathy Thompson.

  • How many employees does Empire Life have?

    Empire Life has 978 employees.

  • What is Empire Life revenue?

    Latest Empire Life annual revenue is C$1.1 b.

  • What is Empire Life revenue per employee?

    Latest Empire Life revenue per employee is C$1.2 m.

  • Who are Empire Life competitors?

    Competitors of Empire Life include The Great-West Life Assurance Company, Admiral Group and Canada Life.

  • Where is Empire Life headquarters?

    Empire Life headquarters is located at 259 King St E, Kingston.

  • Where are Empire Life offices?

    Empire Life has offices in Kingston, Burlington, Calgary, Montreal and in 2 other locations.

  • How many offices does Empire Life have?

    Empire Life has 6 offices.