E-L Financial Corporation
E-L Financial Corporation Limited is a Canadian investment and insurance holding company based in Toronto. Established in 1968, the company operates through two primary segments: E-L Corporate and Empire Life. E-L Corporate is responsible for managing a diverse portfolio of investments in equities and fixed income securities, which are held through various vehicles including common shares, investment funds, and closed-end investment companies. Empire Life focuses on underwriting life and health insurance policies, as well as offering a range of wealth management products, including segregated funds, mutual funds, annuities, and employee benefit plans. The company serves individuals, professionals, and businesses through a network of independent financial advisors and brokers, providing tailored financial services to meet their needs.
Empire Life Insurance
Acquisition in 1987
Empire Life, established in 1923 and a subsidiary of E-L Financial Corporation Limited, operates in the Canadian insurance and financial services sector. The company provides a range of products, including life and health insurance policies, segregated funds, mutual funds, and annuities for both individuals and groups. Its operations are divided into several segments: Wealth Management, which includes a variety of investment products; Employee Benefits, offering group plans for medical, dental, disability, and life insurance; and Individual Insurance, which encompasses both non-participating and participating life and health insurance options. Empire Life's mission is to simplify access to investment, insurance, and group benefits, enabling Canadians to build wealth, generate income, and achieve financial security.
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