Common shareholders' net income of $6 million (compared to net income of $70 million)
Earnings per share (basic and diluted) of $6.05 (compared to $71.11)
KINGSTON, ON, May 5, 2026 /CNW/ - The Empire Life Insurance Company (Empire Life) reported Common shareholders' net income of $6 million in the first quarter of 2026, a decrease of $64 million compared to the first quarter of 2025. The year-over-year decline was primarily driven by less favourable market-related impacts in the current quarter relative to the same period in the prior year.
"Despite market volatility and global upheaval, our disciplined strategy has successfully mitigated these external pressures producing healthy returns for our shareholders including an additional dividend," says Mark Sylvia, President and CEO. " Furthermore, our Life Insurance Capital Adequacy Test (LICAT) ratio remains robust, underscoring our strong capital position."
Financial highlights
First Quarter
(in millions of dollars except per share amounts)
2026
2025
Common shareholders' net income (loss)
$
6
$
70
Earnings per share - basic and diluted
$
6.05
$
71.11
Mar 312026
Dec 312025
Sep 302025
Jun 302025
Mar 312025
Other Financial Highlights
Return on common shareholders' equity(1)
7.8 %
11.5 %
12.3 %
17.6 %
18.1 %
LICAT total ratio
150 %
153 %
145 %
142 %
140 %
(1) See Non-IFRS Measures section.
The following table provides a summary of Empire Life results for the three months ended March 31, 2026 and 2025.
For the three months ended
(in millions of dollars)
March 31, 2026
March 31, 2025
