At Equitable Life, we're not your typical financial services company. We have the knowledge, experience and ability to find solutions that work for you. We're friendly, caring and interested in helping.
As a mutual company, Equitable Life is owned by participating policyholders, not shareholders. So we can focus on your interests and providing you with personalized service, security and wellbeing. Our participating policyholders share in our success - they are eligible to receive dividends supported by distributable earnings from all of our lines of business.
Financial strength and stability
Equitable Life takes a conservative approach to risk and focuses on longer term strategies that foster ongoing stability and growth for our policyholders and business partners. This approach has paid off as we had an outstanding year in 2013, outperforming on almost all financial fronts and achieving several significant financial milestones. Most notably, the Company realized record earnings of $58.6 million, eclipsing its previous high for net income of $44.7 million in 2012. As well, Equitable Life enhanced its strong and stable capital position in 2013. The Company's Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio finished the year at 228%, its highest level in over 25 years.
Industry leading products
We work with independent advisors across Canada to offer a diverse lineup of competitive Individual Life and Health, Savings and Retirement and Group Benefits solutions to help you achieve your financial goals with confidence.
We believe in giving back to the communities in which we operate, and we support various charitable initiatives. Most notably, our annual United Way campaign helps make the communities we serve better, healthier and more caring places to live. In 2013, our employees also demonstrated tremendous generosity through a "Movember" fundraiser for men's health, and our annual Adopt-a-Family initiative to support local families in need during the holiday season. We were also proud to be the presenting sponsor of the Waterloo-Wellington Walk Now for Autism Speaks again in 2013. We also provided financial support to a number of other educational and healthcare institutions in 2013.