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. In 2015, this approach continued to be successful as Equitable Life of Canada had a solid year, demonstrating the Company’s financial strength stability, as well as its ability to deliver on its strategic plan. Equitable Life realized earnings of $53.8 million, which resulted in a return on policyholders’ equity of 11.4%. With these earnings, the Company was able to achieve a Minimum Continuing Capital and Surplus Requirements ratio of 216%, up from 210% in 2014. Equitable Life also experienced continued and steady growth. The Company achieved a new high of $810 million for premiums and deposits and reached $3.5 billion in assets under administration.
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 2015, 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 2015. We also provided financial support to a number of other educational and healthcare institutions in 2015.