Assumption Life

Assumption Life

Infobox_Company
company_name = Assumption Life
(Fr: Assomption Vie)
company_
company_type = Private
foundation = flagicon|US Fitchburg, Massachusetts (1903)
location_city = flagicon|CAN Moncton, New Brunswick
location_country =
key_people = Dennis Losier (C.E.O.)
industry = Financial services
revenue = profit CA $105.7 million (2007)cite web|title =2007 Annual Report|url = http://www.assomption.ca/media_uploads/pdf/822.pdf| publisher = Assumption Life|accessdate = 2008-06-20]
operating_income = profit CA $7.2 million (2007)cite web|title =2007 Annual Report|url = http://www.assomption.ca/media_uploads/pdf/822.pdf| publisher = Assumption Life|accessdate = 2008-06-20]
net_income = profit CA $4.1 Million (2007)cite web|title =2007 Annual Report|url = http://www.assomption.ca/media_uploads/pdf/822.pdf| publisher = Assumption Life|accessdate = 2008-06-20]
num_employees = 339cite web|title =2008 Corporate Profile |url = http://www.assomption.ca/media_uploads/pdf/788.pdf| publisher = Assumption Life|accessdate = 2008-06-20]
slogan =
homepage = [http://www.assomption.ca/English/index/index.cfm www.assomption.ca] ImageStackRight|250

Assumption Life (Fr: Assomption Vie) is a financial services company based in Moncton, New Brunswick, Canada. The company is a Canada wide life insurance provider with over 75,000 active policies and also operates a large asset management agency with over 1 billion dollars of assets under management. [cite web|title =Our Company |url = http://www.assomption.ca/English/index/dynamic.cfm?id=101| publisher = Assumption Life|accessdate = 2008-06-20]

History

The company was established in 1903 by Acadians in Massachusetts as la Société l'Assomption a small life insurance agency. The company moved to Moncton in 1913 and up until 1969 the company was run by the clergy. In 1972 Assumption Life moved into their new head office in Moncton, Assumption Place, which is by far the tallest building in the city.

ubsidiaries

Assumption Life has majority control over the following companies:
* Louisbourg Investments Inc., an investment portfolio management firm with over 1.4 billion dollars of assets under management.cite web|title =2008 Corporate Profile |url = http://www.assomption.ca/media_uploads/pdf/788.pdf| publisher = Assumption Life|accessdate = 2008-06-20]
* Assumption Place Ltd., A real estate holding company which owns the company's head office in Moncton (Assumption Place) along with other properties in Moncton and Edmundston, New Brunswick
* Atlantic Holdings (1987) Ltd.

References

External links

[http://www.assomption.ca/English/index/index.cfm Official website]


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