Recognized as one of Atlantic Canada's Top Employers (2025):
By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Mar 31, 2025)
Here are some of the reasons why Assumption Mutual Life Insurance Company was selected as one of Atlantic Canada's Top Employers (2025):
- Assumption Mutual Life contributed approximately 1,200 volunteer hours on company time in the past year, directing support to organizations related to arts and culture, health, education, and socio-economic issues
- Assumption Mutual Life promotes employee well-being by offering physical health evaluations, subsidized access to an on-site fitness facility (with yoga and boot camp classes), and coverage for mental health practitioners as part of its benefits plan (to $2,500 per year)
- Assumption Mutual Life helps employees transition to new roles with phased-in return to work after parental leave and three paid family responsibility days per year -- in addition, the organization provides maternity and parental leave top-ups for new mothers and adoptive parents (to 75 per cent of salary for 17 weeks)

Assumption Mutual Life team members organize a golf tournament

Assumption Mutual Life team members organize a golf tournament

Assumption Mutual Life team members organize a golf tournament
Highlights
Industry | Insurance, retirement savings and mortgages |
Established in Canada | 1903 |
Major Canadian locations | Moncton NB |
Full-time employees in Canada | 257 |
Part-time employees in Canada | 8 |
Average age of employees in Canada | 41.7 years |
Longest serving employee | 42 years |
Flexible work options | hybrid work option, flexible work hours, compressed work week, shortened work week (fewer hours with less pay) |
Long-term savings | defined-contribution (DC) pension |
Health plan premium | as part of the health plan, the employer pays up to 55% of the premiums |
Mental health practitioner benefit | up to $2,500 each year |
Maternity top-up (mothers) | up to 75% of salary for 17 weeks |
Adoption top-up | up to 75% of salary for 17 weeks |
Vacation allowance | new employees receive 3 weeks of paid vacation after their first year on the job |
Outside survey period | outside consultant surveys are held every 12 months |
Employee performance reviews | employees receive individual performance reviews every 6 months |
In-house training initiatives | in-house training, online training, leadership development programs, paid internships |
Related tuition subsidies | employer covers up to 75% of tuition per year |
Employee charitable involvement | employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 1 paid day) |