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E-L Financial Corporation Limited (T:ELF)

Business Focus: Multiline Insurance & Brokers

Sector:  Financials Industry:  Multiline Insurance & Brokers
See Regulatory Filings on SEDAR
Company Contact
Address: 165 University Ave 10th Floor
Tel: N/A
IR: See website
Key People
Duncan N. R Jackman
Chairman of the Board, President, Chief Executive Officer
Mark M. Taylor
Chief Financial Officer, Executive Vice President, Director
Business Overview
E-L Financial Corp Ltd is a Canada-based investment and insurance holding company. It operates through the segments: E-L Corporate and The Empire Life Insurance Company (Empire or Empire Life). The operation of E-L Corporate segment include the oversight of investments in global equities held through direct and indirect holdings of common shares, investment funds, closed-end investment companies and other private companies in United, Economic and Algoma. The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds and annuity products. Its Empire Life segment provides a range of life insurance and wealth management products, employee benefit plans and financial services for individuals, professionals and businesses through a network of Independent Financial Advisors (IFAs), Managing General Agents (MGAs), National Account firms, Mutual Fund Dealers and Employee Benefits brokers and representatives.
Financial Overview
For the nine months ended 30 September 2019, E-L Financial Corp Ltd revenues increased 7% to C$1.25B. Net income applicable to common stockholders increased 68% to C$451.4M. Revenues reflect Empire Life segment increase from C$848.9M to C$1.87B, E-L Corporate segment increase from C$240.3M to C$508M. Net income benefited from Fair value change in fair value through increase from C$94.8M (expense) to C$1.11B (income).
Employees: 13 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $3,654M as of Sep 30, 2019
Annual revenue (TTM): $1,657M as of Sep 30, 2019
EBITDA (TTM): -$384.36M as of Sep 30, 2019
Net annual income (TTM): $197.79M as of Sep 30, 2019
Free cash flow (TTM): $394.33M as of Sep 30, 2019
Net Debt Last Fiscal Year: $93.00M as of Sep 30, 2019
Shares outstanding: 4,019,667 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization