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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
TORONTO ON M5H3B8
Tel: N/A
Website: https://www.e-lfinancial.ca
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 three months ended 31 March 2020, E-L Financial Corp Ltd revenues decreased 3% to C$396.2M. Net loss applicable to common stockholders totaled C$663.1M vs. income of C$308.9M. Revenues reflect Empire Life segment decrease of 100% to C$1.8M. Net loss reflects Fair value change in fair value through decrease from C$752.8M (income) to C$1.13B (expense).
Employees: 13 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $3,182M as of Mar 31, 2020
Annual revenue (TTM): $1,654M as of Mar 31, 2020
EBITDA (TTM): $452.24M as of Mar 31, 2020
Net annual income (TTM): -$242.89M as of Mar 31, 2020
Free cash flow (TTM): $310.11M as of Mar 31, 2020
Net Debt Last Fiscal Year: $96.04M as of Mar 31, 2020
Shares outstanding: 3,933,072 as of May 7, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization