Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

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 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