E-L Financial Corporation Limited
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 3.3B | 3.0B | -1.2B | 2.3B |
| Operating Revenue | 3.3B | 3.0B | -1.2B | 2.3B |
| Selling General And Administration | 103.7M | 93.5M | 76.5M | 187.1M |
| General And Administrative Expense | 103.7M | 93.5M | 76.5M | 187.1M |
| Depreciation And Amortization In Income Statement | 22.4M | 18.9M | 14.8M | 32.7M |
| Other Operating Expenses | -- | -- | 22.4M | 18.2M |
| EBIT | 2.1B | 1.3B | -540.6M | 1.5B |
| Interest Expense | 25.4M | 25.9M | 20.7M | 31.8M |
| Interest Expense Non Operating | 25.4M | 25.9M | 20.7M | 31.8M |
| Interest Income | 410.7M | 359.1M | 372.9M | 457.5M |
| Net Interest Income | -25.4M | -25.9M | -20.7M | -31.8M |
| Pretax Income | 2.1B | 1.3B | -561.3M | 1.5B |
| Tax Provision | 317.5M | 179.4M | -82.8M | 215.3M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | 1.6B | 955.3M | -331.4M | 1.2B |
| Net Income From Continuing Operation Net Minority Interest | 1.6B | 955.3M | -331.4M | 1.2B |
| Net Income Including Noncontrolling Interests | 1.8B | 1.1B | -478.5M | 1.3B |
| Minority Interests | -181.4M | -139.8M | 147.0M | -116.2M |
| Net Income Common Stockholders | 1.6B | 933.2M | -325.6M | 1.1B |
| Net Income | 1.6B | 955.3M | -331.4M | 1.2B |
| Reconciled Depreciation | 22.4M | 18.9M | 14.8M | 32.7M |
| Basic EPS | 4.60 | 3.35 | -0.96 | 3.15 |
| Diluted EPS | 4.25 | 3.35 | -0.96 | 2.84 |
| Basic Average Shares | 336.6M | 346.2M | 339.0M | 361.5M |
| Diluted Average Shares | 367.9M | 346.2M | 339.0M | 405.4M |
| Tax Rate For Calcs | 0.15 | 0.14 | 0.15 | 0.14 |
| Normalized Income | 1.6B | 955.3M | -331.4M | 1.2B |
| Amortization | 22.4M | 18.9M | 14.8M | 32.7M |
| Diluted NI Availto Com Stockholders | 1.6B | 933.2M | -325.6M | 1.1B |
| Loss Adjustment Expense | 1.2B | 1.6B | -669.8M | 481.6M |
| Net Income Continuous Operations | 1.8B | 1.1B | -478.5M | 1.3B |
| Net Non Operating Interest Income Expense | -25.4M | -25.9M | -20.7M | -31.8M |
| Net Policyholder Benefits And Claims | 1.2B | 1.6B | -669.8M | 481.6M |
| Other Gand A | 38.7M | 46.0M | 39.5M | 75.4M |
| Otherunder Preferred Stock Dividend | 7.0M | 22.1M | -5.9M | 12.8M |
| Policyholder Benefits Ceded | 29.6M | -43.9M | 79.0M | 290.4M |
| Policyholder Benefits Gross | 1.2B | 1.5B | -590.8M | 771.9M |
| Preferred Stock Dividends | -- | -- | 15.6M | 15.6M |
| Rent Expense Supplemental | -- | -- | -- | 18.3M |
| Salaries And Wages | 65.0M | 47.5M | 36.9M | 111.6M |
| Total Expenses | 1.3B | 1.7B | -617.4M | 826.3M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 373.4M | 440.9M | 302.9M | 636.1M |
| Cash Cash Equivalents And Short Term Investments | 374.3M | 445.8M | 312.0M | 636.1M |
| Other Short Term Investments | 840,000 | 5.0M | 9.0M | 2.0B |
| Accounts Receivable | -- | -- | 81.1M | 48.7M |
| Receivables | 984,000 | 748,000 | 69.6M | 67.3M |
| Net PPE | 2.7M | 13.9M | 14.7M | 16.8M |
| Goodwill | 25.0M | 24.9M | 24.5M | 0.00 |
| Goodwill And Other Intangible Assets | 83.7M | 86.5M | 85.0M | 28.5M |
| Other Intangible Assets | 58.8M | 61.5M | 60.6M | 28.5M |
| Investments And Advances | 17.6B | 15.8B | 14.0B | 416.9M |
| Long Term Equity Investment | 558.2M | 429.0M | 473.0M | 416.9M |
| Total Assets | 28.1B | 25.8B | 23.7B | 27.1B |
| Current Debt | 0.00 | 40.0M | 50.0M | -- |
| Current Debt And Capital Lease Obligation | 0.00 | 40.0M | 50.0M | -- |
| Accounts Payable | 82.6M | 83.9M | 107.9M | 189.1M |
| Payables | 166.5M | 120.7M | 120.7M | 13.1M |
| Payables And Accrued Expenses | 166.5M | 120.7M | 120.7M | 13.1M |
| Long Term Debt | 598.9M | 693.4M | 652.9M | 602.2M |
| Long Term Debt And Capital Lease Obligation | 598.9M | 693.4M | 652.9M | 602.2M |
| Total Liabilities Net Minority Interest | 18.4B | 17.5B | 16.4B | 18.9B |
| Common Stock | 62.3M | 62.3M | 64.1M | 366.7M |
| Capital Stock | 362.3M | 362.3M | 364.1M | 366.7M |
| Retained Earnings | 8.0B | 6.7B | 5.9B | 6.5B |
| Gains Losses Not Affecting Retained Earnings | 36.7M | 22.8M | 24.2M | -9.0M |
| Other Equity Adjustments | 36.7M | 22.8M | 24.2M | -9.0M |
| Common Stock Equity | 8.2B | 6.9B | 6.1B | 6.9B |
| Stockholders Equity | 8.5B | 7.2B | 6.4B | 6.9B |
| Total Equity Gross Minority Interest | 9.7B | 8.3B | 7.4B | 8.2B |
| Minority Interest | 1.3B | 1.1B | 1.0B | 1.3B |
| Total Capitalization | 9.1B | 7.9B | 7.0B | 7.5B |
| Net Tangible Assets | 8.4B | 7.1B | 6.3B | 6.9B |
| Tangible Book Value | 8.1B | 6.8B | 6.0B | 6.9B |
| Invested Capital | 8.8B | 7.6B | 6.8B | 7.5B |
| Total Debt | 598.9M | 733.4M | 702.9M | 602.2M |
| Net Debt | 225.5M | 292.5M | 400.0M | -- |
| Share Issued | 346.2M | 346.2M | 355.7M | 370.1M |
| Ordinary Shares Number | 346.2M | 346.2M | 355.7M | 370.1M |
| Defined Pension Benefit | 26.2M | 19.3M | 16.3M | 0.00 |
| Dividends Payable | 16.9M | 16.9M | 12.8M | 13.1M |
| Employee Benefits | -- | -- | 0.00 | 26.0M |
| Income Tax Payable | 67.0M | 19.9M | 0.00 | 52.7M |
| Investments In Other Ventures Under Equity Method | 558.2M | 429.0M | 473.0M | 416.9M |
| Line Of Credit | 0.00 | 40.0M | 50.0M | -- |
| Loans Receivable | 62.9M | 47.2M | 50.0M | -- |
| Non Current Deferred Liabilities | 524.2M | 351.6M | 247.4M | 328.2M |
| Non Current Deferred Taxes Liabilities | 524.2M | 351.6M | 247.4M | 328.2M |
| Other Equity Interest | 53.1M | 46.2M | 24.1M | 29.9M |
| Preferred Shares Number | 12.0M | 12.0M | 12.0M | 12.0M |
| Preferred Stock | 300.0M | 300.0M | 300.0M | 300.0M |
| Preferred Stock Equity | 300.0M | 300.0M | 300.0M | 300.0M |
| Taxes Receivable | 984,000 | 748,000 | 69.6M | 18.6M |
| Total Tax Payable | 67.0M | 19.9M | 0.00 | 52.7M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 459.5M | 736.0M | 321.0M | 348.1M |
| Cash Flow From Continuing Operating Activities | 459.5M | 736.0M | 321.0M | 348.1M |
| Deferred Tax | 166.5M | 104.9M | -87.0M | 39.5M |
| Deferred Income Tax | 166.5M | 104.9M | -87.0M | 39.5M |
| Change In Working Capital | 252.1M | 865.3M | -1.7B | -140.2M |
| Change In Other Working Capital | 252.1M | 865.3M | -1.7B | 45.2M |
| Other Non Cash Items | 24.7M | -46.8M | -29.4M | 68.5M |
| Purchase Of Business | -62.0M | -4.8M | -- | -- |
| Purchase Of Investment | -3.2B | -3.8B | -4.0B | -5.5B |
| Sale Of Investment | 3.1B | 3.4B | 3.6B | 5.6B |
| Net Investment Purchase And Sale | -33.7M | -403.7M | -366.6M | 152.1M |
| Investing Cash Flow | -76.8M | -386.6M | -362.9M | 202.9M |
| Cash Flow From Continuing Investing Activities | -76.8M | -386.6M | -362.9M | 202.9M |
| Issuance Of Debt | 0.00 | 229.5M | 100.0M | 0.00 |
| Repayment Of Debt | -135.2M | -200.0M | 0.00 | -200.0M |
| Net Issuance Payments Of Debt | -135.2M | 29.5M | 100.0M | -200.0M |
| Issuance Of Capital Stock | -- | -- | 0.00 | 396.0M |
| Repurchase Of Capital Stock | 0.00 | -99.4M | -135.5M | -156.1M |
| Net Common Stock Issuance | 0.00 | -99.4M | -135.5M | -6.6M |
| Common Stock Dividend Paid | -- | -- | -144.4M | -340.0M |
| Common Stock Payments | 0.00 | -99.4M | -135.5M | -6.6M |
| Financing Cash Flow | -450.2M | -211.5M | -291.2M | -342.7M |
| Cash Flow From Continuing Financing Activities | -450.2M | -211.5M | -291.2M | -342.7M |
| Changes In Cash | -67.4M | 137.9M | -333.2M | 208.3M |
| Beginning Cash Position | 440.9M | 302.9M | 636.1M | 427.8M |
| End Cash Position | 373.4M | 440.9M | 302.9M | 636.1M |
| Free Cash Flow | 459.5M | 736.0M | 321.0M | 348.1M |
| Amortization Of Securities | -- | -- | -76.8M | -71.2M |
| Cash Dividends Paid | -275.2M | -64.4M | -144.4M | -340.0M |
| Dividends Received Cfi | 26.3M | 38.6M | 23.4M | 54.5M |
| Earnings Losses From Equity Investments | -81.2M | 7.5M | -59.6M | -158.8M |
| Gain Loss On Investment Securities | -- | -- | 33.9M | 1.5M |
| Interest Paid Cff | -24.6M | -22.0M | -19.3M | -23.5M |
| Long Term Debt Issuance | 0.00 | 229.5M | 100.0M | 0.00 |
| Long Term Debt Payments | -135.2M | -200.0M | 0.00 | -200.0M |
| Net Business Purchase And Sale | -62.0M | -4.8M | -- | -- |
| Net Income From Continuing Operations | 1.8B | 1.1B | -478.5M | 1.3B |
| Net Long Term Debt Issuance | -135.2M | 29.5M | 100.0M | -200.0M |
| Net Other Financing Charges | -15.2M | -55.2M | -92.1M | -19.0M |
| Net Other Investing Changes | -7.4M | -16.7M | -19.8M | -3.7M |
| Net Preferred Stock Issuance | -- | -- | 0.00 | 246.5M |
| Operating Gains Losses | -81.2M | 7.5M | -59.6M | -157.4M |
| Preferred Stock Issuance | -- | -- | 0.00 | 396.0M |
| Preferred Stock Payments | -- | -- | 0.00 | -149.5M |
| Unrealized Gain Loss On Investment Securities | -1.7B | -1.3B | 2.7B | -673.1M |