E-L Financial Corporation Limited
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 1.2B | 681.4M | 341.8M | 1.1B | 1.2B |
| Operating Revenue | 1.2B | 681.4M | 341.8M | 1.1B | 1.2B |
| Other Operating Expenses | 38.8M | 41.7M | 47.2M | -- | 34.3M |
| EBIT | 779.6M | 491.2M | 102.8M | 364.2M | 670.6M |
| Interest Expense | 5.9M | 7.6M | 5.8M | 5.9M | 6.0M |
| Interest Expense Non Operating | 5.9M | 7.6M | 5.8M | 5.9M | 6.0M |
| Interest Income | 97.2M | 104.7M | 141.4M | 101.8M | 97.3M |
| Net Interest Income | -5.9M | -7.6M | -5.8M | -5.9M | -6.0M |
| Pretax Income | 773.7M | 483.5M | 97.0M | 358.3M | 664.5M |
| Tax Provision | 117.7M | 71.5M | 14.0M | 39.4M | 125.3M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | 574.9M | 369.1M | 86.4M | 283.6M | 502.7M |
| Net Income From Continuing Operation Net Minority Interest | 574.9M | 369.1M | 86.4M | 283.6M | 502.7M |
| Net Income Including Noncontrolling Interests | 656.0M | 412.0M | 83.0M | 318.9M | 539.3M |
| Minority Interests | -81.1M | -42.9M | 3.4M | -35.3M | -36.5M |
| Net Income Common Stockholders | 569.8M | 365.1M | 85.8M | 286.7M | 497.3M |
| Net Income | 574.9M | 369.1M | 86.4M | 283.6M | 502.7M |
| Basic EPS | 1.68 | 1.05 | 0.25 | -- | 1.47 |
| Diluted EPS | 1.59 | 1.05 | 0.25 | -- | 1.35 |
| Basic Average Shares | 339.1M | 346.2M | 346.2M | -- | 338.3M |
| Diluted Average Shares | 358.3M | 346.2M | 346.2M | -- | 368.4M |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.14 | 0.11 | 0.19 |
| Normalized Income | 574.9M | 369.1M | 86.4M | 283.6M | 502.7M |
| Diluted NI Availto Com Stockholders | 569.8M | 365.1M | 85.8M | 286.7M | 497.3M |
| Loss Adjustment Expense | 409.4M | 172.9M | 193.4M | 665.4M | 521.4M |
| Net Income Continuous Operations | 656.0M | 412.0M | 83.0M | 318.9M | 539.3M |
| Net Non Operating Interest Income Expense | -5.9M | -7.6M | -5.8M | -5.9M | -6.0M |
| Net Policyholder Benefits And Claims | 409.4M | 172.9M | 193.4M | 665.4M | 521.4M |
| Otherunder Preferred Stock Dividend | 5.1M | 4.0M | 541,000 | -3.1M | 5.5M |
| Policyholder Benefits Ceded | -5.2M | 4.6M | -235,000 | 2.0M | 23.9M |
| Policyholder Benefits Gross | 404.2M | 177.4M | 193.1M | 667.4M | 545.3M |
| Total Expenses | 423.6M | 197.9M | 244.8M | 712.7M | 519.1M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 399.6M | 377.8M | 330.2M | 373.4M | 329.3M |
| Cash Cash Equivalents And Short Term Investments | 400.0M | 380.6M | 332.7M | 374.3M | 330.0M |
| Other Short Term Investments | 395,000 | 2.8M | 2.4M | 840,000 | 672,000 |
| Receivables | 34.5M | 26.9M | 4.5M | 984,000 | -- |
| Net PPE | 1.4M | 2.0M | 2.4M | 2.7M | 3.4M |
| Goodwill | 25.0M | 25.0M | 25.0M | 25.0M | 25.0M |
| Goodwill And Other Intangible Assets | 92.9M | 94.4M | 94.6M | 83.7M | 85.7M |
| Other Intangible Assets | 67.9M | 69.4M | 69.6M | 58.8M | 60.7M |
| Investments And Advances | 18.1B | 17.2B | 17.0B | 17.6B | 17.3B |
| Long Term Equity Investment | 569.3M | 536.7M | 521.5M | 558.2M | 521.3M |
| Total Assets | 29.4B | 28.0B | 27.4B | 28.1B | 27.7B |
| Current Debt | -- | -- | -- | 0.00 | 0.00 |
| Current Debt And Capital Lease Obligation | -- | -- | -- | 0.00 | 0.00 |
| Accounts Payable | -- | -- | -- | 82.6M | -- |
| Payables | 17.7M | 17.7M | 16.9M | 166.5M | 16.9M |
| Payables And Accrued Expenses | 17.7M | 17.7M | 16.9M | 166.5M | 16.9M |
| Long Term Debt | 599.5M | 599.4M | 599.0M | 598.9M | 598.8M |
| Long Term Debt And Capital Lease Obligation | 599.5M | 599.4M | 599.0M | 598.9M | 598.8M |
| Total Liabilities Net Minority Interest | 19.1B | 18.4B | 18.2B | 18.4B | 18.3B |
| Common Stock | 62.3M | 62.3M | 62.3M | 62.3M | 62.3M |
| Capital Stock | 362.3M | 362.3M | 362.3M | 362.3M | 362.3M |
| Retained Earnings | 8.5B | 7.9B | 7.6B | 8.0B | 7.7B |
| Gains Losses Not Affecting Retained Earnings | 47.2M | 37.5M | 39.2M | 36.7M | 31.4M |
| Other Equity Adjustments | 47.2M | 37.5M | 39.2M | 36.7M | 31.4M |
| Common Stock Equity | 8.6B | 8.1B | 7.7B | 8.2B | 7.9B |
| Stockholders Equity | 8.9B | 8.4B | 8.0B | 8.5B | 8.2B |
| Total Equity Gross Minority Interest | 10.2B | 9.6B | 9.2B | 9.7B | 9.4B |
| Minority Interest | 1.3B | 1.2B | 1.2B | 1.3B | 1.2B |
| Total Capitalization | 9.5B | 9.0B | 8.6B | 9.1B | 8.8B |
| Net Tangible Assets | 8.8B | 8.3B | 7.9B | 8.4B | 8.1B |
| Tangible Book Value | 8.5B | 8.0B | 7.6B | 8.1B | 7.8B |
| Invested Capital | 9.2B | 8.7B | 8.3B | 8.8B | 8.5B |
| Total Debt | 599.5M | 599.4M | 599.0M | 598.9M | 598.8M |
| Net Debt | 199.9M | 221.6M | 268.7M | 225.5M | 269.5M |
| Share Issued | 346.2M | 346.2M | 346.2M | 346.2M | 346.2M |
| Ordinary Shares Number | 346.2M | 346.2M | 346.2M | 346.2M | 346.2M |
| Defined Pension Benefit | -- | -- | -- | 26.2M | -- |
| Dividends Payable | 17.7M | 17.7M | 16.9M | 16.9M | 16.9M |
| Income Tax Payable | -- | -- | -- | 67.0M | -- |
| Investments In Other Ventures Under Equity Method | 569.3M | 536.7M | 521.5M | 558.2M | 521.3M |
| Line Of Credit | -- | -- | -- | 0.00 | 0.00 |
| Loans Receivable | 88.3M | 63.3M | 64.2M | 62.9M | 60.9M |
| Non Current Deferred Liabilities | 594.4M | 520.3M | 471.0M | 524.2M | 484.7M |
| Non Current Deferred Taxes Liabilities | 594.4M | 520.3M | 471.0M | 524.2M | 484.7M |
| Other Equity Interest | 62.8M | 57.7M | 53.7M | 53.1M | 56.3M |
| Preferred Shares Number | 12.0M | 12.0M | 12.0M | 12.0M | 12.0M |
| Preferred Stock | 300.0M | 300.0M | 300.0M | 300.0M | 300.0M |
| Preferred Stock Equity | 300.0M | 300.0M | 300.0M | 300.0M | 300.0M |
| Taxes Receivable | 34.5M | 26.9M | 4.5M | 984,000 | 0.00 |
| Total Tax Payable | -- | -- | -- | 67.0M | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 196.5M | 31.7M | -2.0M | 133.2M | 127.2M |
| Cash Flow From Continuing Operating Activities | 196.5M | 31.7M | -2.0M | 133.2M | 127.2M |
| Deferred Tax | 80.7M | 46.7M | -57.0M | -7.6M | 95.7M |
| Deferred Income Tax | 80.7M | 46.7M | -57.0M | -7.6M | 95.7M |
| Change In Working Capital | 119.8M | -108.9M | -19.2M | 97.2M | 254.8M |
| Change In Other Working Capital | -19.7M | 944,000 | -67.3M | 289.4M | -35.3M |
| Other Non Cash Items | 92.5M | -75.7M | 5.4M | -5.6M | 27.9M |
| Purchase Of Investment | -742.5M | -709.4M | -684.8M | -612.3M | -700.8M |
| Sale Of Investment | 594.9M | 754.4M | 1.2B | 611.4M | 627.3M |
| Net Investment Purchase And Sale | -147.6M | 45.0M | 560.1M | -923,000 | -73.4M |
| Investing Cash Flow | -146.0M | 47.4M | 584.8M | -63.2M | -74.1M |
| Cash Flow From Continuing Investing Activities | -146.0M | 47.4M | 584.8M | -63.2M | -74.1M |
| Issuance Of Debt | -- | -- | -- | 0.00 | 0.00 |
| Repayment Of Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Issuance Payments Of Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Repurchase Of Capital Stock | -- | -- | -- | 0.00 | 0.00 |
| Net Common Stock Issuance | -- | -- | -- | 0.00 | 0.00 |
| Common Stock Payments | -- | -- | -- | 0.00 | 0.00 |
| Financing Cash Flow | -28.7M | -31.5M | -625.9M | -25.9M | -26.4M |
| Cash Flow From Continuing Financing Activities | -28.7M | -31.5M | -625.9M | -25.9M | -26.4M |
| Changes In Cash | 21.8M | 47.5M | -43.2M | 44.1M | 26.8M |
| Beginning Cash Position | 377.8M | 330.2M | 373.4M | 329.3M | 302.5M |
| End Cash Position | 399.6M | 377.8M | 330.2M | 373.4M | 329.3M |
| Free Cash Flow | 196.5M | 31.7M | -2.0M | 133.2M | 127.2M |
| Cash Dividends Paid | -17.7M | -16.9M | -536.1M | -16.9M | -16.9M |
| Dividends Received Cfi | 4.0M | 4.5M | 40.6M | 3.4M | 3.4M |
| Earnings Losses From Equity Investments | -30.5M | -24.3M | -1.5M | -18.8M | -42.6M |
| Interest Paid Cff | -7.7M | -3.9M | -7.7M | -5.8M | -5.7M |
| Long Term Debt Issuance | -- | -- | -- | 0.00 | 0.00 |
| Long Term Debt Payments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing Operations | 656.0M | 412.0M | 83.0M | 318.9M | 539.3M |
| Net Long Term Debt Issuance | -- | -- | -- | 0.00 | 0.00 |
| Net Other Financing Charges | -3.1M | -10.8M | -82.1M | -3.2M | -3.8M |
| Net Other Investing Changes | -2.4M | -2.2M | -16.0M | -3.6M | -4.0M |
| Operating Gains Losses | -30.5M | -24.3M | -1.5M | -18.8M | -42.6M |
| Unrealized Gain Loss On Investment Securities | -722.0M | -218.1M | -12.6M | -251.0M | -747.8M |