E-L Financial Corporation Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Premiums Earned	1,496	1,405	1,326	1,255	915.54	860.24
Investment Income	1,579	1,661	1,072	-298.91	736.45	710.68
Net Gains on Investments	1,185	1,470	947.57	-766.79	674.59	935.15
Total Other Revenues	75.23	81.18	-7.47	59.61	158.85	-28.86
Revenue	4,335	4,617	3,337	249.27	2,485	2,477
Revenue Growth (YoY)	-19.61%	38.34%	1238.84%	-89.97%	0.33%	-15.46%
Insurance Benefits & Claims	1,312	1,230	1,144	1,063	962.2	2,743
Policy Amortization Costs	-	-	-	-	233.78	202.56
Other Operating Expenses	953.15	1,260	862.35	122.37	270.26	248.57
Operating Income	2,070	2,127	1,331	-935.64	1,019	-716.8
Pretax Income	2,070	2,127	1,331	-935.64	1,019	-716.8
Provision for Income Taxes	242.67	317.51	179.36	-82.84	215.35	109.96
Net Income	1,307	1,563	933.18	-325.56	1,153	499.69
Minority Interest in Earnings	162.49	188.4	161.91	-152.91	129.03	103.82
Net Income to Common	1,307	1,563	933.18	-325.56	1,153	499.69
Net Income Growth	-26.45%	67.50%	-	-	130.73%	-32.90%
Shares Outstanding (Basic)	341	337	345	390	361	378
Shares Outstanding (Diluted)	354	368	381	390	405	418
Shares Change (YoY)	-2.06%	-3.31%	-2.43%	-3.80%	-2.90%	-3.76%
EPS (Basic)	3.83	4.60	2.66	-0.96	3.15	1.28
EPS (Diluted)	3.69	4.25	2.45	-0.96	2.84	1.20
EPS Growth	-24.91%	73.22%	-	-	137.63%	-30.27%
Free Cash Flow	359.3	459.55	736.01	320.98	348.1	329.08
Free Cash Flow Growth	-21.81%	-37.56%	129.30%	-7.79%	5.78%	-21.00%
Free Cash Flow Per Share	-	1.25	1.93	0.82	0.86	0.79
Dividends Per Share	0.155	0.150	0.150	0.100	0.087	0.050
Dividend Growth	3.33%	-	50.00%	14.29%	75.00%	-
Operating Margin	47.76%	46.08%	39.88%	-375.35%	41.01%	-28.94%
Profit Margin	42.16%	39.20%	34.50%	-342.12%	32.34%	-33.37%
FCF Margin	8.29%	9.95%	22.05%	128.77%	14.01%	13.28%
EBITDA	2,070	2,127	1,331	-935.64	1,019	-716.8
EBIT	2,070	2,127	1,331	-935.64	1,019	-716.8
EBIT Margin	47.76%	46.08%	39.88%	-375.35%	41.01%	-28.94%
Effective Tax Rate	11.72%	14.92%	13.48%	8.85%	21.13%	-15.34%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.