E-L Financial Corporation Limited (ELFIF)

E-L Financial Corporation Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	8,018	7,963	7,456	6,745	8,149	8,028
Investments in Equity & Preferred Securities	8,993	9,645	8,318	7,285	8,283	7,491
Policy Loans	64.23	62.92	47.17	50.04	109.73	116.87
Other Investments	2.44	0.84	4.96	9.03	5	5
Total Investments	17,152	17,751	15,925	14,203	16,705	15,806
Cash & Equivalents	330.25	373.41	440.86	302.95	636.1	427.76
Reinsurance Recoverable	292.1	296.07	281.36	310.04	-	-
Other Receivables	10.95	57.3	53.87	120.9	111.69	167.2
Separate Account Assets	9,266	9,394	8,813	8,566	9,257	8,457
Property, Plant & Equipment	2.42	2.73	13.91	14.68	16.81	21.04
Goodwill	24.99	24.99	24.95	24.47	-	-
Other Intangible Assets	69.62	58.75	61.51	60.57	28.51	27.98
Other Current Assets	25.55	14.82	13.83	9.78	6.3	5.38
Long-Term Deferred Tax Assets	95.58	92.28	89.44	89.62	-	-
Other Long-Term Assets	134.33	53.79	42.21	45.54	29.16	32.53
Total Assets	27,404	28,119	25,760	23,747	26,791	24,945
Accounts Payable	-	82.59	83.88	107.92	73.33	64.58
Insurance & Annuity Liabilities	6,906	6,868	6,708	6,145	7,281	7,331
Reinsurance Payable	224.93	213.85	253.23	217.06	253.33	384.76
Current Income Taxes Payable	-	67.03	19.94	-	52.72	9.83
Long-Term Debt	598.95	598.87	733.37	702.92	602.16	602.27
Long-Term Deferred Tax Liabilities	470.95	524.16	351.57	247.44	373.75	321.59
Separate Account Liability	9,266	9,394	8,813	8,566	9,257	8,457
Other Current Liabilities	16.87	16.87	16.87	12.78	13.14	8.52
Other Long-Term Liabilities	716.11	614.74	517.23	355.81	263.31	43.36
Total Liabilities	18,199	18,380	17,497	16,355	18,196	17,295
Preferred Stock, Convertible	300	300	300	300	300	300
Common Stock	62.35	62.35	62.35	64.06	66.66	66.79
Retained Earnings	7,567	8,017	6,729	5,949	6,853	6,051
Comprehensive Income & Other	92.86	89.84	68.92	48.3	96.09	100.56
Total Common Equity	7,722	8,169	6,860	6,062	7,016	6,218
Minority Interest	1,183	1,270	1,102	1,030	1,279	1,132
Shareholders' Equity	9,204	9,739	8,262	7,392	8,595	7,650
Total Liabilities & Equity	27,404	28,119	25,760	23,747	26,791	24,945
Filing Date Shares Outstanding	346.17	346.17	342.39	346.41	360.84	361.56
Total Common Shares Outstanding	346.17	346.17	342.39	346.41	360.84	361.56
Total Debt	598.95	598.87	733.37	702.92	602.16	602.27
Net Cash (Debt)	-268.71	-225.46	-292.51	-399.97	33.94	-174.51
Net Cash Per Share	-0.75	-0.62	-0.78	-1.13	0.08	-0.42
Book Value Per Share	22.31	23.60	20.04	17.50	19.44	17.20
Tangible Book Value	7,627	8,085	6,773	5,977	6,987	6,190
Tangible Book Value Per Share	22.03	23.36	19.78	17.25	19.36	17.12

Updated Mar 7, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.