E-L Financial Corporation Limited (ELFIF)

E-L Financial Corporation Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,314	1,570	955.28	-331.44	1,166	503.74
Depreciation & Amortization	10.64	10.64	9.12	3.47	14.41	12.27
Gain (Loss) on Sale of Investments	-1,204	-1,654	-1,290	2,663	-742.87	-1,074
Change in Other Net Operating Assets	-33.66	50.71	83.97	-98.35	45.17	4.32
Other Operating Activities	347.24	563.37	970.22	-1,856	24.44	854
Operating Cash Flow	359.3	459.55	736.01	320.98	348.1	329.08
Operating Cash Flow Growth	-50.99%	-37.56%	129.30%	-7.79%	5.78%	-21.00%
Investment in Securities	447.17	-69.4	-369.87	-343.12	206.59	47.98
Other Investing Activities	-24.14	-7.42	-16.68	-19.78	-3.69	-7.86
Investing Cash Flow	423.02	-76.82	-386.56	-362.9	202.91	40.12
Long-Term Debt Issued	-	-	30.2	100	-	197.83
Total Debt Repaid	-	-135.2	-200	-	-200	-60
Net Debt Issued (Repaid)	-	-135.2	-169.8	100	-200	137.83
Issuance of Common Stock	-	-	199.3	-	395.96	-
Repurchases of Common Stock	-0.11	-	-99.44	-135.46	-6.61	-202.81
Common Dividends Paid	-207.7	-207.7	-	-	-	-
Common & Preferred Dividends Paid	-68.9	-67.48	-64.43	-52.08	-43.36	-35.04
Total Dividends Paid	-276.6	-275.18	-64.43	-52.08	-43.36	-35.04
Other Financing Activities	-124.29	-39.8	-77.18	-111.42	-192.01	-46.17
Financing Cash Flow	-712	-450.18	-211.54	-291.24	-342.67	-244.52
Net Cash Flow	70.33	-67.45	137.92	-333.16	208.34	124.67
Cash Interest Paid	25.12	24.6	22.02	19.3	23.55	14.63
Cash Income Tax Paid	86.26	86.26	6.68	0.46	-135.65	126.91
Levered Free Cash Flow	1,026	1,296	937.87	-763.68	936.95	59.81
Unlevered Free Cash Flow	1,161	1,433	1,066	-679.67	956.8	72.8
Change in Working Capital	-33.66	50.71	83.97	-98.35	45.17	4.32

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.