E-L Financial Corporation Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	1,530	1,405	1,326	1,255	915.54
Investment Income	1,496	1,455	899.73	-449.7	-
Net Gains on Investments	1,095	1,470	947.57	-766.79	674.59
Revenue	4,122	4,330	3,173	38.87	2,482
Revenue Growth (YoY)	-4.81%	36.47%	8063.46%	-98.43%	-2.11%
Insurance Benefits & Claims	1,332	1,230	1,144	1,063	962.2
Policy Amortization Costs	-	-	-	-	233.78
Other Operating Expenses	1,437	1,260	862.35	-231.29	270.26
Operating Income	1,352	1,841	1,166	-792.38	1,016
Total Non-Operating Income (Expense)	1,437	1,757	1,112	-556.38	-
Pretax Income	1,644	2,069	1,274	-561.31	1,497
Provision for Income Taxes	258.37	317.51	179.36	-82.84	215.35
Net Income	1,233	1,563	933.18	-325.56	1,153
Minority Interest in Earnings	152.58	188.4	161.91	-152.91	129.03
Net Income to Common	1,233	1,563	933.18	-325.56	1,153
Net Income Growth	-21.09%	67.50%	-	-	130.73%
Shares Outstanding (Basic)	337	337	345	390	361
Shares Outstanding (Diluted)	359	368	381	390	405
Shares Change (YoY)	-2.44%	-3.31%	-2.43%	-3.80%	-2.90%
EPS (Basic)	3.62	4.60	2.66	-0.96	3.15
EPS (Diluted)	3.44	4.25	2.45	-0.96	2.84
EPS Growth	-19.06%	73.30%	-	-	137.63%
Shares Outstanding	336.5	346.17	346.17	355.71	370.14
Free Cash Flow	357.45	459.55	736.01	320.98	348.1
Free Cash Flow Growth	-22.22%	-37.56%	129.30%	-7.79%	5.78%
Free Cash Flow Per Share	1.00	1.25	1.93	0.82	0.86
Dividends Per Share	0.158	0.150	0.150	0.100	0.087
Dividend Growth	5.00%	-	50.00%	14.29%	75.00%
Operating Margin	32.81%	42.51%	36.76%	-2038.74%	40.94%
Profit Margin	33.63%	40.45%	34.51%	-1231.08%	51.64%
FCF Margin	8.67%	10.61%	23.20%	825.87%	14.02%
EBITDA	1,352	1,841	1,166	-792.38	1,016
EBIT	1,352	1,841	1,166	-792.38	1,016
EBIT Margin	32.81%	42.51%	36.76%	-2038.74%	40.94%
Effective Tax Rate	15.71%	15.35%	14.07%	14.76%	14.38%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.