E-L Financial Corporation Limited (TSX: ELF)

E-L Financial Corporation Balance Sheet

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	7,545	7,456	6,745	8,149	8,028	7,510
Investments in Equity & Preferred Securities	8,814	8,318	7,285	8,283	7,491	6,923
Policy Loans	47.44	47.17	50.04	109.73	116.87	121.88
Other Investments	3.23	4.96	9.03	5	5	-
Total Investments	16,506	15,925	14,203	16,705	15,806	14,770
Cash & Equivalents	317.19	440.86	302.95	636.1	427.76	303.09
Reinsurance Recoverable	275.45	281.36	310.04	-	-	-
Other Receivables	59.44	53.87	120.9	111.69	167.2	93.69
Separate Account Assets	8,991	8,813	8,566	9,257	8,457	8,499
Net Property, Plant & Equipment	13.53	13.91	14.68	16.81	21.04	25.24
Goodwill	24.95	24.95	24.47	-	-	-
Other Intangible Assets	60.74	61.51	60.57	28.51	27.98	22.36
Other Current Assets	5.73	13.83	9.78	6.3	5.38	2.93
Deferred Long-Term Tax Assets	96.83	89.44	89.62	-	-	-
Other Long-Term Assets	96.11	42.21	45.54	29.16	32.53	33.26
Total Assets	26,447	25,760	23,747	26,791	24,945	23,749
Accounts Payable	-	83.88	107.92	73.33	64.58	74.45
Insurance & Annuity Liabilities	6,538	6,708	6,145	7,281	7,331	6,237
Reinsurance Payable	261.44	253.23	217.06	253.33	384.76	698.37
Separate Account Liability	8,991	8,813	8,566	9,257	8,457	8,499
Current Income Taxes Payable	-	19.94	-	52.72	9.83	44.59
Other Current Liabilities	16.87	16.87	12.78	13.14	8.52	8.91
Deferred Long-Term Tax Liabilities	431.81	351.57	247.44	373.75	321.59	268.47
Other Long-Term Liabilities	632.44	517.23	355.81	263.31	43.36	28.88
Total Liabilities	17,571	17,497	16,355	18,196	17,295	16,366
Common Stock	62.35	62.35	64.06	66.66	66.79	72.39
Retained Earnings	7,259	6,729	5,949	6,853	6,051	5,878
Comprensive Income & Other	78.78	68.92	48.3	96.09	100.56	64.27
Total Common Equity	7,400	6,860	6,062	7,016	6,218	6,015
Minority Interest	1,176	1,102	1,030	1,279	1,132	1,068
Shareholders' Equity	8,876	8,262	7,392	8,595	7,650	7,383
Total Liabilities & Equity	26,447	25,760	23,747	26,791	24,945	23,749
Total Debt	699.57	733.37	702.92	602.16	602.27	464.1
Net Cash / Debt	-382.38	-292.51	-399.97	33.94	-174.51	-161.01
Net Cash Per Share	-102.95	-78.17	-112.60	8.49	-41.80	-37.11
Book Value Per Share	2198.51	2176.09	1749.80	1944.14	1719.71	1531.71
Tangible Book Value	7,315	6,773	5,977	6,987	6,190	5,993
Tangible Book Value Per Share	2173.06	2148.67	1725.25	1936.24	1711.97	1526.01

Source: S&P Capital IQ. Insurance template.