E-L Financial Corporation Limited (TSX:ELF)

E-L Financial Corporation Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	7,963	7,456	6,745	8,149	8,028
Investments in Equity & Preferred Securities	9,645	8,318	7,285	8,283	7,491
Policy Loans	62.92	47.17	50.04	109.73	116.87
Other Investments	0.84	4.96	9.03	5	5
Total Investments	17,751	15,925	14,203	16,705	15,806
Cash & Equivalents	373.41	440.86	302.95	636.1	427.76
Reinsurance Recoverable	296.07	281.36	310.04	-	-
Other Receivables	57.3	53.87	120.9	111.69	167.2
Separate Account Assets	9,394	8,813	8,566	9,257	8,457
Property, Plant & Equipment	2.73	13.91	14.68	16.81	21.04
Goodwill	24.99	24.95	24.47	-	-
Other Intangible Assets	58.75	61.51	60.57	28.51	27.98
Other Current Assets	14.82	13.83	9.78	6.3	5.38
Long-Term Deferred Tax Assets	92.28	89.44	89.62	-	-
Other Long-Term Assets	53.79	42.21	45.54	29.16	32.53
Total Assets	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	6,868	6,708	6,145	7,281	7,331
Reinsurance Payable	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	598.87	733.37	702.92	602.16	602.27
Long-Term Deferred Tax Liabilities	524.16	351.57	247.44	373.75	321.59
Separate Account Liability	9,394	8,813	8,566	9,257	8,457
Other Current Liabilities	16.87	16.87	12.78	13.14	8.52
Other Long-Term Liabilities	614.74	517.23	355.81	263.31	43.36
Total Liabilities	18,380	17,497	16,355	18,196	17,295
Preferred Stock, Convertible	300	300	300	300	300
Common Stock	62.35	62.35	64.06	66.66	66.79
Retained Earnings	8,017	6,729	5,949	6,853	6,051
Comprehensive Income & Other	89.84	68.92	48.3	96.09	100.56
Total Common Equity	8,169	6,860	6,062	7,016	6,218
Minority Interest	1,270	1,102	1,030	1,279	1,132
Shareholders' Equity	9,739	8,262	7,392	8,595	7,650
Total Liabilities & Equity	28,119	25,760	23,747	26,791	24,945
Filing Date Shares Outstanding	3.36	3.42	3.46	3.61	3.62
Total Common Shares Outstanding	3.36	3.42	3.46	3.61	3.62
Total Debt	598.87	733.37	702.92	602.16	602.27
Net Cash (Debt)	-225.46	-292.51	-399.97	33.94	-174.51
Net Cash Per Share	-61.89	-78.17	-112.60	8.49	-41.80
Book Value Per Share	2432.04	2003.53	1749.80	1944.14	1719.71
Tangible Book Value	8,085	6,773	5,977	6,987	6,190
Tangible Book Value Per Share	2407.11	1978.28	1725.25	1936.24	1711.97

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