E-L Financial Corporation Limited (TSX:ELF)

E-L Financial Corporation Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	-	7,942	7,963	7,456	6,745	8,149
Investments in Equity & Preferred Securities	725.58	10,397	9,645	8,318	7,285	8,283
Policy Loans	-	87.66	62.92	47.17	50.04	109.73
Other Investments	18,717	0.44	0.84	4.96	9.03	5
Total Investments	19,443	18,494	17,751	15,925	14,203	16,705
Cash & Equivalents	513.3	564.4	373.41	440.86	302.95	636.1
Reinsurance Recoverable	327.09	326.63	296.07	281.36	310.04	-
Other Receivables	-	111.29	57.3	53.87	120.9	111.69
Separate Account Assets	10,911	10,148	9,394	8,813	8,566	9,257
Property, Plant & Equipment	-	0.86	2.73	13.91	14.68	16.81
Goodwill	-	38.89	24.99	24.95	24.47	-
Other Intangible Assets	-	78.49	58.75	61.51	60.57	28.51
Other Current Assets	-	15.28	14.82	13.83	9.78	6.3
Long-Term Deferred Tax Assets	88.95	85	92.28	89.44	89.62	-
Other Long-Term Assets	375.38	98.77	53.79	42.21	45.54	29.16
Total Assets	31,659	29,961	28,119	25,760	23,747	26,791

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	-	167.72	82.59	83.88	107.92	73.33
Insurance & Annuity Liabilities	6,639	6,828	6,868	6,708	6,145	7,281
Reinsurance Payable	236.31	248.53	213.85	253.23	217.06	253.33
Current Income Taxes Payable	-	19.62	67.03	19.94	-	52.72
Long-Term Debt	648.77	599.57	598.87	733.37	702.92	602.16
Long-Term Deferred Tax Liabilities	728.97	616.43	524.16	351.57	247.44	373.75
Separate Account Liability	10,911	10,148	9,394	8,813	8,566	9,257
Other Current Liabilities	17.71	17.73	16.87	16.87	12.78	13.14
Other Long-Term Liabilities	967.49	667.24	614.74	517.23	355.81	263.31
Total Liabilities	20,150	19,313	18,380	17,497	16,355	18,196

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Preferred Stock, Convertible	-	300	300	300	300	300
Common Stock	362.23	62.34	62.35	62.35	64.06	66.66
Retained Earnings	9,477	8,660	8,017	6,729	5,949	6,853
Comprehensive Income & Other	115.83	102.99	89.84	68.92	48.3	96.09
Total Common Equity	9,955	8,825	8,169	6,860	6,062	7,016
Minority Interest	1,554	1,523	1,270	1,102	1,030	1,279
Shareholders' Equity	11,509	10,648	9,739	8,262	7,392	8,595
Total Liabilities & Equity	31,659	29,961	28,119	25,760	23,747	26,791

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	344.04	346.1	346.17	342.39	346.41	360.84
Total Common Shares Outstanding	344.04	346.1	346.17	342.39	346.41	360.84
Total Debt	648.77	599.57	598.87	733.37	702.92	602.16
Net Cash (Debt)	-135.47	-35.17	-225.46	-292.51	-399.97	33.94
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.38	-0.10	-0.62	-0.78	-1.13	0.08
Book Value Per Share	28.93	25.50	23.60	20.04	17.50	19.44
Tangible Book Value	9,955	8,708	8,085	6,773	5,977	6,987
Tangible Book Value Per Share	28.93	25.16	23.36	19.78	17.25	19.36

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 13, 2026

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