Reported Earnings • May 17
First quarter 2026 earnings released: EPS: CA$0.09 (vs CA$0.24 in 1Q 2025) First quarter 2026 results: EPS: CA$0.09 (down from CA$0.24 in 1Q 2025). Revenue: CA$431.6m (down 17% from 1Q 2025). Net income: CA$30.9m (down 60% from 1Q 2025). Profit margin: 7.2% (down from 15% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year. Declared Dividend • May 15
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 30th June 2026 Payment date: 17th July 2026 Dividend yield will be 7.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 14
E-L Financial Corporation Limited announces Quarterly dividend, payable on July 17, 2026 E-L Financial Corporation Limited announced Quarterly dividend of CAD 0.0400 per share payable on July 17, 2026, ex-date on June 30, 2026 and record date on June 30, 2026. Live News • May 13
E-L Financial Reports Lower Q1 Net Income as Market Conditions Weigh on Empire Life E-L Financial reported net equity value per common share of $24.48 as at March 31, 2026, compared with both December 31, 2025 and March 31, 2025 levels.
Consolidated shareholders' net income for the three months ended March 31, 2026 was $32 million, compared with $86 million in the same period in 2025.
Empire Life, E-L Financial's insurance subsidiary, recorded a decline in net income driven by less favourable market-related impacts relative to the prior year period.
The results highlight how sensitive E-L Financial's earnings can be to market conditions, particularly through Empire Life's exposure to market-related items.
If you follow this stock, it is worth paying attention to how management describes market impacts and any commentary on volatility in future disclosures. Declared Dividend • Mar 15
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 31st March 2026 Payment date: 17th April 2026 Dividend yield will be 7.6%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: CA$3.62 (vs CA$4.60 in FY 2024) Full year 2025 results: EPS: CA$3.62 (down from CA$4.60 in FY 2024). Revenue: CA$3.20b (down 13% from FY 2024). Net income: CA$1.24b (down 20% from FY 2024). Profit margin: 39% (down from 42% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
E-L Financial Corporation Limited Announces Cash Dividend on Common Shares, Payable on April 17, 2026 E-L Financial Corporation Limited announced cash dividend of $0.04 per common share. Record Date is March 31, 2026. Payable on April 17, 2026. Upcoming Dividend • Feb 24
Upcoming dividend of CA$1.05 per share Eligible shareholders must have bought the stock before 03 March 2026. Payment date: 13 March 2026. Payout ratio is a comfortable 4.0% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (5.5%). Lower than average of industry peers (3.1%). Announcement • Feb 23
E-L Financial Corporation Limited, Annual General Meeting, May 12, 2026 E-L Financial Corporation Limited, Annual General Meeting, May 12, 2026. Declared Dividend • Jan 19
Dividend of CA$1.05 announced Shareholders will receive a dividend of CA$1.05. Ex-date: 3rd March 2026 Payment date: 13th March 2026 Dividend yield will be 6.5%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 16
E-L Financial Corporation Limited Announces Special Dividend, Payable on March 13, 2026 The Board of Directors of E-L Financial Corporation Limited declared a special cash dividend of $1.05 per Common Share payable on March 13, 2026 to shareholders of record on March 3, 2026. Upcoming Dividend • Dec 24
Upcoming dividend of CA$0.04 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 16 January 2026. Payout ratio is a comfortable 4.0% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (2.8%). Declared Dividend • Nov 13
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 31st December 2025 Payment date: 16th January 2026 Dividend yield will be 9.8%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (0.9765% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 11
E-L Financial Corporation Limited Announces Cash Dividend on Common Shares, Payable on January 16, 2026 E-L Financial Corporation Limited announced cash dividend of $0.04 per common share. Record Date is December 31, 2025. Payable Date is January 16, 2026. Upcoming Dividend • Sep 22
Upcoming dividend of CA$0.04 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 4.2% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (3.1%). Declared Dividend • Aug 11
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 29th September 2025 Payment date: 17th October 2025 Dividend yield will be 12%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 52% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 10
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CA$853.4m (up 19% from 2Q 2024). Net income: CA$369.1m (up 61% from 2Q 2024). Profit margin: 43% (up from 32% in 2Q 2024). Announcement • Aug 08
E-L Financial Corporation Limited Declares Cash Dividends on Common Shares, Payable October 17, 2025 The Board of Directors of E-L Financial Corporation Limited declared the following cash dividends: Common Shares for $0.04 per share. Record Date: September 29, 2025 and Payable Date: October 17, 2025. Upcoming Dividend • Jun 23
Upcoming dividend of CA$0.04 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 17 July 2025. Payout ratio is a comfortable 4.6% and this is well supported by cash flows. The company last paid an ordinary dividend in August 2014. The average dividend yield among industry peers is 3.2%. New Risk • Jun 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$57.5m (US$41.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Elizabeth Loach was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Declared Dividend • May 11
Dividend of CA$0.04 announced Shareholders will receive a dividend of CA$0.04. Ex-date: 30th June 2025 Payment date: 17th July 2025 Dividend yield will be 11%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: CA$24.35 (vs CA$163 in 1Q 2024) First quarter 2025 results: EPS: CA$24.35 (down from CA$163 in 1Q 2024). Revenue: CA$473.4m (down 58% from 1Q 2024). Net income: CA$86.4m (down 84% from 1Q 2024). Profit margin: 18% (down from 48% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • May 09
E-L Financial Corporation Limited announces Quarterly dividend, payable on July 17, 2025 E-L Financial Corporation Limited announced Quarterly dividend of CAD 0.0400 per share payable on July 17, 2025, ex-date on June 30, 2025 and record date on June 30, 2025. Declared Dividend • Mar 15
Dividend of CA$3.75 announced Shareholders will receive a dividend of CA$3.75. Ex-date: 31st March 2025 Payment date: 17th April 2025 Dividend yield will be 17%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (3% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: CA$460 (vs CA$266 in FY 2023) Full year 2024 results: EPS: CA$460 (up from CA$266 in FY 2023). Revenue: CA$3.47b (up 26% from FY 2023). Net income: CA$1.56b (up 70% from FY 2023). Profit margin: 45% (up from 33% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 07
E-L Financial Corporation Limited Declares Cash Dividend on Common Shares, Payable on April 17, 2025 E-L Financial Corporation Limited declared cash dividends Common Shares of $3.75 per share. Payable Date is April 17, 2025. Record Date is March 31, 2025. Upcoming Dividend • Feb 24
Upcoming dividend of CA$150 per share Eligible shareholders must have bought the stock before 03 March 2025. Payment date: 14 March 2025. Payout ratio is a comfortable 2.9% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (3.4%). Announcement • Feb 17
E-L Financial Corporation Limited, Annual General Meeting, May 07, 2025 E-L Financial Corporation Limited, Annual General Meeting, May 07, 2025. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CA$1,552, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 12x in the Insurance industry in Canada. Total returns to shareholders of 91% over the past three years. Announcement • Jan 16
E-L Financial Corporation Limited Declares Special Dividend, Payable on March 14, 2025 E-L Financial Corporation Limited declared a special dividend of $150.00 per common share. payable on March 14, 2025 to shareholders of record on March 3, 2025. Upcoming Dividend • Dec 25
Upcoming dividend of CA$3.75 per share Eligible shareholders must have bought the stock before 31 December 2024. Payment date: 17 January 2025. Payout ratio is a comfortable 2.9% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (3.2%). Declared Dividend • Nov 14
Dividend of CA$3.75 announced Shareholders will receive a dividend of CA$3.75. Ex-date: 31st December 2024 Payment date: 17th January 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.8%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 7%. Announcement • Nov 09
E-L Financial Corporation Limited Declares Quarterly Dividend, Payable on January 17, 2025 On November 8, 2024, the board of directors of E-L Financial Corporation Limited declared a quarterly dividend of $3.75 per common share payable on January 17, 2025, with a record date of December 31, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of CA$3.75 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 17 October 2024. Payout ratio is a comfortable 4.2% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (3.5%). Declared Dividend • Aug 12
Dividend of CA$3.75 announced Shareholders will receive a dividend of CA$3.75. Ex-date: 27th September 2024 Payment date: 17th October 2024 Dividend yield will be 5.8%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (2% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 49% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: CA$67.66 (vs CA$46.86 in 2Q 2023) Second quarter 2024 results: EPS: CA$67.66 (up from CA$46.86 in 2Q 2023). Revenue: CA$668.6m (up 5.4% from 2Q 2023). Net income: CA$233.8m (up 24% from 2Q 2023). Profit margin: 35% (up from 30% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Announcement • Aug 09
E-L Financial Corporation Limited Announces Common Shares Dividend, Payable on October 17, 2024 E-L Financial Corporation Limited declared cash dividends Common Shares of $3.75. Payable Date is October 17, 2024. Record Date is September 27, 2024. Upcoming Dividend • Jun 21
Upcoming dividend of CA$3.75 per share Eligible shareholders must have bought the stock before 28 June 2024. Payment date: 17 July 2024. Payout ratio is a comfortable 4.4% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (4.0%). Declared Dividend • May 14
Dividend of CA$3.75 announced Shareholders will receive a dividend of CA$3.75. Ex-date: 28th June 2024 Payment date: 17th July 2024 Dividend yield will be 6.9%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: CA$161 (vs CA$88.24 in 1Q 2023) First quarter 2024 results: EPS: CA$161 (up from CA$88.24 in 1Q 2023). Revenue: CA$1.07b (up 35% from 1Q 2023). Net income: CA$549.9m (up 83% from 1Q 2023). Profit margin: 51% (up from 38% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • May 09
E-L Financial Corporation Limited Declares Cash Dividends on Common Shares, Payable on July 17, 2024 The Board of Directors of E-L Financial Corporation Limited declared cash dividends on common shares of $3.75 per share. The dividend will be payable on July 17, 2024 with Record Date of June 28, 2024. Upcoming Dividend • May 06
Upcoming dividend of CA$60.00 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 5.6% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (3.8%). Announcement • Apr 20
E-L Financial Corporation Limited Declares Special Cash Dividend, Payable on June 14, 2024 The Board of Directors of E-L Financial Corporation Limited declared a special cash dividend of $60.00 per Common Share payable on June 14, 2024 to shareholders of record on May 14, 2024. Upcoming Dividend • Mar 20
Upcoming dividend of CA$3.75 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 17 April 2024. Payout ratio is a comfortable 5.6% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (3.8%). Declared Dividend • Mar 11
Fourth quarter dividend of CA$3.75 announced Dividend of CA$3.75 is the same as last year. Ex-date: 27th March 2024 Payment date: 17th April 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 133% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: CA$266 (vs CA$53.47 loss in FY 2022) Full year 2023 results: EPS: CA$266 (up from CA$53.47 loss in FY 2022). Net income: CA$933.2m (up CA$1.12b from FY 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Mar 08
E-L Financial Corporation Limited Declares Cash Dividend, Payable on April 17, 2024 The Board of Directors of E-L Financial Corporation Limited declared the common shares cash dividend of $3.75 per share. Record date is March 28, 2024; Payable date is April 17, 2024. Announcement • Feb 23
E-L Financial Corporation Limited, Annual General Meeting, May 08, 2024 E-L Financial Corporation Limited, Annual General Meeting, May 08, 2024. Upcoming Dividend • Dec 22
Upcoming dividend of CA$3.75 per share at 1.5% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 17 January 2024. Payout ratio is a comfortable 5.2% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (3.9%). Reported Earnings • Nov 13
Third quarter 2023 earnings released: CA$17.73 loss per share (vs CA$7.59 profit in 3Q 2022) Third quarter 2023 results: CA$17.73 loss per share (down from CA$7.59 profit in 3Q 2022). Revenue: CA$275.1m (down 24% from 3Q 2022). Net loss: CA$57.4m (down 286% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Nov 09
E-L Financial Corporation Limited (TSX:ELF) announces an Equity Buyback for CAD 100 million worth of its shares. E-L Financial Corporation Limited (TSX:ELF) announces a share repurchase program. Under the substantial course issuer bid, the company will repurchase up to CAD 100 million worth of its shares. The shares will be repurchased at a price of not less than CAD 900 per share and at a price of not more than CAD 1,050 per share. The purpose of the offer is to provide the shareholders with the opportunity to return up to CAD 100 million if they elect to tender while at the same time increasing the proportionate share ownership of shareholders who do not elect to tender. The repurchased shares will be cancelled. If the aggregate purchase price for shares validly tendered pursuant to auction tenders and purchase price tenders is greater than the amount available for auction tenders and purchase price tenders, the company will purchase shares from the shareholders who made purchase price tenders or tendered at or below the finally determined purchase price on a pro rata basis, except that “odd lot” holders (holders of less than 100 shares) will not be subject to proration. The offer is valid till December 15, 2023, unless withdrawn or extended. As of November 7, 2023, the company has 3,552,390 shares issued and outstanding. Announcement • Nov 08
E-L Financial Corporation Limited Declares Cash Dividend on Common Shares, Payable on January 17, 2024 E-L Financial Corporation Limited announced that the board of directors declared cash dividend of $3.75 per Common Shares, payable on January 17, 2024. Record date is December 29, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of CA$3.75 per share at 1.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 17 October 2023. Payout ratio is a comfortable 4.1% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (4.0%). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CA$52.07 (vs CA$145 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$52.07 (up from CA$145 loss in 2Q 2022). Net income: CA$184.1m (up CA$619.0m from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Aug 10
E-L Financial Corporation Limited Declares Cash Dividend on Common Share, Payable on October 17, 2023 E-L Financial Corporation Limited announced the Board of Directors declared cash dividend of $3.75 per Common Share, payable on October 17, 2023. Record date is September 29, 2023. Buying Opportunity • Jun 30
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CA$1,142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 44% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Jun 22
Upcoming dividend of CA$3.75 per share at 1.7% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (4.3%). Buying Opportunity • May 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.5%. The fair value is estimated to be CA$1,114, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 42% over the last 3 years. Meanwhile, the company has become profitable. Announcement • May 13
E-L Financial Corporation Limited Declares Cash Dividend on Common Share, Payable on July 17, 2023 E-L Financial Corporation Limited announced The Board of Directors declared cash dividend of $3.75 per Common Share, payable on July 17, 2023, Record date is June 30, 2023. Announcement • May 11
E-L Financial Corporation Limited Elects Elizabeth M. Loach as Director E-L Financial Corporation Limited at its Annual Meeting of Shareholders held on May 10, 2023, elected Elizabeth M. Loach as director. Upcoming Dividend • Mar 23
Upcoming dividend of CA$3.75 per share at 1.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 17 April 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Canadian dividend payers (6.0%). Lower than average of industry peers (4.4%). Reported Earnings • Mar 10
Full year 2022 earnings released: CA$53.47 loss per share (vs CA$315 profit in FY 2021) Full year 2022 results: CA$53.47 loss per share (down from CA$315 profit in FY 2021). Net loss: CA$174.4m (down 115% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jan 11
E-L Financial Corporation Limited announced that it expects to receive CAD 200 million in funding E-L Financial Corporation Limited announced a private placement of 5.503% unsecured convertible debentures for the gross proceeds of CAD 200 million on January 10, 2023. The debentures will mature on January,13, 2033, and will bear interest at a fixed annual rate of 5.503% for the first five years, payable semi-annually, and a variable rate equal to daily compounded CORRA determined for each interest period plus 2.26 per%, for the last five years, payable quarterly in arrears. The transaction is expected to close on January 13, 2023. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: CA$9.96 (vs CA$45.47 in 3Q 2021) Third quarter 2022 results: EPS: CA$9.96 (down from CA$45.47 in 3Q 2021). Net income: CA$39.4m (down 77% from 3Q 2021). Profit margin: 10% (down from 39% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Peter Levitt was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: CA$9.96 (vs CA$45.47 in 3Q 2021) Third quarter 2022 results: EPS: CA$9.96 (down from CA$45.47 in 3Q 2021). Net income: CA$39.4m (down 76% from 3Q 2021). Profit margin: 10% (down from 38% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Sep 21
Upcoming dividend of CA$2.50 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 17 October 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (5.7%). Lower than average of industry peers (4.4%). Reported Earnings • Aug 12
Second quarter 2022 earnings released: CA$124 loss per share (vs CA$65.47 profit in 2Q 2021) Second quarter 2022 results: CA$124 loss per share (down from CA$65.47 profit in 2Q 2021). Net loss: CA$443.0m (down 286% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of CA$2.50 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 8.3% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Canadian dividend payers (5.2%). Lower than average of industry peers (4.6%). Reported Earnings • May 13
First quarter 2022 earnings released: CA$66.52 loss per share (vs CA$128 profit in 1Q 2021) First quarter 2022 results: CA$66.52 loss per share (down from CA$128 profit in 1Q 2021). Revenue: -CA$829.2m (down 849% from 1Q 2021). Net loss: CA$239.9m (down 152% from profit in 1Q 2021). Profit margin: 29% (down from 417% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. Independent Director Stephen J. Smith was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of CA$27.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 2.8% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (4.7%). Lower than average of industry peers (4.0%). Reported Earnings • Mar 12
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: CA$2.48b (down 2.1% from FY 2020). Net income: CA$1.17b (up 141% from FY 2020). Profit margin: 47% (up from 19% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 25%. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 23
Upcoming dividend of CA$2.50 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 17 January 2022. Payout ratio is a comfortable 2.0% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (4.7%). Lower than average of industry peers (3.9%). Reported Earnings • Nov 12
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CA$436.9m (down 30% from 3Q 2020). Net income: CA$169.7m (down 14% from 3Q 2020). Profit margin: 39% (up from 32% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of CA$2.50 per share Eligible shareholders must have bought the stock before 28 September 2021. Payment date: 15 October 2021. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (4.5%). Lower than average of industry peers (3.6%). Upcoming Dividend • Sep 09
Upcoming dividend of CA$80.00 per share Eligible shareholders must have bought the stock before 13 September 2021. Payment date: 24 September 2021. Trailing yield: 1.0%. Lower than top quartile of Canadian dividend payers (4.6%). Lower than average of industry peers (3.6%). Reported Earnings • Aug 11
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CA$928.0m (down 45% from 2Q 2020). Net income: CA$240.6m (down 46% from 2Q 2020). Profit margin: 26% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of CA$2.50 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 16 July 2021. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (4.5%). Lower than average of industry peers (3.7%). Reported Earnings • May 13
First quarter 2021 earnings released First quarter 2021 results: Revenue: CA$110.7m (down 113% from 1Q 2020). Net income: CA$466.4m (up CA$1.13b from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming Dividend of CA$1.25 Per Share Will be paid on the 16th of April to those who are registered shareholders by the 30th of March. The trailing yield of 0.5% is below the top quartile of Canadian dividend payers (4.8%), and is lower than industry peers (3.9%). Reported Earnings • Mar 13
Full year 2020 earnings released: EPS CA$128 (vs CA$186 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$2.54b (down 13% from FY 2019). Net income: CA$484.1m (down 34% from FY 2019). Profit margin: 19% (down from 25% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 06
New 90-day high: CA$839 The company is up 16% from its price of CA$725 on 04 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 8.0% over the same period.