Below are the financial statements of E-L Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CAD | 2024 | 2023 |
|---|---|---|
| Insurance service result | — | — |
| Insurance revenue | 1,405.29a | 1,325.51a |
| Insurance service expenses | -1,187.04a | -1,071.55a |
| Net expense from reinsurance contracts held | -42.66a | -72.64a |
| Net insurance service result | 175.59a | 181.32a |
| Investment and insurance finance result | — | — |
| Investment income, excluding segregated fund account balances | 518.34a | 816.79a |
| Change in investment contracts, excluding segregated fund account balances | -29.27a | -28.17a |
| Insurance finance expense from insurance contracts, excluding segregated fund account balances | -216.19a | -613.39a |
| Insurance finance income (expense) from reinsurance contracts held | 32.94a | -39.5a |
| Investment income related to segregated fund account balances | 1,119.71a | 735.83a |
| Insurance finance expense related to segregated fund account balances | -1,119.71a | -735.83a |
| Net investment and insurance finance result | 305.82a | 135.72a |
| Net insurance result | 481.41a | 317.05a |
| Investment and other income | 205.76a | 171.99a |
| Share of income (loss) of associates and joint venture | 81.18a | -7.47a |
| Fair value change in fair value through profit or loss investments | 1,469.83a | 947.57a |
| Non-insurance investment income | 1,756.77a | 1,112.09a |
| Expenses | — | — |
| Operating | -143.87a | -128.76a |
| Interest expense | -25.36a | -25.92a |
| Income before income taxes | 2,068.95a | 1,274.45a |
| Income taxes | -317.51a | -179.36a |
| Net income | 1,751.44a | 1,095.09a |
| Less: net income attributable to the participating account | 6.99a | 22.1a |
| Non-controlling interests in net income | 181.41a | 139.81a |
| E-L Financial shareholders' net income | 1,563.04a | 933.18a |
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