E-L FINANCIAL CORPORATION LIMITED ANNOUNCES JUNE 30, 2025 FINANCIAL RESULTS

Executive Summary

• E-L Financial Corporation reported second-quarter 2025 net income of $365 million ($1.07 per share), a significant increase from $232 million ($0.681 per share) in the same period of 2024.
• Year-to-date net income for the first six months of 2025 was $451 million ($1.32 per share), down from $779 million ($2.291 per share) in 2024, primarily due to lower investment gains in E-L Corporate.
• The company reported a net equity value per common share of $23.29 as of June 30, 2025, reflecting a 0.3% decrease from December 31, 2024, and a 9.7% increase from June 30, 2024.

Key Details

• Consolidated Net Income (Q2 2025): $365 million ($1.07 per common share) vs. $232 million ($0.681 per common share) in Q2 2024.
• Consolidated Net Income (YTD 2025): $451 million ($1.32 per common share) vs. $779 million ($2.291 per common share) for the first six months of 2024.
• Net Equity Value: $23.29 per common share as of June 30, 2025 (down 0.3% from $23.361 at Dec 31, 2024; up 9.7% from $21.241 at June 30, 2024).
• E-L Corporate Performance (Q2 2025): Net income of $333 million (vs. $197 million in 2024), driven by a net gain on investments of $373 million (vs. $214 million in 2024). Pre-tax total return including dividends was 6% (vs. 4% in prior year).
• E-L Corporate Performance (YTD 2025): Net income of $349 million (vs. $692 million in 2024), driven by a lower net gain on investments of $303 million (vs. $843 million in 2024). Pre-tax total return including dividends was 7% (vs. 16% in prior year).
• Empire Life Performance (Q2 2025): Net income of $32 million (vs. $35 million in 2024). Decrease driven by lower net investment/insurance finance results and fee income, offset by improved net insurance service results.
• Empire Life Performance (YTD 2025): Net income of $102 million (vs. $87 million in 2024). Increase driven by improved net insurance service results and net investment/insurance finance results.
• Empire Life Capital Adequacy: Life Insurance Capital Adequacy Test total ratio was 142% at June 30, 2025 (vs. 151% at Dec 31, 2024), remaining well above regulatory requirements.
• Share Split: A 100-for-1 share split was approved on May 7, 2025, with a record date of May 23, 2025, and payment date of May 30, 2025. All share numbers and per-share amounts in the release are adjusted retroactively.
• Empire Life Assets: Total assets under management were $20 billion as of June 30, 2025.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.