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Earnings

E-L FINANCIAL CORPORATION LIMITED ANNOUNCES DECEMBER 31, 2025 FINANCIAL RESULTS

By The Northwire Desk — AI Analysis Mar 05, 2026 · 16:05 ELF · 16.13 E-L FINANCIAL CORP. LTD.
ELF · Price

Executive Summary

  • E‑L Financial reported FY 2025 consolidated net income of $1,234 M ($3.62 per share), down 21% YoY from $1,563 M.
  • Net equity value per common share rose 9% to $25.45 as of Dec 31 2025, reflecting a compounded 11.1% annual growth over ten years.
  • The Board declared a quarterly dividend of $0.04 per share (payable Apr 17 2026) and highlighted mixed performance across its two segments: E‑L Corporate’s investment returns slowed, while Empire Life’s life‑insurance capital adequacy remained strong.

Key Details

  • Net Equity Value: $25.45 per common share (↑9% YoY; ↑2% vs. Q3 2025).
  • Consolidated Net Income FY 2025: $1,234 M ($3.62/share) vs. $1,563 M ($4.60/share) in 2024.
  • Q4 2025 Consolidated Net Income: $213 M ($0.62/share) vs. $287 M ($0.84/share) in Q4 2024.

Segment – E‑L Corporate

  • FY 2025 net income: $1,034 M (down from $1,284 M).
  • Pre‑tax total return on global investment portfolio: 19% (down from 26%).
  • Q4 2025 net income: $208 M (down from $271 M).
  • Pre‑tax total return for Q4 2025: 3% (down from 4%).

Segment – Empire Life

  • FY 2025 net income: $200 M (down from $279 M).
  • Primary drivers of decline: lower net investment/insurance finance results, higher non‑insurance expenses (info systems, workforce).
  • Q4 2025 net income: $5 M (down from $16 M).
  • Life Insurance Capital Adequacy Test ratio: 153% at Dec 31 2025 (up from 151% in 2024).

Dividend

  • Quarterly dividend declared: $0.04 per common share, payable Apr 17 2026; record date Mar 31 2026.

Non‑GAAP Measures

  • Net equity value per share adjusts shareholders’ equity for fair‑value associates and dividends.
  • Assets under management for Empire Life: $21 B as of Dec 31 2025.

Notable Quotes

“E‑L Financial achieved outstanding financial results in 2025… In recognition of this tremendous calendar‑year performance, E‑L Financial declared a special dividend in early 2026,” – Duncan N.R. Jackman, Chairman, President & CEO.

Read the original news release →

More from E-L FINANCIAL CORP. LTD.

May 12, 2026 · 11:00

E‑L Financial’s Empire Life crumbles under market headwinds, dragging Q1 profit to a shadow of last year’s

Earnings Nov 10, 2025 · 17:00

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

Earnings