Latest E L Finl Corporation (ELFIF) Headlines
Empire Life Chief Executive Officer to Step Down May 30, 2014
Marketwire - Wed Mar 05, 3:16PM CST
Duncan Jackman, Chairman, Chief Executive Officer and President of E-L Financial Corporation Limited ("E-L") (TSX: ELF) (TSX: ELF.PR.F) (TSX: ELF.PR.G) (TSX: ELF.PR.H) and Chairman of the Board of Directors of The Empire Life Insurance Company (Empire Life) today announced that Leslie C. (Les) Herr will be leaving his position as President and Chief Executive Officer of Empire Life effective May 30, 2014.
E-L Financial Corporation Limited Announces Dividends
Marketwire - Tue Mar 04, 1:47PM CST
The Board of Directors of E-L Financial Corporation Limited (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) today declared the following cash dividends:
E-L Financial Corporation Limited Announces December 31, 2013 Year End Financial Results
Marketwire - Tue Mar 04, 1:35PM CST
E-L Financial Corporation Limited ("E-L Financial") (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) today reported for the year ended December 31, 2013, consolidated net operating income from continuing operations(1) of $140.6 million or $31.84 per share(2) in 2013 compared with $71.4 million or $14.53 per share in 2012. The $69.2 million increase in net operating income in 2013 versus 2012 is mainly attributable to the $44.5 million increase in life insurance operation's ("Empire Life's") net operating income resulting primarily from the Individual Insurance product line. The increase is due mainly to the favourable impact of long-term interest rate movements and stock market movements in 2013. E-L Corporate's net operating income increased $24.6 million principally due to the recovery of refundable dividend taxes resulting from the $301.5 million payment of the special dividend to Common shareholders.
E-L Financial Corporation Limited Announces Acquisition of Common Shares of United Corporations Limited
Marketwire - Fri Nov 15, 11:55AM CST
E-L Financial Corporation Limited ("E-L") (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) announces that it acquired a further 6,400 Common Shares of United Corporations Limited ("United"), increasing its ownership from 6,259,259 (51.33%) of the Common Shares to 6,265,659 (51.38%) of the Common Shares. E-L has an informal understanding with other shareholders of United under which they act in concert with respect to the voting of securities of United held by them. The purchase increases the ownership of E-L and these other shareholders from 9,002,901 (73.83%) of the Common Shares to 9,009,301 (73.88%) of the Common Shares. The purchase was effected through the facilities of the Toronto Stock Exchange for consideration of $70.62 per share. The purchase, and E-L's holding of Common Shares of United, are for investment purposes only. E-L may purchase further Common Shares from time to time, if in its judgment the shares represent a good investment in view of their price. E-L is relying on the exemption from the formal bid requirements set forth in section 100 of the Securities Act (Ontario). The normal course purchase exemption is available as E-L's purchase of 6,400 Common Shares (together with other purchases by E-L, and the other shareholders with which E-L acts in concert, in the preceding 12 months) did not exceed 5% of the outstanding Common Shares of United; there is an established market for the Common Shares; and, the value of the consideration paid for the Common Shares will not exceed the market price, plus reasonable brokerage fees or commissions actually paid.
IIROC Trade Resumption - E-L Financial Corporation Limited
Newsfile Corp - Thu Nov 07, 7:20AM CST
Trading resumes in:
E-L Financial Corporation Limited Announces September 30, 2013 Interim Financial Results
Marketwire - Wed Nov 06, 3:07PM CST
E-L Financial Corporation Limited ("E-L Financial") (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) today reported for the quarter ended September 30, 2013, consolidated net operating income(1) of $4.0 million or $0.03 per share(2) compared with $11.9 million or $2.05 per share in 2012. The $7.9 million decrease in net operating income in 2013 versus 2012 is attributable to a decrease in the general insurance operation's ("The Dominion's") net operating income which mainly reflects large personal property losses during the third quarter of 2013, in contrast with favourable prior year claims development recorded in 2012. Partially offsetting the decrease, the life insurance operation's ("Empire Life's") net operating income increased $11.9 million due primarily to the favourable impact of stock market movements in 2013 and long-term interest rate movements relating to the Individual Insurance product line.
IIROC Trade Halt - E-L Financial Corporation Limited
Newsfile Corp - Wed Nov 06, 3:05PM CST
The following issues have been halted by IIROC:
Travelers acquires Dominion of Canada General Insurance Company in Canada
M2 - Mon Nov 04, 3:40AM CST
A provider of property casualty insurance, the Travelers Companies Inc (NYSE:TRV) closed its acquisition of the Dominion of Canada General Insurance Company from E-L Financial Corporation Limited (TSX:ELF), it disclosed on Friday.
Travelers Completes Acquisition of The Dominion
Business Wire - Fri Nov 01, 4:20PM CDT
The Travelers Companies, Inc. (NYSE: TRV) today announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited (TSX: ELF). The combined organization, which will be referred to as Travelers Canada, will remain headquartered in Toronto.
E-L Financial Corporation Limited Announces the Closing of the Sale of The Dominion of Canada General Insurance Company to Travelers
Marketwire - Fri Nov 01, 3:47PM CDT
E-L Financial Corporation Limited (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) today announced that it has completed the previously-announced sale of its wholly-owned subsidiary The Dominion of Canada General Insurance Company to The Travelers Companies, Inc. (NYSE: TRV) for $1.07 billion in cash, subject to certain post-closing adjustments. E-L Financial plans to allocate the proceeds of the sale to a range of investment opportunities, including global equities.
Empire Life Chief Executive Officer to Step Down May 30, 2014
Marketwire - Wed Mar 05, 3:16PM CST
Duncan Jackman, Chairman, Chief Executive Officer and President of E-L Financial Corporation Limited ("E-L") (TSX: ELF) (TSX: ELF.PR.F) (TSX: ELF.PR.G) (TSX: ELF.PR.H) and Chairman of the Board of Directors of The Empire Life Insurance Company (Empire Life) today announced that Leslie C. (Les) Herr will be leaving his position as President and Chief Executive Officer of Empire Life effective May 30, 2014.
E-L Financial Corporation Limited Announces Dividends
Marketwire - Tue Mar 04, 1:47PM CST
The Board of Directors of E-L Financial Corporation Limited (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) today declared the following cash dividends:
E-L Financial Corporation Limited Announces December 31, 2013 Year End Financial Results
Marketwire - Tue Mar 04, 1:35PM CST
E-L Financial Corporation Limited ("E-L Financial") (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) today reported for the year ended December 31, 2013, consolidated net operating income from continuing operations(1) of $140.6 million or $31.84 per share(2) in 2013 compared with $71.4 million or $14.53 per share in 2012. The $69.2 million increase in net operating income in 2013 versus 2012 is mainly attributable to the $44.5 million increase in life insurance operation's ("Empire Life's") net operating income resulting primarily from the Individual Insurance product line. The increase is due mainly to the favourable impact of long-term interest rate movements and stock market movements in 2013. E-L Corporate's net operating income increased $24.6 million principally due to the recovery of refundable dividend taxes resulting from the $301.5 million payment of the special dividend to Common shareholders.
E-L Financial Corporation Limited Announces Acquisition of Common Shares of United Corporations Limited
Marketwire - Fri Nov 15, 11:55AM CST
E-L Financial Corporation Limited ("E-L") (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) announces that it acquired a further 6,400 Common Shares of United Corporations Limited ("United"), increasing its ownership from 6,259,259 (51.33%) of the Common Shares to 6,265,659 (51.38%) of the Common Shares. E-L has an informal understanding with other shareholders of United under which they act in concert with respect to the voting of securities of United held by them. The purchase increases the ownership of E-L and these other shareholders from 9,002,901 (73.83%) of the Common Shares to 9,009,301 (73.88%) of the Common Shares. The purchase was effected through the facilities of the Toronto Stock Exchange for consideration of $70.62 per share. The purchase, and E-L's holding of Common Shares of United, are for investment purposes only. E-L may purchase further Common Shares from time to time, if in its judgment the shares represent a good investment in view of their price. E-L is relying on the exemption from the formal bid requirements set forth in section 100 of the Securities Act (Ontario). The normal course purchase exemption is available as E-L's purchase of 6,400 Common Shares (together with other purchases by E-L, and the other shareholders with which E-L acts in concert, in the preceding 12 months) did not exceed 5% of the outstanding Common Shares of United; there is an established market for the Common Shares; and, the value of the consideration paid for the Common Shares will not exceed the market price, plus reasonable brokerage fees or commissions actually paid.
IIROC Trade Resumption - E-L Financial Corporation Limited
Newsfile Corp - Thu Nov 07, 7:20AM CST
Trading resumes in:
E-L Financial Corporation Limited Announces September 30, 2013 Interim Financial Results
Marketwire - Wed Nov 06, 3:07PM CST
E-L Financial Corporation Limited ("E-L Financial") (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) today reported for the quarter ended September 30, 2013, consolidated net operating income(1) of $4.0 million or $0.03 per share(2) compared with $11.9 million or $2.05 per share in 2012. The $7.9 million decrease in net operating income in 2013 versus 2012 is attributable to a decrease in the general insurance operation's ("The Dominion's") net operating income which mainly reflects large personal property losses during the third quarter of 2013, in contrast with favourable prior year claims development recorded in 2012. Partially offsetting the decrease, the life insurance operation's ("Empire Life's") net operating income increased $11.9 million due primarily to the favourable impact of stock market movements in 2013 and long-term interest rate movements relating to the Individual Insurance product line.
IIROC Trade Halt - E-L Financial Corporation Limited
Newsfile Corp - Wed Nov 06, 3:05PM CST
The following issues have been halted by IIROC:
Travelers acquires Dominion of Canada General Insurance Company in Canada
M2 - Mon Nov 04, 3:40AM CST
A provider of property casualty insurance, the Travelers Companies Inc (NYSE:TRV) closed its acquisition of the Dominion of Canada General Insurance Company from E-L Financial Corporation Limited (TSX:ELF), it disclosed on Friday.
Travelers Completes Acquisition of The Dominion
Business Wire - Fri Nov 01, 4:20PM CDT
The Travelers Companies, Inc. (NYSE: TRV) today announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited (TSX: ELF). The combined organization, which will be referred to as Travelers Canada, will remain headquartered in Toronto.
E-L Financial Corporation Limited Announces the Closing of the Sale of The Dominion of Canada General Insurance Company to Travelers
Marketwire - Fri Nov 01, 3:47PM CDT
E-L Financial Corporation Limited (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) today announced that it has completed the previously-announced sale of its wholly-owned subsidiary The Dominion of Canada General Insurance Company to The Travelers Companies, Inc. (NYSE: TRV) for $1.07 billion in cash, subject to certain post-closing adjustments. E-L Financial plans to allocate the proceeds of the sale to a range of investment opportunities, including global equities.
