E L Finl Corporation (ELFIF) 642.0500 $ELFIF
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 June 30, 2013 Interim Financial Results
Marketwire - Fri Aug 09, 2:02PM CDT
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 June 30, 2013, consolidated net operating income(1) of $40.6 million or $9.34 per share(2) compared with $49.3 million or $11.52 per share in 2012. The $8.7 million decrease in net operating income in 2013 versus 2012 is attributable to a decrease in the general insurance operation's ("The Dominion" net operating income which reflects losses from the heavy flooding in Alberta in June 2013, in contrast with prior year reserve reductions in the second quarter of 2012. Partially offsetting the decrease, the life insurance operation's ("Empire Life" net operating income increased $19.0 million due to the favourable impact of long-term interest rate movements in 2013.
A.M. Best Comments on Travelers Companies, Inc.'s Acquisition of The Dominion of Canada General Insurance Company
Business Wire - Tue Jun 11, 1:48PM CDT
A.M. Best Co. has commented that the ratings of The Travelers Companies, Inc. (Travelers) (New York, NY) [NYSE: TRV] and its subsidiaries remain unchanged following its announcement that it has agreed to acquire The Dominion of Canada General Insurance Company (The Dominion) (Toronto, Canada), one of the largest property/casualty insurers in Canada, from E-L Financial Corporation Limited [TSX: ELF]. The Dominion and Travelers' Canadian operations will be integrated, and the combined organization will remain headquartered in Toronto.
Travelers to Acquire The Dominion of Canada General Insurance Company
Business Wire - Mon Jun 10, 8:00AM CDT
The Travelers Companies, Inc. (NYSE: TRV) today announced that it has agreed to acquire The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited (TSX: ELF) for approximately $1.1 billion in cash, subject to adjustment. The Dominion and Travelers' Canadian operations will be integrated and the combined organization will remain headquartered in Toronto.
IIROC Trade Halt - E-L Financial Corporation Limited
Newsfile Corp - Mon Jun 10, 7:35AM CDT
The following issues have been halted by IIROC:
E-L Financial Corporation Limited Announces Outcome of Director Elections
Marketwire - Wed May 15, 11:13AM CDT
E-L Financial Corporation Limited (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) reports the following voting results for the election of directors at its Annual Meeting of Shareholders held on May 10, 2013:
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 June 30, 2013 Interim Financial Results
Marketwire - Fri Aug 09, 2:02PM CDT
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 June 30, 2013, consolidated net operating income(1) of $40.6 million or $9.34 per share(2) compared with $49.3 million or $11.52 per share in 2012. The $8.7 million decrease in net operating income in 2013 versus 2012 is attributable to a decrease in the general insurance operation's ("The Dominion" net operating income which reflects losses from the heavy flooding in Alberta in June 2013, in contrast with prior year reserve reductions in the second quarter of 2012. Partially offsetting the decrease, the life insurance operation's ("Empire Life" net operating income increased $19.0 million due to the favourable impact of long-term interest rate movements in 2013. A.M. Best Comments on Travelers Companies, Inc.'s Acquisition of The Dominion of Canada General Insurance Company
Business Wire - Tue Jun 11, 1:48PM CDT
A.M. Best Co. has commented that the ratings of The Travelers Companies, Inc. (Travelers) (New York, NY) [NYSE: TRV] and its subsidiaries remain unchanged following its announcement that it has agreed to acquire The Dominion of Canada General Insurance Company (The Dominion) (Toronto, Canada), one of the largest property/casualty insurers in Canada, from E-L Financial Corporation Limited [TSX: ELF]. The Dominion and Travelers' Canadian operations will be integrated, and the combined organization will remain headquartered in Toronto.
Travelers to Acquire The Dominion of Canada General Insurance Company
Business Wire - Mon Jun 10, 8:00AM CDT
The Travelers Companies, Inc. (NYSE: TRV) today announced that it has agreed to acquire The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited (TSX: ELF) for approximately $1.1 billion in cash, subject to adjustment. The Dominion and Travelers' Canadian operations will be integrated and the combined organization will remain headquartered in Toronto.
IIROC Trade Halt - E-L Financial Corporation Limited
Newsfile Corp - Mon Jun 10, 7:35AM CDT
The following issues have been halted by IIROC:
E-L Financial Corporation Limited Announces Outcome of Director Elections
Marketwire - Wed May 15, 11:13AM CDT
E-L Financial Corporation Limited (TSX: ELF)(TSX: ELF.PR.F)(TSX: ELF.PR.G)(TSX: ELF.PR.H) reports the following voting results for the election of directors at its Annual Meeting of Shareholders held on May 10, 2013:
