E L Finl Corporation (ELFIF) 534.0400 $ELFIF
E-L Financial Corporation Limited Announces Dividends
Marketwire Canada - Fri Aug 05, 1:40PM CDT
TORONTO, ONTARIO--(Marketwired - Aug 5, 2016) - The Board of Directors of E-L Financial Corporation Limited (TSX:ELF)(TSX:ELF.PR.F)(TSX:ELF.PR.G)(TSX:ELF.PR.H) declared the following cash dividends:
ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-F.TO: 25.08 (-0.11), ELF-PR-H.TO: 25.68 (-0.02)
E-L Financial Corporation Limited Announces June 30, 2016 Interim Financial Results
Marketwired - Fri Aug 05, 1:34PM CDT
TORONTO, ONTARIO--(Marketwired - Aug 5, 2016) - 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, 2016, consolidated shareholders' net income of $103.2 million or $25.28 per share compared with net $36.6 million or $8.33 per share in 2015. For the six months ended June 30, 2016, E-L Financial earned consolidated shareholders' net income of $41.8 million or $8.67 per share compared with $298.7 million or $74.08 per share in 2015.
ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-F.TO: 25.08 (-0.11), ELF-PR-H.TO: 25.68 (-0.02)
Dominion and Anglo Investment Corporation Limited Announces Acquisition of Common Shares of E-L Financial Corporation Limited
Marketwired - Fri Jun 03, 8:17AM CDT
TORONTO, ONTARIO--(Marketwired - Jun 3, 2016) - Dominion and Anglo Investment Corporation Limited ("Dominion and Anglo" announces that it acquired a further 5,670 Common Shares of E-L Financial Corporation Limited ("E-L Financial" on June 2, 2016, increasing its ownership from 1,378,323 (34.29%) of the Common Shares to 1,383,993 (34.43%) of the Common Shares. Dominion and Anglo has an informal understanding with other shareholders of E-L Financial under which they act jointly or in concert with respect to the voting of securities of E-L Financial held by them. The purchase increases the ownership of Dominion and Anglo and these other shareholders from 2,906,739 (72.31%) of the Common Shares to 2,912,409 (72.45%) of the Common Shares. The purchase was effected through the facilities of the Toronto Stock Exchange for consideration of $695.00 per share, or $3,940,650.00 for the 5,670 Common Shares. The purchase, and Dominion and Anglo's holding of Common Shares of E-L Financial, are for investment purposes only. Dominion and Anglo may purchase further Common Shares from time to time, if in its judgment the shares represent a good investment in view of their price. Dominion and Anglo is relying on the exemption from the formal bid requirements set forth in section 4.1 of National Instrument 62-104 Take-Over Bids and Issuer Bids ("NI-104" of the Canadian Securities Administrators. The normal course purchase exemption is available as Dominion and Anglo's purchase of 5,670 Common Shares (together with any other purchases in the preceding 12 months made by Dominion and Anglo and any person acting jointly or in concert with Dominion and Anglo) did not exceed 5% of the outstanding Common Shares; the Common Shares are listed on the Toronto Stock Exchange; and, the value of the consideration paid for the Common Shares did not exceed the market price (as defined in NI 62-104), plus reasonable brokerage fees or commissions actually paid.
A.M. Best Affirms Ratings of The Empire Life Insurance Company
BusinessWire - Fri May 27, 1:11PM CDT
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of The Empire Life Insurance Company (Empire Life) (Kingston, Ontario, Canada). Concurrently, A.M. Best has affirmed the issue rating of "bbb+" on the CAD 300 million 2.87% subordinated unsecured fixed/floating debentures of Empire Life due May 31, 2023. Additionally, A.M. Best has affirmed the issue rating of "bbb" on the CAD 149.5 million non-cumulative rate reset Series 1 preferred shares. The outlook for each rating is stable. Empire Life is a subsidiary of E-L Financial Corporation Limited (E-L Financial), which operates as a publicly traded Canadian investment and insurance holding company.
E-L Financial Corporation Limited Announces Outcome of Director Elections
Marketwire Canada - Wed May 11, 2:24PM CDT
TORONTO, ONTARIO--(Marketwired - May 11, 2016) - 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 11, 2016:
ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-F.TO: 25.08 (-0.11), ELF-PR-H.TO: 25.68 (-0.02)
E-L Financial Corporation Limited Announces March 31, 2016 Interim Financial Results
Marketwire Canada - Wed May 11, 10:22AM CDT
TORONTO, ONTARIO--(Marketwired - May 11, 2016) - 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 March 31, 2016, consolidated shareholders' net loss of $61.4 million or $16.62 net loss per share compared with net income of $262.1 million or $65.75 per share in 2015.
ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-F.TO: 25.08 (-0.11), ELF-PR-H.TO: 25.68 (-0.02)
Empire Life Announces Retirement of CFO, Gary McCabe
Marketwired - Mon Apr 04, 4:01PM CDT
The Empire Life Insurance Company (TSX: EML.PR.A) announced today the retirement of Gary McCabe, CPA, CA, Senior Vice-President and Chief Financial Officer, effective April 30, 2016. Scott Ewert, CPA, CA, Vice-President and Chief Financial Officer of E-L Financial Corporation Limited, will assume the position of interim CFO.
EML-PR-A.TO: 26.37 (+0.04)
E-L Financial Solidifies Long-term Interest in Empire Life
Marketwired - Fri Dec 11, 11:13AM CST
E-L Financial Corporation Limited (E-L Financial) (TSX: ELF) (TSX: ELF.PR.F) (TSX: ELF.PR.G) (TSX: ELF.PR.H) has agreed to purchase Guardian Assurance Limited's (Guardian) 19% share of holding company E-L Financial Services Limited (ELFS). As a result of this agreement, E-L Financial will own 100% of ELFS, which owns 98.3% of The Empire Life Insurance Company (Empire Life).
ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-H.TO: 25.68 (-0.02)
E-L Financial Corporation Limited Announces September 30, 2015 Interim Financial Results
Marketwired - Tue Nov 10, 12:01PM 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, 2015, consolidated shareholder net income of $28.2 million or $6.20 per share compared with $70.6 million or $17.00 per share in 2014. The $42.4 million decrease in net income is mainly due to E-L Corporate's net loss on investments for the third quarter of 2015 compared to net gain on investments for the third quarter of 2014. E-L Corporate's net income decreased $41.0 million during the third quarter of 2015 mainly due to a net loss on investments of $4.1 million compared to net gains on investments of $46.3 million in the prior year. Empire Life's net income decreased $1.4 million compared to the prior year primarily due to experience losses in the Individual Insurance product line including a $5.7 million loss from strengthening asset default reserves due to a ratings agency downgrade of Province of Ontario issued debt.
ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-H.TO: 25.68 (-0.02)
E-L Financial Corporation Limited Announces Dividends
Marketwire Canada - Fri Aug 05, 1:40PM CDT
TORONTO, ONTARIO--(Marketwired - Aug 5, 2016) - The Board of Directors of E-L Financial Corporation Limited (TSX:ELF)(TSX:ELF.PR.F)(TSX:ELF.PR.G)(TSX:ELF.PR.H) declared the following cash dividends:
ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-F.TO: 25.08 (-0.11), ELF-PR-H.TO: 25.68 (-0.02)
E-L Financial Corporation Limited Announces June 30, 2016 Interim Financial Results
Marketwired - Fri Aug 05, 1:34PM CDT
TORONTO, ONTARIO--(Marketwired - Aug 5, 2016) - 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, 2016, consolidated shareholders' net income of $103.2 million or $25.28 per share compared with net $36.6 million or $8.33 per share in 2015. For the six months ended June 30, 2016, E-L Financial earned consolidated shareholders' net income of $41.8 million or $8.67 per share compared with $298.7 million or $74.08 per share in 2015. ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-F.TO: 25.08 (-0.11), ELF-PR-H.TO: 25.68 (-0.02)
Dominion and Anglo Investment Corporation Limited Announces Acquisition of Common Shares of E-L Financial Corporation Limited
Marketwired - Fri Jun 03, 8:17AM CDT
TORONTO, ONTARIO--(Marketwired - Jun 3, 2016) - Dominion and Anglo Investment Corporation Limited ("Dominion and Anglo"
announces that it acquired a further 5,670 Common Shares of E-L Financial Corporation Limited ("E-L Financial" on June 2, 2016, increasing its ownership from 1,378,323 (34.29%) of the Common Shares to 1,383,993 (34.43%) of the Common Shares. Dominion and Anglo has an informal understanding with other shareholders of E-L Financial under which they act jointly or in concert with respect to the voting of securities of E-L Financial held by them. The purchase increases the ownership of Dominion and Anglo and these other shareholders from 2,906,739 (72.31%) of the Common Shares to 2,912,409 (72.45%) of the Common Shares. The purchase was effected through the facilities of the Toronto Stock Exchange for consideration of $695.00 per share, or $3,940,650.00 for the 5,670 Common Shares. The purchase, and Dominion and Anglo's holding of Common Shares of E-L Financial, are for investment purposes only. Dominion and Anglo may purchase further Common Shares from time to time, if in its judgment the shares represent a good investment in view of their price. Dominion and Anglo is relying on the exemption from the formal bid requirements set forth in section 4.1 of National Instrument 62-104 Take-Over Bids and Issuer Bids ("NI-104" of the Canadian Securities Administrators. The normal course purchase exemption is available as Dominion and Anglo's purchase of 5,670 Common Shares (together with any other purchases in the preceding 12 months made by Dominion and Anglo and any person acting jointly or in concert with Dominion and Anglo) did not exceed 5% of the outstanding Common Shares; the Common Shares are listed on the Toronto Stock Exchange; and, the value of the consideration paid for the Common Shares did not exceed the market price (as defined in NI 62-104), plus reasonable brokerage fees or commissions actually paid. A.M. Best Affirms Ratings of The Empire Life Insurance Company
BusinessWire - Fri May 27, 1:11PM CDT
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of The Empire Life Insurance Company (Empire Life) (Kingston, Ontario, Canada). Concurrently, A.M. Best has affirmed the issue rating of "bbb+" on the CAD 300 million 2.87% subordinated unsecured fixed/floating debentures of Empire Life due May 31, 2023. Additionally, A.M. Best has affirmed the issue rating of "bbb" on the CAD 149.5 million non-cumulative rate reset Series 1 preferred shares. The outlook for each rating is stable. Empire Life is a subsidiary of E-L Financial Corporation Limited (E-L Financial), which operates as a publicly traded Canadian investment and insurance holding company.
E-L Financial Corporation Limited Announces Outcome of Director Elections
Marketwire Canada - Wed May 11, 2:24PM CDT
TORONTO, ONTARIO--(Marketwired - May 11, 2016) - 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 11, 2016:
ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-F.TO: 25.08 (-0.11), ELF-PR-H.TO: 25.68 (-0.02)
E-L Financial Corporation Limited Announces March 31, 2016 Interim Financial Results
Marketwire Canada - Wed May 11, 10:22AM CDT
TORONTO, ONTARIO--(Marketwired - May 11, 2016) - 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 March 31, 2016, consolidated shareholders' net loss of $61.4 million or $16.62 net loss per share compared with net income of $262.1 million or $65.75 per share in 2015. ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-F.TO: 25.08 (-0.11), ELF-PR-H.TO: 25.68 (-0.02)
Empire Life Announces Retirement of CFO, Gary McCabe
Marketwired - Mon Apr 04, 4:01PM CDT
The Empire Life Insurance Company (TSX: EML.PR.A) announced today the retirement of Gary McCabe, CPA, CA, Senior Vice-President and Chief Financial Officer, effective April 30, 2016. Scott Ewert, CPA, CA, Vice-President and Chief Financial Officer of E-L Financial Corporation Limited, will assume the position of interim CFO.
EML-PR-A.TO: 26.37 (+0.04)
E-L Financial Solidifies Long-term Interest in Empire Life
Marketwired - Fri Dec 11, 11:13AM CST
E-L Financial Corporation Limited (E-L Financial) (TSX: ELF) (TSX: ELF.PR.F) (TSX: ELF.PR.G) (TSX: ELF.PR.H) has agreed to purchase Guardian Assurance Limited's (Guardian) 19% share of holding company E-L Financial Services Limited (ELFS). As a result of this agreement, E-L Financial will own 100% of ELFS, which owns 98.3% of The Empire Life Insurance Company (Empire Life).
ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-H.TO: 25.68 (-0.02)
E-L Financial Corporation Limited Announces September 30, 2015 Interim Financial Results
Marketwired - Tue Nov 10, 12:01PM 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, 2015, consolidated shareholder net income of $28.2 million or $6.20 per share compared with $70.6 million or $17.00 per share in 2014. The $42.4 million decrease in net income is mainly due to E-L Corporate's net loss on investments for the third quarter of 2015 compared to net gain on investments for the third quarter of 2014. E-L Corporate's net income decreased $41.0 million during the third quarter of 2015 mainly due to a net loss on investments of $4.1 million compared to net gains on investments of $46.3 million in the prior year. Empire Life's net income decreased $1.4 million compared to the prior year primarily due to experience losses in the Individual Insurance product line including a $5.7 million loss from strengthening asset default reserves due to a ratings agency downgrade of Province of Ontario issued debt. ELF.TO: 701.30 (+21.30), ELF-PR-G.TO: 23.10 (+0.10), ELF-PR-H.TO: 25.68 (-0.02)
