E-L Financial Corp Ltd
E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. It operates in two segments, E-L Corporate and Empire Life. The company owns investments in equities and fixed income securities directly and indirectly through common shares, investment funds, closed-end investment companies, limited partnerships, and other private and investment companies. It al… Read more
E-L Financial Corp Ltd (ELFIF) - Net Assets
Latest net assets as of September 2025: $10.23 Billion USD
Based on the latest financial reports, E-L Financial Corp Ltd (ELFIF) has net assets worth $10.23 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.37 Billion) and total liabilities ($19.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.23 Billion |
| % of Total Assets | 34.84% |
| Annual Growth Rate | 3.96% |
| 5-Year Change | 27.29% |
| 10-Year Change | 77.2% |
| Growth Volatility | 30.92 |
E-L Financial Corp Ltd - Net Assets Trend (1993–2024)
This chart illustrates how E-L Financial Corp Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for E-L Financial Corp Ltd (1993–2024)
The table below shows the annual net assets of E-L Financial Corp Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $9.74 Billion | +17.87% |
| 2023-12-31 | $8.26 Billion | +6.70% |
| 2022-12-31 | $7.74 Billion | -9.91% |
| 2021-12-31 | $8.60 Billion | +12.35% |
| 2020-12-31 | $7.65 Billion | +3.63% |
| 2019-12-31 | $7.38 Billion | +12.91% |
| 2018-12-31 | $6.54 Billion | -0.49% |
| 2017-12-31 | $6.57 Billion | +11.05% |
| 2016-12-31 | $5.92 Billion | +7.67% |
| 2015-12-31 | $5.50 Billion | +8.72% |
| 2014-12-31 | $5.05 Billion | +10.78% |
| 2013-12-31 | $4.56 Billion | +15.00% |
| 2012-12-31 | $3.97 Billion | +35.17% |
| 2011-12-31 | $2.94 Billion | -67.52% |
| 2010-12-31 | $9.04 Billion | +7.97% |
| 2009-12-31 | $8.37 Billion | +11.21% |
| 2008-12-31 | $7.53 Billion | -7.85% |
| 2007-12-31 | $8.17 Billion | +10785.50% |
| 2006-12-31 | $-76.44 Million | -115.90% |
| 2005-12-31 | $480.75 Million | -26.85% |
| 2004-12-31 | $657.24 Million | -23.06% |
| 2003-12-31 | $854.18 Million | -48.92% |
| 2002-12-31 | $1.67 Billion | -0.15% |
| 2001-12-31 | $1.67 Billion | -42.32% |
| 2000-12-31 | $2.90 Billion | -18.82% |
| 1996-12-31 | $3.58 Billion | +18.24% |
| 1995-12-31 | $3.02 Billion | +0.17% |
| 1994-12-31 | $3.02 Billion | +3.21% |
| 1993-12-31 | $2.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to E-L Financial Corp Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2165.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.02 Billion | 94.66% |
| Common Stock | $62.35 Million | 0.74% |
| Other Comprehensive Income | $36.70 Million | 0.43% |
| Other Components | $353.15 Million | 4.17% |
| Total Equity | $8.47 Billion | 100.00% |
E-L Financial Corp Ltd Competitors by Market Cap
The table below lists competitors of E-L Financial Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grand Canyon Education Inc
NASDAQ:LOPE
|
$4.39 Billion |
|
TG Therapeutics Inc
NASDAQ:TGTX
|
$4.39 Billion |
|
Samsung SDS Co Ltd
KO:018260
|
$4.40 Billion |
|
Petro Rio S.A
PINK:PTRRY
|
$4.40 Billion |
|
NIBE Industrier AB ser. B
SW:NIBEB
|
$4.38 Billion |
|
Nibe Industrier AB Series B
LSE:0RH0
|
$4.38 Billion |
|
Badger Meter Inc
NYSE:BMI
|
$4.38 Billion |
|
Financiere de Tubize SA
LSE:0D53
|
$4.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in E-L Financial Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,159,938,000 to 8,469,016,000, a change of 1,309,078,000 (18.3%).
- Net income of 1,570,027,000 contributed positively to equity growth.
- Dividend payments of 275,179,000 reduced retained earnings.
- Other comprehensive income increased equity by 13,937,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.57 Billion | +18.54% |
| Dividends Paid | $275.18 Million | -3.25% |
| Other Comprehensive Income | $13.94 Million | +0.16% |
| Other Changes | $293.00K | +0.0% |
| Total Change | $- | 18.28% |
Book Value vs Market Value Analysis
This analysis compares E-L Financial Corp Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.36x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 8.73x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $94.56 | $826.01 | x |
| 1994-12-31 | $105.00 | $826.01 | x |
| 1995-12-31 | $115.48 | $826.01 | x |
| 1996-12-31 | $129.08 | $826.01 | x |
| 1997-12-31 | $173.80 | $826.01 | x |
| 1998-12-31 | $247.42 | $826.01 | x |
| 1999-12-31 | $260.85 | $826.01 | x |
| 2000-12-31 | $296.78 | $826.01 | x |
| 2001-12-31 | $325.75 | $826.01 | x |
| 2002-12-31 | $330.03 | $826.01 | x |
| 2003-12-31 | $358.15 | $826.01 | x |
| 2004-12-31 | $418.51 | $826.01 | x |
| 2005-12-31 | $476.60 | $826.01 | x |
| 2006-12-31 | $670.76 | $826.01 | x |
| 2007-12-31 | $735.28 | $826.01 | x |
| 2008-12-31 | $597.09 | $826.01 | x |
| 2009-12-31 | $636.66 | $826.01 | x |
| 2010-12-31 | $595.01 | $826.01 | x |
| 2011-12-31 | $621.53 | $826.01 | x |
| 2012-12-31 | $702.80 | $826.01 | x |
| 2013-12-31 | $808.65 | $826.01 | x |
| 2014-12-31 | $964.70 | $826.01 | x |
| 2015-12-31 | $1076.93 | $826.01 | x |
| 2016-12-31 | $1138.90 | $826.01 | x |
| 2017-12-31 | $1280.13 | $826.01 | x |
| 2018-12-31 | $1285.74 | $826.01 | x |
| 2019-12-31 | $1455.59 | $826.01 | x |
| 2020-12-31 | $1561.20 | $826.01 | x |
| 2021-12-31 | $1804.50 | $826.01 | x |
| 2022-12-31 | $1889.85 | $826.01 | x |
| 2023-12-31 | $1913.53 | $826.01 | x |
| 2024-12-31 | $2301.71 | $826.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently E-L Financial Corp Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.90%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 3.32x
- Recent ROE (18.54%) is above the historical average (8.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 11.46% | 4.55% | 0.31x | 8.11x | $5.31 Million |
| 1994 | 10.18% | 5.05% | 0.27x | 7.52x | $730.00K |
| 1995 | 9.82% | 4.84% | 0.29x | 6.88x | $-800.00K |
| 1996 | 11.60% | 5.99% | 0.27x | 7.22x | $7.97 Million |
| 1997 | 24.93% | 14.65% | 0.22x | 7.68x | $99.64 Million |
| 1998 | 6.01% | 5.16% | 0.20x | 5.81x | $-37.91 Million |
| 1999 | 5.25% | 4.44% | 0.21x | 5.75x | $-47.55 Million |
| 2000 | 6.44% | 5.79% | 0.20x | 5.49x | $-40.58 Million |
| 2001 | 6.17% | 5.91% | 0.29x | 3.62x | $-47.92 Million |
| 2002 | 4.06% | 3.73% | 0.29x | 3.73x | $-75.23 Million |
| 2003 | 3.41% | 2.84% | 0.31x | 3.89x | $-90.67 Million |
| 2004 | 7.72% | 6.86% | 0.31x | 3.59x | $-38.33 Million |
| 2005 | 15.33% | 13.34% | 0.32x | 3.63x | $102.14 Million |
| 2006 | 15.54% | 16.05% | 0.32x | 3.07x | $132.75 Million |
| 2007 | 7.80% | 9.74% | 0.26x | 3.05x | $-59.36 Million |
| 2008 | -5.73% | -7.93% | 0.21x | 3.41x | $-348.68 Million |
| 2009 | -7.52% | -8.57% | 0.25x | 3.50x | $-429.79 Million |
| 2010 | 5.49% | 5.31% | 0.29x | 3.52x | $-118.64 Million |
| 2011 | -1.64% | -1.59% | 0.19x | 5.37x | $-316.66 Million |
| 2012 | 14.19% | 32.88% | 0.09x | 5.00x | $139.61 Million |
| 2013 | 23.78% | 57.04% | 0.10x | 4.18x | $524.07 Million |
| 2014 | 9.54% | 17.04% | 0.13x | 4.24x | $-19.43 Million |
| 2015 | 11.17% | 26.90% | 0.10x | 4.01x | $55.55 Million |
| 2016 | 6.59% | 19.72% | 0.08x | 4.11x | $-170.83 Million |
| 2017 | 11.86% | 28.39% | 0.10x | 4.05x | $103.82 Million |
| 2018 | 0.50% | 2.63% | 0.05x | 3.84x | $-527.90 Million |
| 2019 | 11.84% | 25.73% | 0.12x | 3.76x | $116.38 Million |
| 2020 | 7.73% | 19.64% | 0.10x | 3.83x | $-148.08 Million |
| 2021 | 15.94% | 50.17% | 0.09x | 3.66x | $434.25 Million |
| 2022 | -4.94% | 0.00% | -0.05x | 3.50x | $-1.00 Billion |
| 2023 | 13.34% | 31.87% | 0.12x | 3.60x | $239.29 Million |
| 2024 | 18.54% | 46.90% | 0.12x | 3.32x | $723.13 Million |
Industry Comparison
This section compares E-L Financial Corp Ltd's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $52,810,304,913
- Average return on equity (ROE) among peers: 25.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| E-L Financial Corp Ltd (ELFIF) | $10.23 Billion | 11.46% | 1.87x | $4.39 Billion |
| AIA Group Ltd (AAIGF) | $181.58 Billion | 2.29% | 0.02x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $31.80 Million | 29.56% | 5.46x | $10.89 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $1.30 Million | 50.90% | 0.12x | $92.43K |
| Aflac Incorporated (AFL) | $1.75 Billion | 16.71% | 10.58x | $56.35 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.88 Billion | 37.14% | 26.33x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $14.86 Billion | -19.78% | 13.93x | $3.36 Billion |
| Challenger Limited (CFIGF) | $3.25 Billion | -12.80% | 7.79x | $1.66 Billion |
| Citizens Inc (CIA) | $28.30 Million | 19.53% | 3.74x | $217.00 Million |
| China Life Insurance Co Ltd (CILJF) | $324.71 Billion | 0.30% | 0.01x | $16.34 Billion |