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E-L Financial ( (TSE:ELF) ) has provided an announcement.
E-L Financial Corporation Limited reported a slight decrease in net equity value per common share to $23.29 as of June 30, 2025, compared to $23.36 at the end of 2024. The company saw a significant increase in consolidated shareholder’s net income for the second quarter of 2025, reaching $365 million, up from $232 million in 2024, primarily driven by a net gain on investments. Empire Life, a subsidiary of E-L Financial, reported a net income of $32 million for the second quarter, a slight decrease from the previous year, due to lower investment and insurance finance results. However, for the first half of 2025, Empire Life’s net income increased to $102 million, attributed to improved insurance service results.
Spark’s Take on TSE:ELF Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELF is a Neutral.
E-L Financial shows a strong financial foundation and attractive valuation, but technical indicators suggest bearish momentum. Corporate events are mixed, with positive shareholder actions offset by recent net income declines.
To see Spark’s full report on TSE:ELF stock, click here.
More about E-L Financial
E-L Financial Corporation Limited operates in the financial industry, focusing on investment management and insurance services. The company is known for its global investment portfolio and its subsidiary, Empire Life, which provides life insurance and financial services.
Average Trading Volume: 45,203
Technical Sentiment Signal: Buy
Current Market Cap: C$5.05B
See more data about ELF stock on TipRanks’ Stock Analysis page.
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