E-L Financial Reports Robust Start to 2024

E-L Financial (TSE:ELF) has released an update.

E-L Financial Corporation Limited reported a substantial increase in their March 31, 2024 financial results, with net equity value per share rising by 7.9% and consolidated net income more than doubling to $547 million, up from $305 million the previous year. The firm also announced a quarterly dividend of $3.75 per share. These positive outcomes are attributed to significant gains in investments by E-L Corporate and stable performance from Empire Life, despite some setbacks in mortality experience.

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