E-L Financial (TSE:ELF) Announces Earnings Results

E-L Financial (TSE:ELF) posted its earnings results on Thursday. The insurance provider reported C$0.09 earnings per share for the quarter, FiscalAI reports. E-L Financial had a net margin of 48.88% and a return on equity of 14.46%. The company had revenue of C$436.86 million for the quarter.

E-L Financial Trading Down 1.5%

ELF stock traded down C$0.26 during midday trading on Friday, hitting C$16.91. 2,800 shares of the company’s stock were exchanged, compared to its average volume of 61,677. E-L Financial has a 1-year low of C$14.31 and a 1-year high of C$18.97. The stock has a market capitalization of C$5.85 billion, a PE ratio of 5.13 and a beta of 1.30. The business has a 50-day simple moving average of C$16.50 and a two-hundred day simple moving average of C$16.79.

E-L Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 24.8%. This is a positive change from E-L Financial’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, March 3rd. E-L Financial’s payout ratio is 4.86%.

About E-L Financial

E-L Financial Corp Ltd operates as an investment and insurance holding company. The firm organizes itself into two segments namely E-L Corporate and Empire Life. The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products whereas, the E-L Corporate segment operations include the oversight of investments in global equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies.