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E-L Financial (ELF) investor relations material
E-L Financial Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net equity value per common share was $24.48 as of March 31, 2026, down 3.8% from December 31, 2025, but up 10.4% year-over-year from March 31, 2025.
Consolidated shareholders' net income for Q1 2026 was $32 million ($0.09 per share), down from $86 million ($0.24 per share) in Q1 2025.
Financial highlights
E-L Corporate reported Q1 2026 net income of $26 million, up from $16 million in Q1 2025, driven by a higher share of income from associates ($56 million vs. $1 million year-over-year).
Empire Life reported Q1 2026 net income of $6 million, down from $70 million in Q1 2025, mainly due to less favorable market-related impacts.
E-L Corporate's global investment portfolio had a pre-tax total return of -1% in Q1 2026, compared to 1% in Q1 2025.
Outlook and guidance
Empire Life's Life Insurance Capital Adequacy Test total ratio was 150% at March 31, 2026, above regulatory and internal minimums.
- Net equity value per share rose 7.9% and net income surged on strong investment and insurance gains.ELF
Q2 20243 Jul 2026 - Q3 net income surged to $497 million, led by investment gains and improved insurance results.ELF
Q3 20243 Jul 2026 - Net equity value per share surged 18.7% year-over-year, driven by record investment gains.ELF
Q4 20243 Jul 2026 - Q1 2025 net income fell sharply on investment losses, while Empire Life posted strong growth.ELF
Q1 20253 Jul 2026 - Q2 net income surged to $365M, with net equity value per share up 9.7% year-over-year.ELF
Q2 20253 Jul 2026 - Net equity value per share rose 10% year-over-year, with Q3 net income up to $570 million.ELF
Q3 20253 Jul 2026 - Net equity value per share increased 9% year-over-year, with robust investment and insurance results.ELF
Q4 20253 Jul 2026
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