E-L Financial (ELF) Q4 2024 earnings summary
Event summary combining transcript, slides, and related documents.
Q4 2024 earnings summary
3 Jul, 2026Executive summary
Net equity value per common share rose 18.7% year-over-year to $2,336.43 as of December 31, 2024, and 3.3% sequentially from September 30, 2024.
Consolidated shareholder's net income for 2024 was $1,563 million, up from $933 million in 2023.
Board declared a quarterly dividend of $3.75 per common share, payable April 17, 2025.
Financial highlights
Net income per common share for 2024 was $459.74, up from $265.60 in 2023.
Fourth quarter 2024 net income was $287 million, down from $501 million in Q4 2023.
Ten-year compounded annual growth in net equity value per share, including dividends, was 10.4%.
Outlook and guidance
Exceptional investment returns and record investment gains in 2024, especially from the E-L Corporate segment.
Empire Life achieved record net income and strong return on equity for common shareholders.
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