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

E-L Financial (TSE:ELF) released its earnings results on Thursday. The insurance provider reported C$0.09 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$436.86 million for the quarter. E-L Financial had a net margin of 53.61% and a return on equity of 13.83%.

E-L Financial Trading Down 0.9%

TSE:ELF traded down C$0.15 during midday trading on Friday, reaching C$17.02. The company had a trading volume of 30,592 shares, compared to its average volume of 61,992. E-L Financial has a 12-month low of C$14.31 and a 12-month high of C$18.97. The firm has a market capitalization of C$5.89 billion, a price-to-earnings ratio of 5.17 and a beta of 1.30. The stock’s fifty day simple moving average is C$16.52 and its 200-day simple moving average is C$16.80.

E-L Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 24.7%. This is a boost from E-L Financial’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, March 3rd. E-L Financial’s dividend payout ratio (DPR) is 4.86%.

E-L Financial Company Profile

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.