E-L Financial (TSE:ELF) Releases 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. E-L Financial had a net margin of 48.88% and a return on equity of 14.46%. The business had revenue of C$436.86 million during the quarter.

E-L Financial Stock Up 1.3%

Shares of E-L Financial stock traded up C$0.22 during trading hours on Thursday, reaching C$17.17. 121,855 shares of the company’s stock were exchanged, compared to its average volume of 62,329. E-L Financial has a 1 year low of C$14.31 and a 1 year high of C$18.97. The company has a market capitalization of C$5.94 billion, a P/E ratio of 4.99 and a beta of 1.30. The business has a fifty day moving average of C$16.48 and a two-hundred day 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. Stockholders of record on Friday, March 13th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, March 3rd. This is a positive change from E-L Financial’s previous quarterly dividend of $0.04. This represents a $4.20 dividend on an annualized basis and a dividend yield of 24.5%. E-L Financial’s payout ratio is currently 4.58%.

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.