E-L Financial Reports Stellar 2023 Growth

E-L Financial (TSE:ELF) has released an update.

E-L Financial Corporation Limited showcased a robust financial performance in 2023, reporting a significant increase in net equity value per common share to $1,968.17, which marks a 10.2% growth year-over-year and a compounded annual growth of 9.5% over a decade, including dividends. The company celebrated a monumental year with a consolidated net income of $933 million, a considerable turnaround from the net loss of $326 million in 2022, and declared a quarterly dividend of $3.75 per common share. This uptick in earnings is attributed to strong results in investment portfolios and positive market conditions, aligning with E-L Financial’s long-term growth strategy.

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