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E-L Financial (ELF) investor relations material
E-L Financial Q2 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 rose to $27.37 as of June 30, 2026, up 7.5% from December 31, 2025, and 17.5% year-over-year.
Consolidated shareholders' net income for Q2 2026 was $1,011 million ($2.99 per share), up from $365 million ($1.07 per share) in Q2 2025.
Year-to-date net income reached $1,043 million ($3.08 per share), compared to $451 million ($1.32 per share) for the same period in 2025.
Financial highlights
E-L Corporate Q2 net income was $928 million, up from $333 million in Q2 2025, driven by a net gain on investments of $1,128 million.
Empire Life Q2 net income was $83 million, a $51 million increase year-over-year, mainly due to stronger investment and insurance finance results.
Empire Life's net income for the first six months was $89 million, down from $102 million in 2025, impacted by less favorable claims experience and higher expenses.
Segment performance
E-L Corporate's global investment portfolio delivered a 15% pre-tax total return in Q2 2026, compared to 6% in Q2 2025.
Empire Life saw improved net insurance service results in Wealth Management and Group Solutions, partially offset by higher technology investments.
- Net equity value per share rose 7.9% and net income surged on strong investment and insurance gains.ELF
Q2 2024 - Q3 net income surged to $497 million, led by investment gains and improved insurance results.ELF
Q3 2024 - Net equity value per share surged 18.7% year-over-year, driven by record investment gains.ELF
Q4 2024 - Q1 2025 net income fell sharply on investment losses, while Empire Life posted strong growth.ELF
Q1 2025 - Q2 net income surged to $365M, with net equity value per share up 9.7% year-over-year.ELF
Q2 2025 - Net equity value per share rose 10% year-over-year, with Q3 net income up to $570 million.ELF
Q3 2025 - Net equity value per share increased 9% year-over-year, with robust investment and insurance results.ELF
Q4 2025 - Net equity value per share grew 10.4% year-over-year, but Q1 net income declined sharply.ELF
Q1 2026
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