E-L Financial Corp Ltd T.ELF

Alternate Symbol(s): ELFIF | T.ELF.PR.F | T.ELF.PR.G | T.ELF.PR.H

Financial Services Insurance - Life

E-L Financial Corporation Limited is a Canada-based investment and insurance holding company. The Company operates through two segments: E-L Corporate and Empire Life. E-L Corporate segment represents investments in stocks and fixed income securities held directly and indirectly through pooled funds, closed-end investment companies and other investment companies. The investment strategy is to accumulate shareholder value through long-term capital appreciation and dividend and interest income from its investments. Empire Life segment offers individual and group life and health insurance, investment and retirement products to Canadians. The segment provides a range of life insurance and wealth management products, employee benefit plans and financial services to meet the needs of individuals, professionals and businesses through a network of Independent Financial Advisors (IFA), Managing General Agents (MGA), National Account firms and Group Solutions brokers and representatives.

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E-L Financial Corp Ltd > Book value discount

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Comment by chuck84on Sep 07, 2021 10:47am

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Post# 33818727

RE:RE:Book value discount

in other words, the discount is much larger than it appears.

ultimately brought on by massive capitulation selling by virtually all remaining institutional holders and covid last year. the company has done everything possible to buy up everything they can.

80% of this dividend (family's ownership of the approx $300mm being paid out - ie quarter billion) will go to family holdco's to likely continue buying back shares

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