Overview

* E-L Financial ( ELFIF ) Q3 net income rises to C$570 mln from C$497 mln in 2024

* E-L Corporate Q3 net income increases due to higher investment gains

* Empire Life Q3 net income declines due to less favorable investment results

Outlook

* Company did not provide specific guidance for future quarters or full-year

Result Drivers

* INVESTMENT GAINS - E-L Corporate's Q3 net income rose due to a net gain on investments of $581 mln compared to $325 mln in 2024

* INTEREST RATE IMPACT - Empire Life's Q3 net investment and finance result was positively impacted by interest rate movements

* LESS FAVORABLE INVESTMENT RESULTS - Empire Life's Q3 net income declined due to less favorable net investment and insurance finance results compared to 2024

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net C$570

Income mln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)