{"id":8540,"date":"2009-11-03T23:23:39","date_gmt":"2009-11-04T03:23:39","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=8540"},"modified":"2009-11-03T23:23:39","modified_gmt":"2009-11-04T03:23:39","slug":"elf-3q09-results","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=8540","title":{"rendered":"ELF 3Q09 Results"},"content":{"rendered":"

E-L Financial has announced<\/a> its 3Q09 results:<\/p>\n

E-L Financial Corporation Limited (“E-L Financial”) (TSX:ELF)(TSX:ELF.PR.F)(TSX:ELF.PR.G) today reported that for the quarter ended September 30, 2009, it incurred a net operating loss(1) of $23.7 million or $7.89 per share compared with net operating income of $49.5 million or $14.13 per share in 2008. On a year to date basis, E-L Financial earned net operating income of $15.2 million or $2.30 per share compared with $82.9 million or $22.64 per share in 2008.<\/p>\n

The net loss for the quarter was $130.8 million or $40.17 per share compared with a net loss of $25.1 million or $8.30 per share for the comparable period last year.
…<\/b>
(1)Use of non-GAAP measures<\/i><\/p><\/blockquote>\n

The villain of the piece was their General Insurance division – which is Dominion of Canada – which has now accumulated a YTD operating loss (non-GAAP) of $42.8-million compared to a loss of $11-million in the first half of the year. Life Insurance (Empire Life) continues to show a healthy operating and net profit YTD.<\/p>\n

The headline net loss of $130.8-million YTD is largely due to the first-quarter write-down of available-for-sale investments, which was reported on PrefBlog<\/a>.<\/p>\n

The press release doesn’t have much detail and the financials are not yet available on SEDAR<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

E-L Financial has announced its 3Q09 results: E-L Financial Corporation Limited (“E-L Financial”) (TSX:ELF)(TSX:ELF.PR.F)(TSX:ELF.PR.G) today reported that for the quarter ended September 30, 2009, it incurred a net operating loss(1) of $23.7 million or $7.89 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-8540","post","type-post","status-publish","format-standard","hentry","category-regulatory-capital"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8540"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8540\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}