TORONTO, ONTARIO — (Marketwire) — 08/04/11 — 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 June 30, 2011, it earned net consolidated operating income(1) of $23.1 million or $5.23 per share compared with $7.7 million or $1.31 per share for the comparable period in 2010. On a year to date basis, E-L Financial earned consolidated net operating income of $48.2 million or $10.97 per share compared with $20.1 million or $3.83 per share for the comparable period in 2010.
Net income
For the three months ended June 30, 2011, E-L Financial incurred a consolidated net loss of $11.4 million or $3.53 per share compared with $38.1 million or $10.33 per share in 2010. On a year to date basis, E-L Financial earned a consolidated net income of $38.8 million or $8.58 per share compared with a loss of $19.4 million or $6.18 per share in 2010.
Comprehensive income
For the three months ended June 30, 2011, E-L Financial had a consolidated comprehensive loss of $10.8 million or $3.38 per share compared with $47.3 million or $12.65 per share for the comparable period in 2010. Other comprehensive income (“OCI”) was $0.6 million or $0.15 per share compared with other comprehensive loss (“OCL”) of $9.2 million or $2.32 per share for the comparable period in 2010.
On a year to date basis, E-L Financial earned consolidated comprehensive income of $35.0 million or $7.62 per share compared with a loss of $25.8 million or $7.82 per share for the comparable period in 2010. Consolidated OCL was $3.8 million or $0.96 per share compared with $6.4 million or $1.63 per share for the comparable period in 2010.
CONSOLIDATED SUMMARY OF COMPREHENSIVE (LOSS) INCOME
Contacts:
E-L Financial Corporation Limited
Mark M. Taylor
Executive Vice-President and Chief Financial Officer
(416) 947-2578
(416) 362-2592 (FAX)