E-L Financial released its 2025 annual report, describing results across its E-L Corporate investment holding segment and its Empire Life insurance business. E-L Corporate reported a 19% pre-tax total return on its global investment portfolio in 2025, compared with 26% in 2024. Empire Life said its 2025 results reflected less favourable impacts from interest rate movements and insurance contract liability assumption updates, alongside higher non-insurance expenses tied to information systems and workforce costs. The company also reported activity under its normal course issuer bid and paid a special cash dividend of CAD 519 million in 2025.

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