E-L Financial Corporation

E-L Financial Corporation

E-L Financial Corporation was established in 1968 as an investment and insurance holding company. Duncan N.R. Jackman holds the positions of Chairman, President, and CEO. The Jackman family maintains board representation through Henry N.R. (Hal) Jackman and M. Victoria D. Jackman. The firm invests in international equities and private companies while operating life and health insurance policies through subsidiaries. Confirmed holdings include 56.6 percent of United Corporations Limited, 24.9 percent of Economic Investment Trust Limited, and 42.2 percent of Dominion and Anglo Investment Corporation Limited. Public equity positions reported through affiliates include Microsoft, Alphabet, NVIDIA, Apple, and Bank of Nova Scotia. The geographic footprint centers on Canada with additional exposure to U.S. listed securities. Assets under management stand at $12.1 billion. The firm maintains its head office at 165 University Avenue in Toronto. In May 2025 it sponsored the Annual General and Special Meeting held virtually to address share split approval, director elections, and financial results. Philanthropic vehicles include the Hal Jackman Foundation, which has directed grants to Canadian arts and education institutions. E-L Financial operates through a holding company structure that combines insurance underwriting with concentrated equity ownership. This architecture allows direct board influence at portfolio companies such as Algoma Central Corporation and Empire Life rather than reliance on external fund commitments.