# E-L Financial Corporation

E-L Financial Corporation is an Insurance based in Toronto, Canada.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** 10th Floor 165 University Avenue, Toronto, Ontario, M5H 3B8, Canada
- **Founded:** 1968
- **Assets under management:** 12.1B (Altss estimate)
- **Website:** www.e-lfinancial.ca

## About

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.

## Sectors

- Insurance
- Financial Services

## People

- Duncan N.R. Jackman — Chairman, President, and CEO
- Henry N.R. (Hal) Jackman — Honorary Director
- M. Victoria D. Jackman — Director

## Questions

### Who runs investment decisions at E-L Financial Corporation?

Duncan N.R. Jackman serves as Chairman, President, and CEO and oversees investment and insurance activities. The board includes additional Jackman family members.

### Does E-L Financial Corporation participate in fund commitments or only direct deals?

The firm holds direct ownership stakes in operating companies and listed equities. No external fund commitments appear in disclosed positions.

### What investment stages does E-L Financial Corporation typically target?

Holdings span established operating businesses and public equities. Positions include controlling interests in insurance and shipping companies.

### How is E-L Financial Corporation related to Empire Life?

E-L Financial owns 99.5 percent of The Empire Life Insurance Company through its holding structure.

### Which sectors does E-L Financial Corporation hold positions in?

Core exposures include insurance, financial services holding companies, and industrials through Algoma Central Corporation.

## Related profiles

- [PKG Pension Fund](https://altss.com/profile/pkg-pension-fund)
- [Royal Mail Pension Plan](https://altss.com/profile/royal-mail-pension-plan)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/e-l-financial-corporation

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology