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E-L Financial (TSX:ELF.PR.H.PFD) Altman Z-Score


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What is E-L Financial Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

E-L Financial (TSX:ELF.PR.H.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » E-L Financial Corp Ltd (TSX:ELF.PR.H.PFD) » Definitions » Altman Z-Score
Comparable Companies
TSX:SFC SHSE:601318 SHSE:601628 HKSE:01299 BOM:543526 MET AFL TSX:MFC PRU SHSE:601601 TPE:2881 TSX:GWO LSE:PRU TPE:2882 TSE:8750 TSX:POW BOM:540719 BOM:540777 SHSE:601336 XKRX:032830
Traded in Other Exchanges
ELFIF:USA ELF.PR.G.PFD:Canada ELF.PR.F.PFD:Canada ELF:Canada
Address
165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8
Website
https://www.e-lfinancial.ca
E-L Financial Corp Ltd operates as an investment and insurance holding company that provides a broad range of wealth management products, individual insurance products, group plans, and financial services to meet the needs of individuals, professionals, and businesses. The firm has two segments; The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products, and the E-L Corporate segment operations include the oversight of investments in equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies. The firm generates a majority of its revenue from the E-L Corporate segment.