E-L Financial Corporation Limited (E-L Financial) operates as an investment and insurance holding company. It operates in three business segments: E-L Corporate, The Dominion and Empire Life. The Company invests in equities and fixed income securities directly, and indirectly, through pooled funds, closed-end investment companies and other investment companies (E-L Corporate). E-L Corporate investments include United Corporations Limited (United), Economic Investment Trust Limited (Economic) and Algoma Central Corporation (Algoma). The investments - corporate portfolio includes short-term deposits, common shares in public and private companies, units in pooled funds and units in a common contractual fund. The Company owns 100% of The Dominion of Canada General Insurance Company (The Dominion) and 80% of The Empire Life Insurance Company (Empire Life). Economic and United are both closed-end investment companies and Algoma is a shipping company.