E-L FINANCIAL CORPORATION LIMITED ANNOUNCES DIVIDENDS

TORONTO, March 2, 2023 /CNW/ - The Board of Directors of E-L Financial Corporation Limited (TSX: ELF) (TSX: ELF.PR.F) (TSX: ELF.PR.G) (TSX: ELF.PR.H) today declared the following cash dividends:

Class	Record Date	Payable Date	Amount of Dividend
First Preference Shares, Series 1	March 31, 2023	April 17, 2023	$0.33125
First Preference Shares, Series 2	March 31, 2023	April 17, 2023	$0.296875
First Preference Shares, Series 3	March 31, 2023	April 17, 2023	$0.34375
Series A Preference Shares	March 31, 2023	April 17, 2023	$0.125
Common Shares	March 31, 2023	April 17, 2023	$3.75

The Board has approved a change to the Company's dividend policy, increasing its quarterly dividend to $3.75 per Common Share. The Company's dividend policy is established by the Board of Directors at its discretion and is subject to change.

E-L Financial Corporation Limited advises that the above referenced dividends are eligible dividends for the purposes of the Income Tax Act, Canada and any similar provincial tax legislation.

SOURCE E-L Financial Corporation

Richard B. Carty, Vice-President, General Counsel and Corporate Secretary, Telephone: [phone], Fax: [phone]