TORONTO, ONTARIO--(Marketwire - Nov. 3, 2009) - The Board of Directors of E-L Financial Corporation Limited (TSX:ELF - News; TSX:ELF.PR.F - News; TSX:ELF.PR.G - News) today declared the following cash dividends:

Class                    Record Date       Payable Date  Amount of Dividend

First Preference
 Shares, Series 1    January 4, 2010   January 15, 2010           $ 0.33125

First Preference
 Shares, Series 2    January 4, 2010   January 15, 2010           $0.296875

Series A Preference
 Shares              January 4, 2010   January 15, 2010              $0.125

Common Shares        January 4, 2010   January 15, 2010              $0.125

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.

Richard B. Carty
E-L Financial Corporation Limited
Vice-President, General Counsel and Corporate Secretary
(416) 947-2578
(416) 362-2592 (FAX)