Canada · Delayed Price · Currency is CAD Fairfax Financial Holdings Earnings Call Transcripts
Fiscal Year 2026
-
The meeting celebrated 40 years of growth, highlighted record financial results, and reinforced a strong decentralized culture. Shareholders re-elected the board and auditors, rejected a climate disclosure proposal, and heard updates on strategic investments, risk management, and AI initiatives.
Fiscal Year 2025
-
Record net earnings of $4.8B and a 20.5% increase in book value per share were achieved, driven by strong underwriting, investment gains, and diversified operations. Premium growth faces headwinds from softening rates, but capital allocation remains disciplined and opportunistic.
-
Q3 2025 net earnings rose to $1.2B, with strong insurance and non-insurance segment performance, a 15.1% increase in book value per share, and continued underwriting discipline amid softening market trends. Share buybacks, strategic divestitures, and acquisitions supported growth.
-
Q2 2025 net earnings rose to $1.4B, with strong investment gains and underwriting profit. Book value per share increased 10.8% to $1,158, and insurance operations posted robust premium growth and favorable reserve development.
-
Q1 2025 saw net earnings rise to $946 million despite $692 million in wildfire losses, with book value per share up 3.5%. Insurance and reinsurance operations remained profitable, investment gains exceeded $1 billion, and capital strength was maintained.
-
The meeting celebrated 40 years of growth, highlighted strong financial results, and honored key leaders. Strategic acquisitions, innovation, and a decentralized culture were emphasized. Shareholders rejected a proposal on financed emissions disclosure, and all board nominees and auditors were approved.
Fiscal Year 2024
-
Net earnings reached $3.9B with record underwriting and investment income, and book value per share rose 14.5%. Premiums grew 12.6% to $32.5B, driven by Gulf Insurance consolidation and organic growth. Catastrophe losses and FX impacts were absorbed, with strong capital and liquidity maintained.
-
Q3 2024 saw net earnings over $1 billion, with strong insurance and investment results, an 11.7% increase in book value per share, and continued premium growth driven by international expansion. Catastrophe losses were significant but manageable, and capital strength remains robust.
-
Q2 2024 net earnings reached $915M, with strong insurance and investment results, a 93.9% combined ratio, and book value per share up 6% to $980. Premium growth was driven by Gulf Insurance, while share buybacks and capital strength remained priorities.