Fairfax Financial Holdings Ltd ( (FRFHF) ) has released its Q2 earnings. Here is a breakdown of the information Fairfax Financial Holdings Ltd presented to its investors.
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Fairfax Financial Holdings Ltd is a Toronto-based holding company primarily engaged in property and casualty insurance and reinsurance, along with investment management through its subsidiaries.
In the second quarter of 2025, Fairfax Financial Holdings Ltd reported significant growth in net earnings, reaching $1,436.7 million compared to $915.4 million in the same period last year. This increase was largely driven by substantial net gains on investments, particularly in common stocks.
Key highlights from the earnings report include a 4.8% increase in net premiums written in the property and casualty insurance and reinsurance operations, reflecting growth in gross premiums and increased retentions. The company also reported an underwriting profit of $426.9 million, up from $370.4 million in 2024, with a combined ratio improvement to 93.3%. Investment gains were notable, with net gains of $952.0 million, primarily from equity exposures and bonds.
Fairfax’s strategic moves included acquiring a 33% equity interest in Albingia SA, a French insurance company, and completing a $900 million offering of unsecured senior notes. The company also reported a higher operating income from non-insurance companies, reflecting recent acquisitions and increased income at Fairfax India.
Looking ahead, Fairfax Financial Holdings Ltd remains focused on leveraging its strong investment performance and strategic acquisitions to drive growth, while maintaining a conservative approach to its investment portfolio to navigate market fluctuations effectively.