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Onex Profits Surge as Convex Deal Caps Year of Strong Growth

Story Highlights
  • Onex more than doubled 2025 net earnings as both investing and asset management segments strengthened and fundraising topped $8 billion.
  • The $7 billion Convex acquisition and AIG partnership add a high-growth specialty insurer delivering record profits to Onex’s portfolio.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Onex Profits Surge as Convex Deal Caps Year of Strong Growth

Meet Samuel – Your Personal Investing Prophet

ONEX Corporation ( (TSE:ONEX) ) just unveiled an update.

Onex Corporation reported a sharp rise in profitability for 2025, with net earnings climbing to $617 million and diluted earnings per share more than doubling to $8.88, driven by stronger performance in both its investing and asset management segments. The firm raised over $8 billion of new capital across its private equity and credit platforms, signaling growing investor appetite and reinforcing the profitability trajectory of its asset management business.

The company closed its $7 billion acquisition of Convex Group in early February 2026, cementing a new strategic relationship with co-investor AIG, which holds a significant minority stake. Convex delivered record 2025 results, including $711 million in net income, robust premium growth and strong returns on tangible equity, positioning Onex to benefit from a high-growth, profitable specialty insurance platform and enhancing its long-term growth momentum heading into 2026.

The most recent analyst rating on (TSE:ONEX) stock is a Hold with a C$139.00 price target. To see the full list of analyst forecasts on ONEX Corporation stock, see the TSE:ONEX Stock Forecast page.

Spark’s Take on TSE:ONEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:ONEX is a Neutral.

ONEX Corporation’s overall stock score reflects strong strategic initiatives and reasonable valuation, offset by challenges in revenue growth and cash flow. The positive sentiment from the earnings call and strategic acquisitions are significant strengths, while technical indicators suggest caution in the short term.

To see Spark’s full report on TSE:ONEX stock, click here.

More about ONEX Corporation

Onex Corporation is a Toronto-based investment management firm that operates private equity and credit asset management platforms, while also deploying its own investing capital. Through its recent acquisition of specialty insurer and reinsurer Convex Group, and a strategic partnership with AIG, Onex is deepening its presence in global insurance and expanding its fee-based asset management footprint.

Average Trading Volume: 98,933

Technical Sentiment Signal: Buy

Current Market Cap: C$7.38B

For an in-depth examination of ONEX stock, go to TipRanks’ Overview page.

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