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Fairfax Financial Holdings Ltd (FRFHF)
:FRFHF
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
38.37Last Year’s EPS
52.87Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 12.12%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with record net earnings, robust investment gains, and growth in book value per share. However, challenges such as negative impacts from discounting, decreased operating income from non-insurance companies, and a modest decline in international insurance premiums were noted. Despite these lowlights, the overall sentiment leans towards positive due to the significant highlights.Company Guidance
During the Fairfax Financial Holdings third-quarter 2024 earnings call, several key financial metrics were highlighted. The company reported net earnings exceeding $1 billion, with operating income from insurance and reinsurance operations reaching $1.1 billion, a significant 18% increase from the previous year. Underwriting income totaled $390 million, with a combined ratio of 93.9%. Interest and dividend income rose to $610 million, up from $513 million in Q3 2023, largely due to an increased investment portfolio valued at approximately $69 billion. Net gains on investments were $1.3 billion, driven by $323 million in equity gains and $829 million in bond gains. Additionally, the book value per share increased by 11.7% to $1,033, adjusted for dividends. Gross premiums written in the insurance and reinsurance segments increased by 13.9% to $8.2 billion, with notable contributions from Gulf Insurance and other international operations. The company also announced a stable annual operating income of $4 billion, projecting sustainability over the next 3 to 4 years.Record Net Earnings
The third quarter saw net earnings of over $1 billion, driven by operating income from insurance and reinsurance operations totaling $1.1 billion, a 18% increase from the third quarter of 2023.
Strong Investment Gains
Net gains on investments reached $1.3 billion, including $323 million in net gains on equity exposures and $829 million in net gains on bonds.
Book Value Per Share Growth
The book value per share increased by 11.7% from $940 at the end of 2023 to $1,033 at September 30, 2024.
Insurance and Reinsurance Premium Growth
Insurance and reinsurance businesses wrote $8.2 billion of gross premiums in Q3 2024, up 13.9% from Q3 2023.
A+ Financial Strength Rating
The company’s financial strength ratings and debt ratings were upgraded to A+ and BBB+ by S&P with a positive outlook.
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FRFHF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FRFHF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $1232.07 | $1335.42 | +8.39% |
| Aug 01, 2024 | $1122.74 | $1066.04 | -5.05% |
| May 02, 2024 | $1101.40 | $1116.24 | +1.35% |
| Feb 15, 2024 | $1030.27 | $1010.96 | -1.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fairfax Financial Holdings Ltd (FRFHF) report earnings?
Fairfax Financial Holdings Ltd (FRFHF) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Fairfax Financial Holdings Ltd (FRFHF) earnings time?
Fairfax Financial Holdings Ltd (FRFHF) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FRFHF EPS forecast?
FRFHF EPS forecast for the fiscal quarter 2024 (Q4) is 38.37.
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