The earnings call presented strong financial performance with robust net earnings growth, increased book value per share, and significant investment gains. However, there were notable challenges in specific segments, particularly in associate profits and some North American insurance operations.

Company Guidance

In the 2025 second quarter, Fairfax reported net earnings of $1.4 billion, up from $915 million in the second quarter of 2024, resulting in net earnings of $2.4 billion for the first half of 2025. Operating income from insurance and reinsurance, before risk margin, was $1.1 billion, with underwriting income at $427 million. Interest and dividend income increased to $666 million, while net gains on investments were $952 million. The book value per share rose to $1,158, marking a 10.8% increase for the first half, adjusted for a $15 dividend. Gross premiums written totaled $9.1 billion, up 2.6% year-over-year. The combined ratio was 93.3%, with underwriting profit at $427 million. Reserve development contributed $163 million. Fairfax maintained a strong financial position with $3 billion in cash and investments at the holding company level and a total debt to total capital ratio of 25.9%.

Strong Net Earnings Growth

Net earnings increased to $1.4 billion in Q2 2025, up from $915 million in Q2 2024. Net earnings for the first half of 2025 totaled $2.4 billion.

Book Value Per Share Increase

Book value per share rose to $1,158 in Q2 2025, marking a 10.8% increase in the first half of the year, adjusted for a $15 dividend.

Robust Investment Gains

Net gains on investments were $952 million in the quarter, driven by equity exposures and bond portfolio gains.

Positive Underwriting Results

The combined ratio was 93.3%, producing an underwriting profit of $427 million. Most insurance and reinsurance operations posted profits.

International Growth

International insurance and reinsurance operations saw a 4.2% increase in gross premiums, with standout growth in Europe and Asia.

Rating Upgrades

Standard & Poor's upgraded the financial strength ratings of core operating companies to AA- and debt rating to A-; AM Best upgraded Allied World's rating to A+.

Fairfax Financial Holdings (FRFHF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FRFHF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	36.58 / -	42.62	―	―	―
Jul 31, 2025	2025 (Q2)	54.80 / 61.61	37.18	65.71% (+24.43)	―
May 01, 2025	2025 (Q1)	28.56 / 42.70	30.82	38.55% (+11.88)	―
Feb 13, 2025	2024 (Q4)	38.43 / 50.42	52.87	-4.63% (-2.45)	―
Oct 31, 2024	2024 (Q3)	37.10 / 42.62	42.26	0.85% (+0.36)	―
Aug 01, 2024	2024 (Q2)	35.41 / 37.18	28.8	29.10% (+8.38)	―
May 02, 2024	2024 (Q1)	41.16 / 30.82	49.38	-37.59% (-18.56)	―
Feb 15, 2024	2023 (Q4)	55.69 / 52.87	78.33	-32.50% (-25.46)	―
Nov 02, 2023	2023 (Q3)	20.87 / 42.26	-3.65	1257.81% (+45.91)	―
Aug 03, 2023	2023 (Q2)	32.24 / 28.80	-37.59	176.62% (+66.39)	―

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

FRFHF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$1774.26	$1744.94	-1.65%
May 01, 2025	$1554.32	$1590.57	+2.33%
Feb 13, 2025	$1407.77	$1463.92	+3.99%
Oct 31, 2024	$1232.07	$1335.42	+8.39%

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.

FAQ

When does Fairfax Financial Holdings (FRFHF) report earnings?

Fairfax Financial Holdings (FRFHF) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Fairfax Financial Holdings (FRFHF) earnings time?

Fairfax Financial Holdings (FRFHF) earnings time is at Oct 30, 2025, After Close (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 2025 (Q3) is 36.58.

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