Strong Net Earnings Growth
Net earnings for the first quarter of 2025 were $946 million, up from $777 million in the first quarter of 2024.
Increase in Book Value Per Share
Book value per share increased to $1,080 in the first quarter of 2025, up by 3.5% adjusted for the $15 dividend.
Significant Investment Gains
Net gains on investments were over $1 billion, driven by gains on equity exposures and bond portfolio due to decreased interest rates.
Growth in Gross Premiums
Insurance and reinsurance companies wrote $8.4 billion of gross premium in the first quarter of 2025, up 5% from the first quarter of 2024.
Strong Performance in North American Insurance Segment
North American insurance segment increased gross premiums by 6.7% over the first quarter of 2024.
Positive International Operations
Excluding Gulf Insurance, international operations gross premiums were up 8%, with robust growth in Fairfax Asia and Eastern Europe.