Fairfax Financial Holdings (TSE:FFH)
TSX:FFH
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
61.23Last Year’s EPS
59.46Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and investment picture: record net earnings, record underwriting income, robust investment returns and meaningful book value per share growth. The company highlights broad diversification, sizable investment firepower, favorable reserve development (19 consecutive years) and strategic moves (Kennedy Wilson). Offsetting items include FX losses, some discount-rate related accounting losses, softening pricing in parts of the insurance market, isolated underperformance in a few entities (e.g., Zenith, runoff reserve strengthening) and a modest uptick in leverage. On balance the positive financial performance, large investment gains, and clear capital allocation options materially outweigh the challenges discussed.Company Guidance
Record Net Earnings and Underwriting Income
Net earnings after taxes of $4.8 billion in FY2025 (the highest in company history) with record underwriting income of $1.8 billion for the year.
Strong Investment Performance
Investment return of 9.3% for 2025 with net gains on investments of $3.2 billion (including ~$3.0 billion from equity and equity-related holdings) and consolidated interest and dividend income of $2.6 billion (up $62 million year-over-year).
Book Value Per Share Growth and Active Buybacks
Book value per basic share increased 20.5% (adjusted for $15 dividend) to $1,260 from $1,060 at Dec 31, 2024. Repurchased just over 1 million shares in 2025 (~$1.6 billion) and an additional ~131,000 shares in early 2026.
All-Time High Gross Premiums and Diversified Growth
Insurance and reinsurance gross written premium of $33.3 billion in 2025, up 2.3% ($750 million) year-over-year, with notable growth across North American and global segments and strong international double-digit growth in several Asia/Eastern Europe businesses.
Strong Underwriting Metrics and Reserve Releases
Full-year combined ratio of 93.0% (undiscounted) producing record underwriting profit of $1.8 billion; Q4 combined ratio 88.6%. Favorable reserve development of $752 million (benefit of 2.9 combined ratio points) — 19th consecutive year of favorable development.
Large, Liquid Investment Base and Attractive Fixed Income Yield
Total investment portfolios of USD 74.9 billion at year-end (USD 50.0 billion fixed income, USD 24.9 billion equities/associates), with fixed income earning a ~5% yield while maintaining short duration and conservative positioning.
Noninsurance and Associates Contributions
Full-year operating income from noninsurance companies increased to $397 million (from $241 million in 2024) driven by Sleep Country and Peak Achievement; consolidated share of profit of associates of $816 million for the year (notable contributors: Eurobank $474M, Poseidon $287M).
Strategic Transaction — Kennedy Wilson Consortium
Agreement to acquire remaining Kennedy Wilson shares at $10.90 per share (46% premium to pre-proposal price); Fairfax committed up to $1.65 billion of funding, expected to give Fairfax a majority economic interest and long-term real estate capability in-house.
TSE:FFH 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
TSE:FFH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | C$2325.98 | C$2337.89 | +0.51% |
Nov 06, 2025 | C$2194.99 | C$2192.72 | -0.10% |
Jul 31, 2025 | C$2430.91 | C$2382.36 | -2.00% |
May 01, 2025 | C$2136.56 | C$2177.63 | +1.92% |
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 (TSE:FFH) report earnings?
Fairfax Financial Holdings (TSE:FFH) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Fairfax Financial Holdings (TSE:FFH) earnings time?
Fairfax Financial Holdings (TSE:FFH) earnings time is at Apr 23, 2026, 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 TSE:FFH EPS forecast?
TSE:FFH EPS forecast for the fiscal quarter 2026 (Q1) is 61.23.