The earnings call presented a generally positive outlook for Fairfax, with strong net earnings growth, increased book value per share, and solid investment returns. Positive underwriting results and global insurance and reinsurance growth were highlighted, along with positive ratings upgrades. However, challenges such as a decline in the share of profits of associates and issues at Zenith and Gulf Insurance were noted.

Company Guidance -

Q3 2025

During Fairfax's 2025 second-quarter earnings call, the company reported net earnings of $1.4 billion, a significant increase from $915 million in the same period last year, bringing their first-half net earnings to $2.4 billion. The company experienced strong underwriting income of $427 million and net gains on investments amounting to $952 million, contributing to an increase in book value per share to $1,158, up 10.8% in the first half of the year. Their insurance and reinsurance operations wrote $33 billion in annualized premiums, with a combined ratio of 93.3% yielding an underwriting profit of $427 million. Fairfax's consolidated investment return was 2.6%, driven by a rise in interest and dividend income of $666 million, up 8.5% year-over-year, but offset by reduced profits of associates, primarily due to Eurobank and Poseidon Corp. On the investment front, Fairfax maintained $49 billion in fixed income, yielding 5.1%, and their equity and associate investments were close to $25 billion. The company also highlighted a robust cash position of $3 billion at the holding company level, alongside debt offerings totaling $890 million completed in the quarter.

Strong Net Earnings Growth

Fairfax reported net earnings of $1.4 billion for Q2 2025, up from $915 million in Q2 2024, resulting in net earnings of $2.4 billion for the first half of 2025.

Increased Book Value Per Share

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

Solid Investment Returns

Consolidated investment return of 2.6%, driven by increased interest and dividend income and strong net gains on investments. Net gains on investments were $952 million in the quarter.

Positive Underwriting Results

Underwriting income was strong at $427 million, with a combined ratio of 93.3%, producing underwriting profit across most segments.

Growth in Global Insurance and Reinsurance

Insurance and reinsurance companies wrote $9.1 billion of gross premium in Q2 2025, up 2.6% versus Q2 2024.

Positive Ratings 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 (TSE:FFH) 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

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TSE:FFH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	50.39 / -	58.708	―	―	―
Jul 31, 2025	2025 (Q2)	75.48 / 84.87	51.215	65.71% (+33.65)	―
May 01, 2025	2025 (Q1)	39.34 / 58.82	42.454	38.55% (+16.36)	―
Feb 13, 2025	2024 (Q4)	52.93 / 69.45	72.827	-4.63% (-3.37)	―
Oct 31, 2024	2024 (Q3)	51.10 / 58.71	58.212	0.85% (+0.50)	―
Aug 01, 2024	2024 (Q2)	48.78 / 51.21	39.671	29.10% (+11.54)	―
May 02, 2024	2024 (Q1)	56.70 / 42.45	68.02	-37.59% (-25.57)	―
Feb 15, 2024	2023 (Q4)	76.71 / 72.83	107.898	-32.50% (-35.07)	―
Nov 02, 2023	2023 (Q3)	28.75 / 58.21	-5.028	1257.81% (+63.24)	―
Aug 03, 2023	2023 (Q2)	44.41 / 39.67	-51.779	176.62% (+91.45)	―

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
Jul 31, 2025	C$2450.76	C$2401.82	-2.00%
May 01, 2025	C$2154.01	C$2195.41	+1.92%
Feb 13, 2025	C$2000.00	C$2070.19	+3.51%
Oct 31, 2024	C$1711.50	C$1867.58	+9.12%

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 Oct 30, 2025, After Close (Confirmed).

What is Fairfax Financial Holdings (TSE:FFH) earnings time?

Fairfax Financial Holdings (TSE:FFH) 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 TSE:FFH EPS forecast?

TSE:FFH EPS forecast for the fiscal quarter 2025 (Q3) is 50.39.

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