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Fairfax Financial Holdings (TSE:FFH)
TSX:FFH
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
44.82Last Year’s EPS
43.72Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 2.35%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with record earnings and underwriting income, alongside significant growth in premiums and book value per share. However, the company faced challenges from currency fluctuations, unrealized bond losses due to rising interest rates, and significant catastrophe losses from wildfires.Company Guidance
During the 2024 year-end results call, Fairfax reported impressive financial metrics, including a $3.9 billion net income after taxes, record underwriting income of $1.8 billion, and interest and dividend income of $2.5 billion. The company's book value per share rose by 14.5% to $1,060, adjusted for a $15 dividend. The insurance and reinsurance operations wrote $32.5 billion in gross premiums, marking a 12.6% increase from 2023. Fairfax's combined ratio for the year was 92.7%, with an underwriting profit of $1.8 billion, despite $1.1 billion in catastrophe losses. The investment portfolio yielded a return of 6.7%, despite $731 million in unrealized bond losses due to rising interest rates. The company also highlighted significant acquisitions, including Sleep Country Canada and Peak Achievement, and noted a strong position for future growth in international markets.Record Underwriting Income and Earnings
Fairfax earned $3.9 billion after taxes with record underwriting income of $1.8 billion and record interest and dividend income of $2.5 billion.
Significant Growth in Book Value Per Share
Book value per share increased by 14.5%, adjusted for a $15 dividend, to $1,060.
Strong Premium Growth
Insurance and reinsurance operations wrote $32.5 billion of gross premium in 2024, an all-time high, up 12.6% versus 2023.
Favorable Reserve Development
For the 18th consecutive year, the company recorded favorable reserve development of $594 million, providing a benefit of 2.4 points on the combined ratio.
Investment Performance
Fairfax's investment return for 2024 was 6.7%, driven by increased interest and dividend income, strong share of profits of associates, and net gains on equities.
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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
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TSE:FFH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | C$2000.00 | C$2070.19 | +3.51% |
| Oct 31, 2024 | C$1711.50 | C$1867.58 | +9.12% |
| Aug 01, 2024 | C$1555.92 | C$1475.81 | -5.15% |
| May 02, 2024 | C$1507.46 | C$1526.61 | +1.27% |
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 (TSE:FFH) report earnings?
Fairfax Financial Holdings (TSE:FFH) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Fairfax Financial Holdings (TSE:FFH) earnings time?
Fairfax Financial Holdings (TSE:FFH) earnings time is at May 01, 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 TSE:FFH EPS forecast?
TSE:FFH EPS forecast for the fiscal quarter 2025 (Q1) is 44.82.
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