Q: Please comment on Fairfax earnings. Thanks
5i Research Answer:
EPS of $57.57 beat estimates of $52.85; Revenue of $8.11B beat estimates of $7.88B. Net income rose 7.5%. Gross premiums were $7.71B. Book value is $1,260 per share (up 20.5%). Revenue rose 5%. Full year earnings were a record, and FFH bought and cancelled just over 1 million shares in 2025. For the full year net gains on FFH's investment portfolio were more than $3B. The company has high earnings variability, but this quarter (and year) were solid.