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Fairfax Financial (FFH) investor relations material
Fairfax Financial AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Celebrated 40th anniversary, highlighting long-term shareholder loyalty and company culture.
Formal agenda included tabling the annual report, electing directors, reappointing auditors, and considering a shareholder proposal.
Financial performance review
Achieved record net income of $4.8 billion in 2025, with book value per share up 21% to $1,260 USD.
Gross premiums rose to $33 billion, up 2% from 2024; underwriting profit reached $1.8 billion with a 93% combined ratio.
Interest and dividend income increased to $2.7 billion, and investment portfolio nearly doubled since 2017 to $75 billion.
Float exceeded $40 billion, compounding at 18% since inception.
Share count reduced by 25% over recent years, enhancing per-share metrics.
Board and executive committee updates
Recognized retiring director David Johnston and welcomed new board nominees.
Highlighted succession planning, with Peter Clarke taking on greater leadership.
- Record $4,772.4M earnings and 20.5% book value growth, led by strong underwriting and investments.FFH
Q4 202520 Feb 2026 - Q2 net earnings rose 23% to $915.4M, with strong insurance results and robust capital position.FFH
Q2 20242 Feb 2026 - Q3 net earnings surpassed $1B, with 11.7% book value growth and strong premium expansion.FFH
Q3 202417 Jan 2026 - Record net earnings, premium growth, and book value increase despite catastrophe and FX headwinds.FFH
Q4 20248 Jan 2026 - Strong results, leadership transitions, and strategic growth marked the 40th annual meeting.FFH
AGM 20257 Jan 2026 - Q1 2025 net earnings rose to $946M, driven by investment gains despite wildfire losses.FFH
Q1 202525 Dec 2025 - Exchange offer for $1.75B in senior notes, no change to leverage, with broad risk disclosures.FFH
Registration Filing29 Nov 2025 - Exchange offer for $1.75B in senior notes, no new proceeds, strong coverage, key risks disclosed.FFH
Registration Filing29 Nov 2025 - Exchange offer for $900M in senior notes, no new cash, strong capital, broad risk profile.FFH
Registration Filing29 Nov 2025
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