Fairfax India (FIHU) Q3 2026 earnings summary

Executive summary

• Q3 2026 net earnings attributable to shareholders were $37.6 million, or $0.28 per diluted share, versus $3.2 million, or $0.02, in Q3 2025.

• Book value per share was $20.75 at September 30, 2026, versus $20.74 at June 30 and $22.94 at December 31, 2025.

Financial highlights

• Q3 investment income was $56.0 million, including $36.3 million of realized gains and $20.9 million of net unrealized gains; Q3 2025 income was $49.0 million.

• Q3 net realized gains principally reflected a partial IIFL Finance stake sale for $39.1 million gross proceeds; net unrealized gains included increases in IIFL Finance, IIFL Capital and Maxop fair values.

• Q3 unrealized foreign currency translation losses attributable to shareholders were $36.0 million, primarily due to Indian rupee depreciation against the U.S. dollar.

• First nine months 2026 net loss attributable to shareholders was $105.3 million, or $0.78 per share, versus net earnings of $70.1 million, or $0.52, in 2025.

Outlook and guidance

• Management expects fluctuations in public common stock values quarter to quarter and remains focused on long-term performance.

• Fairfax Financial Holdings expects to fund its proposed IDBI Bank stake purchase through cash or credit sources, potential asset sales and potential contributions of investment interests; agreements and approvals remain pending.