Fairfax Financial Holdings Full Year 2024 Earnings: EPS: US$173 (vs US$187 in FY 2023)

Fairfax Financial Holdings (TSE:FFH) Full Year 2024 Results

Key Financial Results

• Revenue: US$34.8b (up 9.3% from FY 2023).
• Net income: US$3.87b (down 11% from FY 2023).
• Profit margin: 11% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$173 (down from US$187 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fairfax Financial Holdings Earnings Insights

The primary driver behind last 12 months revenue was the Insurance and Reinsurance - Odyssey Group segment contributing a total revenue of US$5.90b (17% of total revenue). Notably, cost of sales worth US$21.6b amounted to 62% of total revenue thereby underscoring the impact on earnings.Explore how FFH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in Canada.

Performance of the Canadian Insurance industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Fairfax Financial Holdings has 2 warning signs (and 1 which is concerning) we think you should know about.

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