Fairfax Financial Reports Q4 2024 Earnings of $1.3 Billion, Down from $1.7 Billion in 2023

1 min read | February 14, 2025 01:53 AM EST | By Team Kalkine Media

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Fairfax Financial Reports Q4 2024 Earnings of $1.3 Billion, Down from $1.7 Billion in 2023 — Image source: shutterstock

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Highlights

Q4 2024 net earnings totaled $1.3 billion, compared to $1.7 billion in Q4 2023.

Gross premiums written increased to $7.5 billion, up from $6.6 billion a year earlier.

Full-year 2024 earnings reached $4.3 billion, down from $5.1 billion in 2023.

Fairfax Financial Holdings Ltd. (TSX:FFH) has reported a net income of $1.3 billion for the fourth quarter of 2024, reflecting a decline from $1.7 billion recorded during the same period in 2023. The company's earnings per diluted share also dropped, coming in at $50.42, compared to $52.87 per diluted share a year earlier.

Despite the drop in net earnings, gross premiums written showed strong growth, increasing to $7.5 billion in Q4 2024 from $6.6 billion in Q4 2023. The company's adjusted operating income for property and casualty insurance and reinsurance also rose, reaching $1.5 billion, compared to $1.2 billion a year prior.

For the full fiscal year 2024, Fairfax posted earnings of $4.3 billion, down from $5.1 billion in 2023. However, gross premiums written grew significantly, rising to $32.8 billion, up from $29.2 billion the previous year.

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