
Overview
Canada insurance holding firm reported fiscal 2025 net earnings up 23.2% yr/yr
Company achieved record underwriting profit of $1.8 bln in fiscal 2025
Company repurchased 1,006,535 shares for cancellation at $1.6 bln cost
Outlook
Company did not provide specific guidance for future quarters or full year in the press release
Result Drivers
UNDERWRITING PROFIT - Record underwriting profit of $1.8 bln achieved with a consolidated combined ratio of 93.0%
INVESTMENT GAINS - Net gains on investments of $3.2 bln, driven by common stocks and bonds
PREMIUM GROWTH - Gross premiums written grew by 2.3% to $33.3 bln, driven by new business and rate increases
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Gross Premiums |
| $7.71 bln |
|
Q4 Net Income |
| $1.48 bln |
|
Q4 Investments Gains |
| $717.10 mln |
|
Q4 Pretax Profit |
| $1.76 bln |
|
Q4 Underwriting Profit |
| $752.50 mln |
|
Press Release: ID:nGNX5v2nWn
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