Fairfax Financial Holdings Shares Fall as Investment Losses Weigh on Profit in 1Q

Published: 2026-05-01 11:20:14 ET FFH.TO

Published on 05/01/2026 at 11:20 am EDT

By Adriano Marchese

Shares of Fairfax Financial Holdings were lower Friday after the company reported lower income in the first quarter as losses on investments dragged profit.

Shares fell 5.6% to 2,221.34 Canadian dollars ($1,635.67).

The Canadian insurance and investment holding company late Thursday reported a decline in net income to $737.22 million, from $953 million a year earlier.

The decline was driven mainly by a drop in the value of its bond portfolio as interest rates rose, as well as lower equity investments, which fell in value, adding to the overall loss. Altogether, the investment portfolio logged a net loss of $385.9 million for the quarter.

Gross premiums written rose 4% to $8.81 billion, above forecasts of $8.62 billion, according to FactSet.

Net premiums written rose 4% as well to $7.12 billion, while net insurance revenue came to $6.45 billion, a 4.9% increase, but shy of forecasts of $6.68 billion.

Write to Adriano Marchese at [email protected]

(END) Dow Jones Newswires

05-01-26 1119ET