Fairfax Financial Holdings Full Year 2022 Earnings: Beats Expectations
Fairfax Financial Holdings (TSE:FFH) Full Year 2022 Results
Key Financial Results
Revenue: US$26.8b (up 2.4% from FY 2021).
Net income: US$1.15b (down 66% from FY 2021).
Profit margin: 4.3% (down from 13% in FY 2021).
EPS: US$48.53 (down from US$129 in FY 2021).
FFH Profitability Indicators
Combined ratio: 94.7% (down from 95.0% in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fairfax Financial Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 36%.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Insurance industry in Canada.
Performance of the Canadian Insurance industry.
The company's shares are up 7.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 5 warning signs for Fairfax Financial Holdings (of which 1 is significant!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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