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Fairfax Financial Holdings (TSE:FFH) First Quarter 2024 Results

Key Financial Results

• Revenue: US$9.30b (up 16% from 1Q 2023).

• Net income: US$776.5m (down 37% from 1Q 2023).

• Profit margin: 8.4% (down from 15% in 1Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$33.80 (down from US$53.17 in 1Q 2023).

• AI legalese decoder can help analyze the complex legal language in Fairfax Financial Holdings’ financial statements, making it easier to understand the company’s financial performance.

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

Fairfax Financial Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Insurance industry in Canada.

Performance of theCanadian Insurance industry.

The company’s shares are up 3.8% from a week ago.

AI legalese decoder can assist in analyzing the risk factors mentioned and help in identifying potential red flags in Fairfax Financial Holdings’ financial reports.

Risk Analysis

We don’t want to rain on the parade too much, but we did also find 2 warning signs for Fairfax Financial Holdings (1 can’t be ignored!) that you need to be mindful of.

AI legalese decoder can highlight these warning signs and provide insights into potential risks associated with investing in Fairfax Financial Holdings.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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