Northwire Canada EditionTuesday, July 14, 2026
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SPA 0.305 −3.2% AII 21.24 −9.2% MEK 0.045 −10.0% AUGC 0.145 −3.3% SKP 0.145 +3.6% RLYG 0.455 +0.0% B 0.195 −11.4% CVV 0.330 −2.9% STND 0.090 +5.9% NEV 0.040 +0.0% SF 0.340 −2.9% CAM 0.310 +0.0% INTR 0.660 −4.3% IE 12.47 −2.4% SEVA 0.320 +0.0% MAI 4.70 −5.0% SPA 0.305 −3.2% AII 21.24 −9.2% MEK 0.045 −10.0% AUGC 0.145 −3.3% SKP 0.145 +3.6% RLYG 0.455 +0.0% B 0.195 −11.4% CVV 0.330 −2.9% STND 0.090 +5.9% NEV 0.040 +0.0% SF 0.340 −2.9% CAM 0.310 +0.0% INTR 0.660 −4.3% IE 12.47 −2.4% SEVA 0.320 +0.0% MAI 4.70 −5.0%
Earnings

Onex earns $711-million (U.S.) in 2025

By The Northwire Desk — AI Analysis Mar 23, 2026 · 12:36 ONEX · 97.09 Onex Corp
ONEX · Price

Executive Summary

  • Convex Group Ltd. reported a 40% increase in net income to $711 million for FY 2025, driven by higher gross premiums (+14%) and net premiums earned (+20%).
  • The combined ratio improved to 89%, reflecting strong underwriting performance and better expense management as scale increases.
  • Onex Corp. invested $3.8 billion in Convex on Feb. 6 2026 and will begin providing fair‑value estimates of this investment starting Q1 2026.

Key Details

  • Gross Premium Written (2025): Up 14% YoY.
  • Net Premium Earned (2025): Up 20% YoY.
  • Combined Ratio: 89%, indicating underwriting profitability.
  • Net Income (2025): $711 million, a 40% increase from $506 million in 2024.
  • Onex Investment in Convex: $3.8 billion capital infusion on Feb. 6 2026.
  • Fair‑Value Reporting: Onex will commence quarterly fair‑value estimates of its Convex investment beginning Q1 2026.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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