Northwire Canada EditionSunday, October 18, 2026
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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
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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