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Mar 23, 2026 8:01 AM

Onex Releases Convex' Fourth Quarter and Fiscal 2025 Full Supplemental Information Package

All amounts in U.S. dollars unless otherwise stated

TORONTO, March 23, 2026 (GLOBE NEWSWIRE) -- Onex Corporation (TSX:ONEX) today released Convex Group Limited's ("Convex") audited financial results for the fourth quarter and full year 2025. This Supplemental Information Package follows the summary financial information released with Onex' results on February 20 and is available on Onex' website at https://www.onex.com/convex.

Convex delivered strong performance in 2025, with Gross Premium Written and Net Premium Earned increasing by 14% and 20%, respectively, year-over-year. Underwriting results remained robust with a combined ratio of 89% and benefited from continued improvement in the expense ratio as Convex scales and captures operating leverage. Net income increased 40% to $711 million in 2025, up from $506 million in 20241.

Onex invested $3.8 billion of capital in Convex on February 6, 2026. Beginning in Q1 2026, Onex will provide an estimate of the fair value of its Convex investment.

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