Onex Corporation

Onex Corporation Earnings Recaps

ONEX.TO Financials 1 recap
Next earnings: November 6, 2026 (estimated) · full calendar
Q3 2025 Nov 8, 2025

Onex demonstrates robust strategic advancements in Q3 2025, highlighted by the transformative acquisition of Convex and a strategic partnership with AIG, poised to enhance shareholder value significantly.

Key takeaways
  • The acquisition of Convex, growing gross written premiums by 22% annually, positions Onex for strong future returns with minimal risk.
  • AIG's $2 billion commitment to Onex' funds is expected to generate $15 million to $20 million in incremental fee-related earnings, bolstering financial performance.
  • Onex anticipates Convex will constitute 42% of its balance sheet post-acquisition, with strategies focused on deploying remaining capital towards internal and third-party investments for greater growth.
  • Continued positive momentum in structured credit, with credit performance exceeding expectations and contributing to advancing fee-related earnings for the year.