Bullboard - Stock Discussion Forum Fairfax Financial Holdings Ltd FXFHF

Primary Symbol: T.FFH Alternate Symbol(s): FRFHF | T.FFH.PR.C | FXFLF | FRFZF | T.FFH.PR.D | FRFGF | T.FFH.PR.E | T.FFH.PR.F | FAXRF | T.FFH.PR.G | FAXXF | T.FFH.PR.H | FRFXF | T.FFH.PR.I | T.FFH.PR.J | T.FFH.PR.K | FRFFF | T.FFH.PR.M | FFHPF

Financial Services Insurance - Property & Casualty

Fairfax Financial Holdings Limited is a Canada-based holding company. The Company, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management. The Company’s segments include Property and Casualty Insurance and Reinsurance, Life insurance and Run-off and Non-insurance companies. The Property and Casualty Insurance and... see more

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TSX:FFH - Post Discussion

Fairfax Financial Holdings Ltd > NR

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Post by retiredcf on Apr 18, 2023 8:55am

NR

08:22 AM EDT, 04/18/2023 (MT Newswires) -- Fairfax Financial Holdings Limited (FFH.TO, FFH-U.TO) on Tuesday announced its preliminary unaudited estimate of the effect of IFRS 17 on common shareholders' equity as at December 31, 2022. The finalized information will be presented in the company's 2023 first quarter unaudited financial results, which will be released after the close of markets on Thursday, May 11.

The company's preliminary estimate of the effect of IFRS 17 is that it will increase common shareholders' equity as at December 31, 2022 by approximately US$2.2 billion (an increase in book value per share of approximately US$94), reflecting the introduction of discounting net claims reserves (approximately US$4.7 billion, partially offset by a risk adjustment of US$1.7 billion for uncertainty related to the timing and amount of cash flows arising from non-financial risks), partially offset by the tax effect of the measurement changes and other of approximately $0.8 billion.

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