Bullboard - Stock Discussion Forum Fairfax Financial Holdings Ltd T.FFH

Alternate Symbol(s): FRFHF | T.FFH.PR.C | FXFLF | FRFZF | T.FFH.PR.D | FRFGF | T.FFH.PR.E | FXFHF | 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 > It's a Beat

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Post by retiredcf on Feb 16, 2024 7:37am

It's a Beat

Canadian insurer Fairfax Financial Holdings beat estimates for fourth-quarter profit, helped by higher gains from investments. Firming bets that central banks will cut rates this year are fueling a stock market rally, which has driven strong gains on investments for companies with substantial exposure to equities. Fairfax’s equity exposure drove net gains from investments to $2.13-billion in the fourth quarter, up from $1.09-billion last year. The results were released after Thursday’s close. -Reuters

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Comment by retiredcf on Feb 16, 2024 7:40am

The earnings beat comes just a week after Muddy Waters said it had taken a short position in Fairfax, citing manipulation in its asset values. Fairfax has rejected the short seller’s report, calling it “false and misleading.” Net insurance revenue was up at $5.68-billion from $5.31-billion in the year-ago period. The Toronto-based insurance company posted a consolidated combined ratio ...more

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