Fairfax Financial Reports Strong Q1 Earnings with Capital Returns and Major Disposals
Fairfax Financial reported strong first-quarter results, including operating income of CAD 1.2 billion from insurance and reinsurance operations, underwriting income of CAD 382 million, and net earnings of CAD 696 million. The company also announced significant capital returns through share repurchases and planned asset disposals expected to generate over CAD 2.8 billion in pre-tax gains.
Topics: capital returns insurance investment losses reinsurance underwriting income