Fairfax profit leaps on underwriting, gains

Thu, 07/30/2009 - 18:01 EDT story from Financial Post - Top Stories
 

Fairfax Financial Holdings Ltd. reported a solid profit Thursday as its underwriting operations turned to profit and investments gained strongly, but the insurance holding company warned future quarters may be bumpy.

Related

  • Australia's Fairfax to charge for online content

    Australian publishing giant Fairfax Media Friday said it would begin charging for online content in the increasingly cut-throat newspaper environment as it reported a return to profit.Fairfax reported an annual net profit of 282 million dollars (250 million US), rebounding from a 380 million dollar loss a year earlier as advertising revenues rallied seven percent and the firm shrunk its debt."Our strong and stable management has made our business more efficient and improved our brand in print, online and broadcasting," said Fairfax CEO Brian McCarthy.

  • Investment losses weigh on Fairfax Q1 result

    Fairfax Financial Holdings Ltd said Thursday it had a net loss in the first quarter as investments shed value in volatile markets.

  • SEC office recommends no action against Fairfax Financial

    The New York office of the Securities and Exchange Commission won’t recommend any enforcement action against Fairfax Financial Holdings Ltd. (FFH) after looking into the insurance holding company’s nontraditional reinsurance products.

  • Travelers Fourth-Quarter Profit Jumps on Underwriting

    Travelers, the largest publicly traded U.S. property-casualty insurer, said quarterly profit jumped, solidly beating analysts' forecasts, helped by strong gains in underwriting and investment.

  • Fairfax says insurance market still soft

    Fairfax Financial Holdings Ltd. said on Friday the insurance market remains soft and that the company continues to put a priority on maintaining a strong financial position rather than on expending capital.

  • Fairfax completes US$200-million equity issu

    Fairfax Financial Holdings Ltd. said proceeds will be used to help finance the purchase of Zenith National Insurance Corp.

  • Fairfax Financial Holdings Ltd. Q2 2010 Earnings Call Transcript

    Fairfax Financial Holdings Ltd. (FRFHF.PK) Q2 2010 Earnings Call Transcript July 30, 2010 8:30 am ETComplete Story »

  • Australia's Fairfax to charge for online content

    Australian publishing giant Fairfax Media Friday indicated it would begin charging for online content in the increasingly cut-throat newspaper environment as it reported a return to profit.Fairfax said its digital network audience had grown 18 percent over the past year and it now had 30 million unique users a month, with its online business the group's fastest-growing segment and second-most profitable.

  • Fairfax is said to near US$1.3-billion buyout of Zenith

    Fairfax Financial Holdings Ltd., the Canadian insurer run by Prem Watsa, is nearing an agreement to buy California’s Zenith National Insurance Corp.

  • Why Fairfax Financial Looks Undervalued

    Greg Speicher submits: I believe that Fairfax Financial Holdings Limited (Fairfax) (FRFHF.PK) is undervalued and is worth as much as $574.00 per share. (All dollar amounts in this analysis are in U.S. dollars including the share price.)

 
S&P 500: 1104.18 0.48% |FTSE: 5494.16 1.17% |Nikk.: 9279.81 1.95% |DAX: 6221.52 0.92% |HSI: 21176.051 0.04% |
FX: EUR/GBP: 1.2169 | USD/EUR: 1.2654 | JPY/USD: 84.225 | Commodities: Gold: 1245.55 | Crude - CLH09.NYM: 0.00 |