Fairfax Financial Holdings Ltd
FFH
ISIN CA3039011026 / Valor 687650
Fairfax Financial Holdings Ltd
UMushroom community rating:
About company
Fairfax Financial Holdings Ltd is a holding company founded in 1985, primarily engaged in property and casualty insurance and reinsurance, as well as investment management. The company's corporate objective is to achieve a 15% growth in book value per share over the long term. Fairfax differentiates itself by combining disciplined underwriting and investing its assets on a value-oriented total return basis, aiming to provide above-average returns over the long term.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Net Earnings
Fairfax Financial Holdings Ltd reported net earnings of $1,030.8 million for the third quarter of 2024, translating to $42.62 per diluted share after preferred share dividends. This performance was primarily driven by increased adjusted operating income and net gains on investments.
Book Value
The book value per basic share for Fairfax Financial Holdings Ltd increased to $1,033.18 as of September 30, 2024, from $939.65 at the end of 2023. This represents an 11.7% increase, adjusted for the $15 per common share dividend paid earlier in the year.
Underwriting Performance
Fairfax Financial Holdings Ltd's property and casualty insurance and reinsurance operations reported an underwriting profit of $389.7 million in the third quarter of 2024. The consolidated combined ratio improved to 93.9%, despite higher catastrophe losses of $434.5 million during the period.
Premium Growth
Gross premiums written by Fairfax Financial Holdings Ltd grew by 13.9% in the third quarter of 2024, reaching $8,302.2 million. Net premiums written increased by 10.0%, largely due to the acquisition of Gulf Insurance, which contributed significantly to the growth in premiums.
Investment Gains
Fairfax Financial Holdings Ltd recorded net gains on investments of $1,287.3 million in the third quarter of 2024. This was mainly due to mark-to-market gains on bonds and common stocks, contributing to the overall strong financial performance for the quarter.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
32334 M
Market cap (USD)
42,997
Daily traded volume (Shares)
2010 / 1988.01
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
