Fairfax Financial Holdings Ltd (TSE:FFH) has released an update.
Fairfax Financial Holdings Ltd reported a robust start to 2024 with net earnings of $776.5 million in Q1, marking an increase from the previous year, driven by a strong performance in their property and casualty insurance and reinsurance operations. The company’s book value per share saw a modest rise to $945.44, even after a dividend payout. Despite market volatility, which resulted in net investment losses due to rising interest rates, the company’s strategic acquisitions and solid underwriting performance contributed to overall growth.
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