Morningstar - Fairfax Financial Holdings Limited (FFH) A Bull Market Leads to a Good First Quarter for Fairfax

Report

Morningstar

Brett Horn

EUR 100.00 For Business Accounts Only

A Bull Market Leads to a Good First Quarter for Fairfax

The rise in equity markets in the first quarter led to sizable investment gains for Fairfax and generated good overall profitability. Book value per share, adjusted for dividends, was up 7% from year-end, breaking the trend of lackluster book value growth the company has seen recently. We will maintain our CAD 681 fair value estimate and no-moat rating.
The combined ratio came in at 97.0%, compared with 96.0% last year. This quarterâ€™s level was in line with our expectations of Fairfaxâ€™s underwri...

03/05/2019 12 EN

Underlying

Fairfax Financial Holdings Limited

Fairfax Financial Holdings is a financial services holding company. Through its subsidiaries, Co. is engaged in property and casualty insurance and reinsurance and investment management. Co.'s insurance and reinsurance companies operate on a decentralized basis, with autonomous management teams applying a focused underwriting strategy to their markets. Co.'s investments are centrally managed for all the Co.'s group of companies by Hamblin Watsa Investment Counsel Ltd. Co. operates four main operating segments: Insurance, Reinsurance, Reinsurance and Insurance - Other, and Runoff.

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CA3039011026 Toronto Stock Exchange Canada

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Brett Horn

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A Bull Market Leads to a Good First Quarter for Fairfax

Fairfax Financial Holdings Limited: 1 director

Fairfax Welcomes Mr. Amitabh Kant as Senior Advisor

Fairfax Announces Quarterly Dividend on Series G, H, I, J and K Preferred Shares and Quarterly Dividend Rate for Series H and J Preferred Shares

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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