Report
Brett Horn, CFA
EUR 101.80 For Business Accounts Only

After years of hedging his bets, Watsa is all in on Trump.

Fairfax’s third-quarter results were mixed. Like other insurers, Fairfax took a hit from the flurry of natural catastrophes in the quarter, and the company recorded $930 million in catastrophe losses, which pushed it to a sizable underwriting loss. On the other hand, the company’s more bullish investment posture paid dividends, and gains related to ICICI Lombard boosted the bottom line. Book value per share is up 15.4% for the year to date, which is a strong result, although it was driven in par...
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.

Provider
Morningstar
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.

Analysts
Brett Horn, CFA

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