Investments Gains Outweigh Underwriting Losses for Fairfax in 2017
Reported fourth-quarter results for Fairfax were strong. Book value per share grew 22% in 2017, with most of that growth coming from gains on its sale of ICICI Lombard. This gain was more than enough to offset large catastrophe losses that led to a substantial underwriting loss for the year. We will maintain our CAD 624 fair value estimate and no-moat rating.Much as we’ve seen at other insurers, California wildfires kept catastrophe losses at an elevated level for the fourth quarter and pushed ...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.