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Fairfax Financial Holdings ( (TSE:FFH) ) just unveiled an update.
Fairfax Financial Holdings reported a net earnings decrease to $3,874.9 million for 2024 from $4,381.8 million in 2023, despite achieving a record underwriting profit of $1.8 billion and a consolidated combined ratio of 92.7%. The company’s property and casualty operations reported strong performance with adjusted operating income of $4.8 billion. Premium growth was fueled by the acquisition of Gulf Insurance, contributing significantly to the annual figures. However, unrealized foreign currency losses impacted comprehensive income, and the company undertook significant share repurchases. Fairfax ended the year with a robust financial position, including $2.5 billion in cash and investments, underscoring its strategic focus on financial stability.
More about Fairfax Financial Holdings
Fairfax Financial Holdings Limited operates in the financial sector, focusing primarily on property and casualty insurance and reinsurance services. The company is known for its diverse portfolio, including significant investments and insurance operations, with a market focus on providing comprehensive financial solutions globally.
YTD Price Performance: 1.95%
Average Trading Volume: 4,463
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $34.19B
For a thorough assessment of FFH stock, go to TipRanks’ Stock Analysis page.
