Fairfax Financial Holdings (TSE:FFH) has released an update.
Fairfax Financial Holdings reported a significant increase in net earnings to $915.4 million in the second quarter of 2024, bolstered by adjusted operating income of $1,119.4 million and net gains on investments. The company’s book value per share also grew by 6.0%, and its underwriting performance remained strong with a consolidated combined ratio of 93.9%. Growth was further supported by the acquisition of Gulf Insurance, which contributed substantially to their premiums written.
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