Fairfax Financial Holdings (TSE:FFH) has released an update.
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Fairfax Financial Holdings reported strong financial results for the third quarter of 2024, with net earnings reaching $1,030.8 million, driven by robust underwriting performance and significant investment gains. The company’s property and casualty insurance operations saw impressive growth in premiums, largely due to the acquisition of Gulf Insurance. Despite facing higher catastrophe losses, Fairfax maintained a solid financial position with substantial cash reserves and investments.
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