FRFHF Stock Recent News

TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces net earnings of $915.4 million ($37.18 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2024, primarily reflecting increased adjusted operating income of $1,119.4 million and net gains on investments. Book value per basic share at June 30, 2024 was $979.63 compared to $939.65 at December 31, 2023 (an increase of 6.0% adjusted for the $15 per common share dividend paid in the first quarter of 2024).

TORONTO, June 04, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) is pleased to announce that Gobinath Athappan has been appointed Chairman and Chief Executive Officer of Fairfax Asia and will be appointed Chairman of Singapore Re after regulatory approval. Gobi has done an outstanding job over his 23 years with Fairfax and Fairfax Asia. Over this time period, Gobi has been the Chief Executive Officer of each of Fairfax's Falcon Insurance in Hong Kong and Pacific Insurance in Malaysia and has been the Vice-Chairman of Fairfax Asia since 2015.

Fairfax Financial Holdings Limited (OTCPK:FRFHF) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Derek Bulas - VP, Legal Officer Peter Clarke - President and COO Prem Watsa - Chairman and CEO Jen Allen - CFO Wade Burton - President and Chief Investment Officer, Hamblin Watsa Conference Call Participants Tom MacKinnon - BMO Capital Scott Heleniak - RBC Capital Markets Daniel Baldini - Oberon Andrew Goffe - Goffe Holdings Howard Flinker - Flinker and Company Operator Good morning, and welcome to Fairfax's 2024 First Quarter Results Conference Call. [Operator Instructions] And today's conference is being recorded.

YTD book value per share increased 16.4% before dividends and 15% ex-dividends. YTD gross premiums written up 7.5% with a combined ratio of ~94%. Management has repurchased an additional 1% of the company since the start of the year.

Investors are not appreciating Fairfax's earning power due to their focus on historical issues. Fairfax has the potential for a P/B multiple re-rating in the range of 1.25x - 1.50x, leading to a 2x - 3x return on investment over the next 5 years. The company's insurance business has grown 3x and its fixed income portfolio is well-positioned in the current interest rate environment.

Fairfax Financial Holdings has outperformed the S&P 500 by an impressive margin, rallying 66% in the past year. The company's investment portfolio is structured to benefit from high interest rates, resulting in strong growth of interest and dividend income. Despite its recent rally, Fairfax remains cheaply valued, with a price-to-earnings ratio of only 6.0.

Fairfax Financial Holdings is a Canadian $17.6-billion market cap holding company focused on insurance, reinsurance, and investment management. Despite all the difficulties, Fairfax was able to increase its gross premium by 16% year-on-year in FY2022 on a consolidated basis.

Fairfax Financial Holdings Limited (OTCPK:FRFHF) Q4 2022 Earnings Conference Call February 17, 2023 8:30 AM ET Company Participants Derek Bulas - Assistant Vice President, Legal Prem Watsa - Chairman & CEO Peter Clarke - President & COO Jen Allen - CFO Conference Call Participants Nik Priebe - CIBC Capital Markets Tom MacKinnon - BMO Capital Mark Dwelle - RBC Capital Markets Jaeme Gloyn - National Bank Financial Operator Good morning. Welcome to Fairfax's 2022 Year-End Results Conference Call.

TORONTO, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, February 17, 2023 to discuss its 2022 year-end results, which will be announced after the close of markets on Thursday, February 16, 2023 and will be available at that time on its website at www.fairfax.ca. The call, consisting of a presentation by the company followed by a question period, may be accessed at 1 (888) 390-0867 (Canada and U.S.) or 1 (212) 547-0141 (International) with the passcode “FAIRFAX”.

Fairfax Financial Holdings Limited (OTCPK:FRFHF) Q3 2022 Earnings Conference Call November 4, 2022 8:30 AM ET Company Participants Derek Bulas - Assistant Vice President, Legal Prem Watsa - Chairman and CEO Peter Clarke - President and COO Jen Allen - Chief Financial Officer Conference Call Participants Tom MacKinnon - BMO Capital Mark Dwelle - RBC Capital Markets Howard Flinker - Flinker & Company Operator Good morning. And welcome to Fairfax's Third Quarter Results Conference Call.