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Fairfax Financial Holdings Ltd Shs Subord.Vtg FFH Stock Quote

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Morningstar‘s Stock Analysis FFH

Currency in CAD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


Catastrophe Losses and Investment Hits Have Pushed Fairfax to a Loss in Third Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Fairfax had a rough third quarter, with catastrophe losses and mark-to-market investment impacts pushing the company to a modest loss in the quarter. In our view, the results speak to the potential volatility the company’s approach creates. Book value per share, adjusted for dividends, is down 8% since the start of the year. However, we see nothing in the quarter to materially alter our long-term view, and will maintain our CAD 636 fair value estimate and no-moat rating.

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Key Statistics FFH

Company Profile FFH

Business Description

Fairfax Financial offers reinsurance and property and casualty insurance in Canada, the United States, and other international markets. About 25% of premiums come from reinsurance activities, and almost 30% of premiums are generated from outside Canada and the U.S. The company also has some noninsurance operations such as restaurants. Fairfax has been led by Prem Watsa, its chairman and CEO, since its formation in 1985.

95 Wellington Street West, Suite 800
Toronto, ON, M5J 2N7, Canada
T +1 416 367-4941
Industry Insurance - Property & Casualty
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 39,040