Fairfax Financial Holdings Ltd.

In the first six months of 2023, GPW rose 8.7% year over year, building on last year's strong price increases in most lines of business and new business writings. In 2022, Fairfax had a strong combined ratio of 94.9% (including corporate expenses and excluding run-off; 94.7% as reported), despite elevated natural catastrophe losses and the Russia-Ukraine conflict-related losses. Similarly, in the first six months of 2023, Fairfax produced strong underwriting results with a reported undiscounted combined ratio of 93.9%. Fairfax continues to adjust its investment mix to take advantage of rising interest rates and deploy its cash and cash equivalents, and short-term investments, totaling $7.09 billion at the end of second quarter 2023. This is down from $10.39 billion at

...Fairfax Financial Holdings Ltd. (TSX: FFH) benefits from its large and diversified P/C re/insurance operations, which are well established in their respective markets. In 2022, Fairfax's gross premiums written (GPW) jumped 15.8% to $27.56 billion (excluding run-off and life), benefiting from favorable P/C re/insurance pricing. Based on 2022 premiums, Fairfax had the second largest Lloyd's syndicate, ranked the fourth largest U.S. excess and surplus writer, the fourth largest Canadian commercial lines writer, and one of the top 20 global reinsurers. With the announced acquisition earlier this year of Gulf Insurance Group, Fairfax will also become the third largest insurer in the Middle East and North Africa (MENA) region. In the first six months of 2023, GPW rose 8.7% year over year, building on last year's strong price increases in most lines of business and new business writings. In 2022, Fairfax had a strong combined ratio of 94.9% (including corporate expenses and excluding run-off;...

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