Fairfax Financial Holdings Limited announced today that it has acquired, through certain of its subsidiaries, a total of 3,539,400 Class B non-voting shares of Torstar Corporation, representing approximately 4.9% of the issued and outstanding Class B Shares, bringing Fairfax’s total holdings in Torstar to 19,439,050 Class B Shares or approximately 27.4% of the total Class B Shares outstanding.
Fairfax Financial Holdings Limited announces net earnings of $238.7 million in the second quarter of 2016 ($9.58 net earnings per diluted share after payment of preferred share dividends) compared to a net loss of $185.7 million in the second quarter of 2015 ($8.87 net loss per diluted share after payment of preferred share dividends), reflecting a net gain on investments, partially offset by a provision for (rather than a recovery of) income taxes, a lower share of profit of associates and a lower underwriting profit primarily as a result of catastrophe losses.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, July 29, 2016 to discuss its 2016 second quarter results which will be announced after the close of markets on Thursday, July 28 and will be available at that time on its website: www.fairfax.ca.
Fairfax Financial Holdings Limited announced today that it has entered into an agreement with Zurich Insurance Company Ltd to acquire 100% of its South African and Botswana operations, Zurich Insurance Company South Africa Limited (“ZICSA”).
Fairfax Financial Holdings Limited announced today that it has, through its wholly-owned subsidiary, Fairfax Asia Limited, entered into an agreement with PT Paninvest Tbk and its affiliates (collectively, the “Panin Group”) to acquire an 80% interest in PT Asuransi Multi Artha Guna Tbk (“AMAG”), an Indonesian insurer.
Fairfax Financial Holdings Limited announces that it has declared the quarterly dividends per share on its preferred shares.
Fairfax Financial Holdings Limite, recognizing that the situation in Fort McMurray is the worst natural disaster in Canadian history, is increasing its initial $200,000 donation to the Canadian Red Cross to $1,000,000, exclusively for the services the Red Cross is providing for relief from that disaster.
Fairfax Financial Holdings Limited announces a net loss of $51.0 million in the first quarter of 2016 ($2.76 net loss per diluted share after payment of preferred share dividends) compared to net earnings of $225.2 million in the first quarter of 2015 ($9.71 per diluted share after payment of preferred share dividends), reflecting a net loss on investments, partially offset by a lower provision for income taxes and increased interest and dividend income.
Fairfax Financial Holdings Limited is pleased to announce the results of the vote on Directors at its April 14, 2016 Annual Shareholders’ Meeting.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, April 29, 2016 to discuss its 2016 first quarter results which will be announced after the close of markets on Thursday, April 28 and will be available at that time on its website www.fairfax.ca.