Pethealth is one of North America’s largest providers of medical insurance for dogs and cats to pet owners, operating in the United States, Canada and the United Kingdom, and is the leading provider of management software to North American animal welfare organizations and pet related database management services to the North American companion animal industry.
Fairfax Financial Holdings Limited announced today that Ray Roy has determined to retire in January, 2015 as CEO of Fairfax’s subsidiary, MFXchange Holdings, Inc. (“MFX”), but will remain as Non-Executive Chairman. Mr. Roy established MFX and has faithfully served as its CEO since inception. In planning for Mr. Roy’s retirement, Fairfax, in close consultation with Mr. Roy, is integrating MFX with the IKYA Group (“IKYA”), a Fairfax subsidiary within the Thomas Cook India Group, with a strategic focus designed to leverage the technology capabilities of both organizations and create significant growth opportunities for the combined entities on a global basis.
Fairfax Financial Holdings Limited announces net earnings of $461.2 million in the third quarter of 2014 ($20.68 per diluted share after payment of preferred share dividends) compared to a net loss of $571.7 million in the third quarter of 2013 ($29.02 net loss per diluted share after payment of preferred share dividends), reflecting net gains on its investment portfolio and improved underwriting results.
Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, October 31, 2014 to discuss its 2014 third quarter results which will be announced after the close of markets on Thursday, October 30 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited announces today that the Toronto Stock Exchange (the “TSX”) accepted a notice filed by Fairfax of its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares, Cumulative 5-Year Rate Reset Preferred Shares, Series C (“Series C Shares”), Cumulative 5-Year Rate Reset Preferred Shares, Series E (“Series E Shares”), Cumulative 5-Year Rate Reset Preferred Shares, Series G (“Series G Shares”), Cumulative 5-Year Rate Reset Preferred Shares, Series I (“Series I Shares”), and Cumulative 5-Year Rate Reset Preferred Shares, Series K (“Series K Shares” and, together with the Series C Shares, Series E Shares, Series G Shares and Series I Shares, the “Preferred Shares”) through the facilities of the TSX.
Fairfax Financial Holdings Limited announces that it has declared a quarterly dividend of C$0.359375 per share on its Series C Preferred Shares, C$0.296875 per share on its Series E Preferred Shares, C$0.3125 per share on its Series G Preferred Shares, C$0.3125 per share on its Series I Preferred Shares and C$0.3125 per share on its Series K Preferred Shares. The dividends are payable on September 30, 2014 to shareholders of record on September 16, 2014. Applicable Canadian withholding tax will be applied to dividends payable to non-residents of Canada.
Fairfax Financial Holdings Limited and Pethealth Inc. announced today that they have entered into an arrangement agreement (the “Arrangement Agreement”) under which Fairfax will acquire all of the outstanding common shares of Pethealth for $2.79 per share in cash.
Fairfax Financial Holdings Limited announced today that its wholly-owned subsidiary, Fairfax (US) Inc. (the “Issuer”), has priced a private offering of US$300 million of the Issuer’s 4.875% Senior Notes due 2024 (the “Notes”) at an issue price of 99.026%. The Notes will be guaranteed by Fairfax.
Fairfax Financial Holdings Limited announced today that its wholly-owned subsidiary, Fairfax (US) Inc. (the “Issuer”), intends to offer, subject to market and other customary conditions, senior notes due 2024 (the “Notes”). The Notes will be guaranteed by Fairfax.
Fairfax Financial Holdings Limited announces net earnings of $363.7 million in the second quarter of 2014 ($16.15 per diluted share after payment of preferred share dividends) compared to a net loss of $157.8 million in the second quarter of 2013 ($8.55 net loss per diluted share after payment of preferred share dividends), reflecting net gains on its investment portfolio and improved underwriting results.