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.
Fairfax Financial Holdings Limited today announced the signing of a share purchase agreement by its wholly-owned subsidiary, Fairfax Asia Limited (“Fairfax Asia”), to acquire 78% of the general insurance business of Union Assurance PLC (“Union Assurance”), a Sri Lankan insurer. The transaction is subject to customary closing conditions, including the successful completion of due diligence along with regulatory and court approvals, and is expected to close by the first quarter of 2015.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, August 1, 2014 to discuss its 2014 second quarter results which will be announced after the close of markets on Thursday, July 31 and will be available at that time on its website www.fairfax.ca.
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.
Fairfax Financial Holdings Limited announces net earnings of $784.6 million in the first quarter of 2014 ($35.72 per diluted share after payment of preferred share dividends) compared to net earnings of $161.6 million in the first quarter of 2013 ($7.12 per diluted share after payment of preferred share dividends), reflecting realized and unrealized gains on its investment portfolio, together with improved underwriting results.
Fairfax Financial Holdings Limited announced today that it has, through its wholly-owned subsidiary Fairfax Asia Limited, entered into a share purchase agreement pursuant to which it will acquire 80% of PT Batavia Mitratama Insurance (“Batavia”), an Indonesian insurer. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2014.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, May 2, 2014 to discuss its 2014 first quarter results which will be announced after the close of markets on Thursday, May 1 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited is pleased to announce the results of the vote on Directors at its April 9, 2014 Annual Shareholders’ Meeting.