Fairfax Financial Holdings Limited announces the signing of a merger agreement with Hartville Group, Inc., of Canton, Ohio, pursuant to which Hartville will become wholly-owned by Crum & Forster’s United States Fire Insurance Company. The transaction, which is subject to customary conditions including regulatory approval, is expected to close early in the third quarter of 2013.
Fairfax Financial Holdings Limited announces net earnings of $161.6 million in the first quarter of 2013 ($7.12 per diluted share after payment of preferred share dividends) compared to a net loss of $2.6 million in the first quarter of 2012 ($0.76 net loss per diluted share after payment of preferred share dividends), primarily reflecting strong underwriting results and also an income tax recovery resulting from non-taxable investment income, tax rate differences and the utilization of losses and timing differences that were not previously recognized.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, May 3, 2013 to discuss its 2013 first quarter results which will be announced after the close of markets on Thursday, May 2 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 11, 2013 Annual Shareholders’ Meeting. Issuers listed on the Toronto Stock Exchange are required to issue a news release providing this information.
Fairfax Financial Holdings Limited announces the signing of an agreement with GMP Securities L.P. (“GMP”), for GMP’s purchase from Fairfax of 9,897,509 common shares and 16,334,000 common share purchase warrants of Imvescor Restaurant Group Inc., representing 23.6% of the common shares of Imvescor on a non-diluted basis and 45.0% of the common shares of Imvescor if the warrants being sold were exercised.
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 fiscal year 2012 net earnings of $532.4 million ($22.94 per diluted share after payment of preferred share dividends) compared to $45.1 million ($0.31 net loss per diluted share after payment of preferred share dividends) in 2011, reflecting a return to profitable underwriting results after the large catastrophe losses of 2011.
Fairfax Financial Holdings Limited announces that on March 11, 2013, it is redeeming all of its 7.75% Senior Notes due 2017 (the “Notes”) at a redemption price of 103.875% of the principal amount of the Notes plus accrued and unpaid interest, if any. There is approximately $36 million principal amount of Notes currently outstanding.
Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, February 15, 2013 to discuss its 2012 year-end results which will be announced after the close of markets on Thursday, February 14 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited has completed its previously announced offering of $250 million in aggregate principal amount of a re-opening of 5.84% Senior Notes due 2022 at a price of $103.854 per $100 principal amount, plus accrued interest, for an effective yield to maturity of 5.326%. The original issuance of the Senior Notes was completed in October 2012.