Fairfax grows underwriting income despite $211mn in cats
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Fairfax grows underwriting income despite $211mn in cats

James Thaler
April 29, 2021
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fairfax-financial-logo-toronto.jpg

Fairfax Holdings grew its underwriting income by 45% in the first quarter—to $149mn—despite absorbing $211mn in catastrophe losses, as better results at Brit, Allied World, and Northbridge outweighed a downturn at Crum & Forster.

The Canadian holding company grew operating income within its insurance businesses to $298mn, from $225mn last year. Overall, the business reported $806mn net earnings, after recording a $1.3bn

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