Fairfax has a great quarter, posting earnings of $325.2 million

Fairfax Financial Holdings Ltd. has reported quarterly earnings of $325.2 million (U.S.) compared to a profit of $275.4 million a year ago.

Revenue for the quarter amounted to $1.81 billion, up from $1.74 billion.

Fairfax is a holding company which through subsidiaries writes property insurance, reinsurance and provides investment management services around the world.

With more than 5,000 employees, Fairfax operates through Northbridge Financial, Lombard, Federated, Crum & Forster, First Capital Insurance, Odyssey Re and many other companies in North America, Asia and elsewhere.

Fairfax has investment stakes in AbitibiBowater and International Forest Products, as well as other well known companies including toy maker Mega Brands, furniture retailer Brick Group, and Jazz Air Income Fund.

Source:

Fairfax books $325.2-million profit (Globe and Mail)