Fairfax Financial more than doubles first-quarter earnings at US$1.3-billion

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Chairman and CEO Prem Watsa said that significantly higher operating income from Fairfax’s property and casualty insurance and reinsurance operations reflected increased interest and dividends

says it earned US$1.3-billion in the first quarter of 2023, more than double earnings of US$588.7-million a year earlier.

The Toronto-based company, which reports in U.S. dollars, says net earnings per diluted share were US$49.38, compared with US$22.67 the same quarter a year earlier.Fairfax says gross premiums written totalled US$7.1-billion in the quarter ended March 31, up from US$6.7-billion a year earlier.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 5. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Sun Life Financial sees first quarter earnings rise to $806 million - BNN BloombergSun Life Financial Inc. says net income for the first quarter was $806 million, up more than 21 per cent from $665 million a year earlier.
Bron: BNNBloomberg - 🏆 83. / 50 Lees verder »

CI Financial selling stake in U.S. wealth business to pay down debt, shares soarGroup of institutional investors to pay $1.34-billion for minority investment
Bron: globeandmail - 🏆 5. / 92 Lees verder »

CI Financial shares soar after deal to sell stake in U.S. wealth management business - BNN BloombergShares in CI Financial Corp. soared after it announced a deal to sell a 20 per cent stake in its U.S. wealth management business to a group of institutional investors for about $1.34 billion.
Bron: BNNBloomberg - 🏆 83. / 50 Lees verder »