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Posted by
Two Blokes May 2 -
Filed in
Stock
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Fairfax Financial Holdings Limited's Q1 results affirm my BUY rating, driven by strong underwriting, a hard insurance market, higher interest rates, and aggressive buybacks. Despite California wildfires causing significant losses, Fairfax delivered $100 million in underwriting profit, showcasing the strength and diversification of its operations. Fairfax's book value per share increased to $1,080.38, supported by strong investment income, premium growth, and ongoing share buybacks.
