Fairfax Financial Holdings Ltd. announced that its estimate of aggregate potential net losses relating to Hurricane Wilma is US$200 million before tax and minority interests, or approximately US$112 million after tax and minority interests.

The estimated hurricane losses are recorded within Fairfax’s insurance and reinsurance companies as follows:

  • OdysseyRe, US$125 million (before tax), US$64 million (after tax);
  • Crum & Forster, US$45 million (before tax), US$29 million (after tax);
  • Group Re, US$15 million (before tax), US$13 million (after tax);
  • Northbridge, US$15 million (before tax) US$6 million (after tax).

The above estimates are based on currently available information.