Hurricane charge curbs earnings growth
Revenue jumps 66%
Investment income jumps 90%
Summer storms bite into earnings
Fairfax Financial Holdings Ltd. reported a wider loss in the the third quarter due to charges incurred by hurricanes Katrina and Rita.After markets closed Thursday, the Toronto-based insurance holding company reported a loss of US$220 million, or US$13.83 a share, for the quarter ended September 30.That was double the loss of US$109.4 million, or US$8.08 […]
Takes $51 million charge on sale of Chilean investment
Average daily volume up 62%
Firm has team necessary to succeed, CEO says
Net income increases for fourth consecutive quarter
Total assets surpass $3 billion in third quarter