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Fairfax Financial Holdings reports first-quarter profit of $161.6 million

Canadian Press, The Canadian Press
0 Comments| May 3, 2013

TORONTO - Fairfax Financial Holdings Ltd. (TSX:FFH) said it earned $161.6 million in its latest quarter, boosted by strong underwriting results and an income tax recovery.

The property and casualty insurance company, which keeps its books in U.S. dollars, said Thursday the profit amounted to $7.12 per diluted share for the quarter ended March 31 compared with a loss of $2.6 million or 76 cents per share a year ago.

© The Canadian Press, 2013

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