Fairfax Financial takes loss on investments

TORONTO Thu Oct 31, 2013 5:15pm EDT

TORONTO Oct 31 (Reuters) - Fairfax Financial Holdings Ltd , the Canadian property and casualty insurer run by investment guru Prem Watsa, reported a third-quarter loss on Thursday, due largely to unrealized losses in its investment portfolio.

The Toronto-based company, which is leading a $4.7 billion bid for smartphone maker Blackberry, posted a net loss of $571.7 million, or $29.02 a share, for the quarter ended Sept. 30.

That compared with a year-before profit of $33.4 million, or 84 cents a share.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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