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Fairfax Financial Holdings Ltd (FFH.TO)

FFH.TO on Toronto Stock Exchange

624.00CAD
28 Apr 2017
Change (% chg)

$5.27 (+0.85%)
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$618.73
Open
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Volume
58,534
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50,350
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$777.45
52-wk Low
$586.00

Latest Key Developments (Source: Significant Developments)

Fairfax Financial Holdings qtrly net loss $30.77/shr
Thursday, 16 Feb 2017 05:07pm EST 

Fairfax Financial Holdings Ltd : Fairfax Financial Holdings Limited: financial results for the year ended December 31, 2016 . Fairfax Financial Holdings Ltd says book value per basic share at december 31, 2016 was $367.40 compared to $403.01 at December 31, 2015 . Fairfax Financial Holdings Ltd says qtrly net loss per diluted share $30.77 . Fairfax Financial Holdings Ltd qtrly gross premiums written $2,244.1 million versus $2,202.4 million . Fairfax Financial Holdings Ltd qtrly net premiums written $1,954.6 million versus $1,910.5 million . Fairfax Financial -FY net losses on investments of $1,204 million were primarily as a result of fundamental changes in U.S. in Q4 .Fairfax Financial - "consequently, we removed all our defensive equity index hedges and reduced duration of our bond portfolios to approximately one year".  Full Article

Fairfax Financial to acquire Tower Ltd
Wednesday, 8 Feb 2017 06:34pm EST 

Tower Ltd - : Fairfax Financial to acquire Tower . Deal for all cash offer of $1.17 per tower share, for an aggregate acquisition cost of $197 million . Offer unanimously supported by tower board, in absence of a superior proposal . Each tower director has undertaken to vote all tower shares in his control in favour of fairfax proposal . Board also confirms that fairfax proposal does not impact tower insurance policies and rights of policy holders . Two of tower's major shareholders, salt funds management and acc committed to vote in favour of fairfax proposal .All figures in nz$.  Full Article

Fairfax Africa prices IPO in connection with us$500 mln capital raise
Wednesday, 8 Feb 2017 07:00am EST 

Fairfax Financial Holdings Ltd : Fairfax Africa prices initial public offering in connection with us$500 million capital raise . Says has entered into an underwriting agreement for offering of 5,622,000 subordinate voting shares at $10.00 per share .Fairfax Financial Holdings will issue to Fairfax Financial directly or to one or more of its subsidiaries 30 million multiple voting shares.  Full Article

Allied World Assurance Company Holdings Q4 operating EPS $0.48
Wednesday, 1 Feb 2017 04:05pm EST 

Allied World Assurance Company Holdings Ltd : Allied World reports fourth quarter and full year 2016 results . Q4 operating earnings per share $0.48 . Q4 loss per share $0.47 . Q4 earnings per share view $0.63 -- Thomson Reuters I/B/E/S . Allied World Assurance Company Holdings - Net catastrophe losses of $49.9 million during quarter primarily due to hurricane Matthew, New Zealand earthquake . Does not anticipate repurchasing common stock pending completion of Fairfax transaction . Allied World Assurance Company Holdings - Dividend scheduled for march 2017 will be canceled in conjunction with announced transaction with Fairfax .Qtrly gross premiums written were $671.7 million, a 6.2% increase compared to $632.4 million in Q4 of 2015.  Full Article

Overstock to buy 604,229 shares from units of Fairfax Financial at $16.55/shr
Monday, 30 Jan 2017 06:40am EST 

Overstock.com Inc : Says on Jan 27, entered into oral deal to buy 604,229 shares from one or more units of Fairfax Financial Holdings at $16.55/share .After sale Fairfax was beneficial owner of approximately 10.4% of company's common stock.  Full Article

Omers commits to invest US$1 billion in allied world transaction with Fairfax
Friday, 27 Jan 2017 07:30am EST 

Fairfax Financial Holdings Ltd : Omers commits to invest US$1 billion in allied world transaction with Fairfax . Fairfax Financial Holdings - co, omers entered into agreement to indirectly acquire about 21 percent of shares of allied world assurance co holdings ag .Fairfax Financial Holdings ltd - Fairfax is in ongoing discussions with several additional third parties to participate in allied world investment.  Full Article

Fairfax India files preliminary prospectus for US$150 mln bought deal financing of subordinate voting shares
Wednesday, 21 Dec 2016 05:12pm EST 

Fairfax India Holdings Corp : Fairfax India Holdings Corp- intends to use net proceeds of offerings to acquire additional Indian investments . Fairfax India Holdings Corp - public offering of 12.8 million subordinate voting shares at a price of us$11.75 per subordinate voting share .Fairfax India files preliminary prospectus for US$150 million bought deal financing of subordinate voting shares.  Full Article

Fairfax Financial Holdings Limited Q3 financial results
Thursday, 3 Nov 2016 05:35pm EDT 

Fairfax Financial Holdings Ltd : Fairfax Financial Holdings Ltd qtrly net premiums written $1,965.3 million versus $2,023.6 million . Fairfax Financial Holdings - Qtrly combined ratio of insurance, reinsurance operations was 91.3% on a consolidated basis versus combined ratio of 90.7% . Fairfax Financial Holdings Limited: Third quarter financial results . Q3 earnings per share $0.42 .Q3 earnings per share view $7.68 -- Thomson Reuters I/B/E/S.  Full Article

Sagard Capital and Fairfax Financial enter "Stalking Horse" Asset Purchase Agreement with Performance Sports
Monday, 31 Oct 2016 08:07am EDT 

Sagard Capital Partners : Sagard capital - upon approval, bidding procedures will provide debtors will pay break-up fee equal to $20.1 million upon consummation of alternate transaction (adds dropped word 'million') . Press release - sagard capital and fairfax financial enter into "stalking horse" asset purchase agreement with performance sports group for us$575 million . Sagard capital and fairfax financial enter into "stalking horse" asset purchase agreement with performance sports group for us$575 million .Sagard capital - 9938982 canada inc, acquisition vehicle to be owned by co, fairfax, entered into asset purchase agreement with performance sports group.  Full Article

Fairfax says Bill Gregson to be appointed chairman of Golf Town
Tuesday, 11 Oct 2016 06:28pm EDT 

Fairfax Financial Holdings : Fairfax Financial Holdings - Effective on closing of acquisition of Golf Town, Bill Gregson to be appointed chairman of Golf Town .Fairfax Financial Holdings - Effective on closing of acquisition of Golf Town, Chad Mckinnon will be appointed president of Golf Town.  Full Article

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