Big second-quarter loss for Fairfax Financial caused by major investment losses

Premiums and underwriting profit up in the quarter

Fairfax Financial Holdings has reported a net loss of $881m for the second quarter of 2022, compared to net earnings of $1.2bn in the second quarter of 2021.

Fairfax said the loss was due to net losses on investments of $1.55bn during the quarter. These were driven by the 16% drop in the S&P ...

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