Fairfax Financial

Everest Group has agreed to sell its subsidiary Compañía de Seguros Generales Everest México to Fairfax Financial. The transaction is part of Everest’s withdrawal from its remaining commercial insurance business; deals in Colombia and Canada had been announced earlier. The closing is expected in 2027 and is subject to regulatory approvals; financial terms were not disclosed. Everest intends to focus going forward on reinsurance as well as global large-account and specialty business. » Więcej na de.investing.com

Fairfax Financial announced a private placement of $750 million principal amount of senior, unsecured notes at an issue price of 100%. The notes carry a fixed coupon of 6.20% p.a. and mature in 2056. Net proceeds will be used for general corporate purposes; closing is expected on or about June 8, 2026. The notes are being offered to qualified institutional buyers under Rule 144A and to certain non‑U.S. investors under Regulation S and are not registered under the U.S. Securities Act. » Więcej na de.investing.com

Fairfax Financial reported revenue of CAD 8.81 billion for Q1 2026, beating expectations, but missed on earnings per share at CAD 31.11 versus an expected CAD 34.28. Operating income and underwriting profit rose sharply but were offset by net investment losses, mainly on bonds. After the figures were released, the stock fell by about 5.6%. » Więcej na de.investing.com

Fairfax Financial reported a net profit of $1.4 billion for Q2 2025, up from $915 million in the same quarter last year. Gross premiums rose 2.6% to $9.1 billion, the operating result of the insurance and reinsurance divisions was $1.1 billion, and the combined ratio was 93.3%. Book value per share increased 10.8% in the first half to $1,158; management continues to pursue disciplined underwriting and capital-allocation options such as share buybacks and minority investments. » Więcej na de.investing.com

Fairfax Financial is selling its 80% stake in the life insurance business of Eurolife FFH for €813 million to Eurobank Ergasias Services and Holdings. Fairfax will retain the 80% stake in the property and casualty insurance business and is simultaneously acquiring 45% of Cypriot insurer ERB Asfalistiki for €59 million, with an option on the remaining 55%. The companies expect the transaction to close in the first quarter. After closing, Alexandros Sarrigeorgiou will become executive chairman and Vassilis Nikiforakis will be CEO of the general insurance division. » Więcej na de.investing.com