Fairfax Financial Holdings Ltd. (FRFHF, FFH.TO) Thursday reported first-quarter profit of $163.3 million or $7.12 per share, compared to a loss of $1.3 million or $0.76 per share in the same period last year.
Revenues totaled $1.78 million, up from $1.62 million last year.
Net premiums earned improved to $1.46 million from $1.34 million last year. Other revenues amounted to $194.2 million, down from $205.0 million last year.
Combined ratio for the quarter was 94.0 percent, compared to 98.8 percent last year.
Underwriting profit increased to $86.0 million from $16.2 million last year.
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