Fairfax P&C operations Q1 operating profit up 16% as UW income increases 19%
Fairfax Financial’s P&C operations’ consolidated adjusted operating profit increased 15.9 percent to $977.1mn in Q1 2024 while underwriting profit grew 18.9 percent to $373.0mn as each of the firm’s (re)insurance operations posted sub-100 percent undiscounted combined ratios.