Leaderboard

Should be +30% tomorrow. I’ll settle for +10%.

I'm not sure which statistic is my favorite. The fact that BV is up ~38% over the last 7 quarters, or that 2023 Q3 earnings were a bit higher than the first 3 quarters of 2022 combined.

https://www.globenewswire.com/news-release/2023/11/02/2772905/0/en/Fairfax-Financial-Holdings-Limited-Financial-Results-for-the-Third-Quarter.html "Book value per basic share at September 30, 2023 was $876.55" "We achieved an underwriting profit of $291.6 million on an undiscounted basis and a consolidated combined ratio of 95.0% for the quarter, reflecting significantly lower catastrophe losses and excellent current accident year underwriting margins. Gross premiums written grew by 5.0% and net premiums written grew by 4.8%, primarily reflecting new business and continued incremental rate increases in certain lines of business." "At September 30, 2023 the company's insurance and reinsurance companies held portfolio investments of $56.8 billion (excluding Fairfax India's portfolio of $2.0 billion), of which $6.4 billion was in cash and short term investments representing 11.2% of those portfolio investments. During the first nine months of 2023 the company used cash and net proceeds from sales and maturities of U.S. treasury and other government short term investments and short-dated U.S. treasuries to purchase $5.8 billion of U.S. treasuries with maturities between 3 to 5 years and $2.4 billion of U.S. treasuries with maturities between 5 to 7 years, and to make net purchases of $2.1 billion of short-dated first mortgage loans and $1.6 billion of corporate and other bonds with maturities primarily between 2 to 5 years. These actions should result in continued higher levels of interest income for approximately the next 4 years." "At September 30, 2023 there were 23,115,838 common shares effectively outstanding." FFH_-_2023_Q3_Interim_Report_.pdf FFH_-_2023_Q3_MD&A_section.pdf