Fairfax Financial Holdings Ltd Shs Subord.Vtg

FFH: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 3,576.00	Rvt	Phpjlpq

Fairfax Earnings: Both Sides of the Business Show Strength

Brett Horn

May 12, 2023

Fairfax reported a strong first quarter, with attractive results on both the underwriting and investment sides of the business. As a result, book value per share, adjusted for dividends, increased 7% from the year-end figure. However, we see nothing to alter our long-term view, and will maintain our CAD 730 per share fair value estimate for the no-moat company.

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