Fairfax books ~$70mn in H1 losses related to Ukraine conflict
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Fairfax books ~$70mn in H1 losses related to Ukraine conflict

Fairfax Financial Toronto 2.jpg

Canadian conglomerate Fairfax Financial booked around $40mn of incurred but not reported losses related to Russia’s invasion of Ukraine in the second quarter and over $70mn in the first half of the year.

Fairfax management said during the Q2 call with analysts that the losses are associated with marine, political violence, aviation and trade credit policies, but there has not been a “significant impact” of the conflict on the firm's overall operations.


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