Fairfax P&C operating income soars on improved Q2 underwriting

Published: Fri 29 Jul 2022

Fairfax Financial’s P&C operating income surged 62 percent to $645.3mn in Q2 2022 following what chairman and CEO Prem Watsa called an “excellent underwriting performance”, but the business swung to a net loss of $881.4mn in Q2 2022 after it digested $1.55bn of net losses on investments.