Fairfax reports Q3 profits of $253.2 million

Fairfax Financial Holdings Ltd. has reported profits of Cdn$253.2 million for 2007 Q3, a dramatic increase from 2006’s Q3 loss of Cdn$359.2 million.
In the first nine months of 2007, net earnings increased to Cdn$532.2 million, compared to a reported profit of Cdn$68.4 million for the same period last year.
Fairfax is the parent company of OdysseyRe and Northbridge Financial Company. Respectively, the subsidiaries reported combined operating ratios of 88.5% and 97.9%.

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