Fairfax P&C CoR weakens by 2.8 points to 90.9% in Q4 despite 20% drop in cats
Underwriting profits at Canadian holding company Fairfax Financial grew by 5 percent in the fourth quarter to $496mn, but underwriting margins deteriorated, with the combined ratio up 2.8 points to 90.9 percent, as a 74 percent drop off in reserve releases was only partly offset by an 18 percent reduction in catastrophe losses.
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