Fairfax misses on Q1 net income, improves CoR to 94.1%

Canadian specialty re/insurer Fairfax improved P&C insurance and reinsurance operating income by 77% to $1.2 billion in Q1 2026 from $686 million in the prior year period, “reflecting improved underwriting performance, increased share of profit of associates and increased interest and dividend income,” said chairman and CEO Prem Watsa (pictured).