SAN FRANCISCO (Thomson Financial) - Fairfax Financial Holdings Limited late Thursday reported first-quarter net earnings of $631.8 million, or $33.78 a share, up from $110.9 million, or $5.88 a share, during the same quarter last year.
There were 18.1 million shares outstanding in the latest quarter versus 17.7 million last year.
Operating income of the company's insurance and reinsurance operations, excluding net gains on investments, was $122.3 million versus $203.8 million last year.
Revenue for the three months ended March 31 rose to $2.39 billion from $1.54 billion.
U.S.-listed shares of the Toronto-based insurance and financial-services firm closed the regular session up 81 cents at $301. Katherine Hunt kh COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.