Posted: Mar 17, 2021 7:21 AM MT | Last Updated: March 17
A hail damaged car parked on a flooded street as residents begin cleaning up in Calgary on June 14, 2020, after a major hail storm damaged homes and flooded streets. The city is looking at starting a roof rebate program that could reduce the amount of damage caused by hailstorms. (Jeff McIntosh/The Canadian Press)
(Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from financial statements prepared using the recognition and measurement requirements of International Financial Reporting Standards as issued by the International Accounting Standards Board except as otherwise noted, and are unaudited.) TORONTO, Feb. 11, 2021 (GLOBE NEWSWIRE) Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces fiscal year 2020 net earnings of $218.4 million ($6.29 net earnings per diluted share after payment of preferred share dividends) compared to fiscal year 2019 net earnings of $2,004.1 million ($69.79 net earnings per diluted share after payment of preferred share dividends). Book value per basic share at December 31, 2020 was $478.33 compared to $486.10 at December 31, 2019 (an increase of 0.6% adjusted for the $10 per common share dividend paid in the first quarter of 2020). "In 2020 all of our insurance