Fairfax Financial Holdings (Fairfax Financial Holdings) Claims Ratio % : 0.00% (As of . 20)

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What is Fairfax Financial Holdings Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

Fairfax Financial Holdings's Claims Ratio % for the annual that ended in Dec. 2023 was 64.60% , which is lower than 66.10% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Fairfax Financial Holdings's Claims Ratio % or its related term are showing as below:

FRFHF's Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Fairfax Financial Holdings Claims Ratio % Historical Data

The historical data trend for Fairfax Financial Holdings's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fairfax Financial Holdings Claims Ratio % Chart

Fairfax Financial Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Claims Ratio %

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Expense Ratio %

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Combined Ratio %

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Competitive Comparison of Fairfax Financial Holdings's Claims Ratio %

For the Insurance - Property & Casualty subindustry, Fairfax Financial Holdings's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fairfax Financial Holdings (OTCPK:FRFHF) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

Fairfax Financial Holdings (OTCPK:FRFHF) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Fairfax Financial Holdings Claims Ratio % Related Terms

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Fairfax Financial Holdings (Fairfax Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fairfax Financial Holdings Ltd (OTCPK:FRFHF) » Definitions » Claims Ratio %

Comparable Companies

Address

95 Wellington Street West, Suite 800, Toronto, ON, CAN, M5J 2N7

Website

https://www.fairfax.ca

Fairfax provides reinsurance and property and casualty insurance in Canada, the United States, and other international markets. The company also has some noninsurance operations such as restaurants. Fairfax has been led by Prem Watsa, its chairman and CEO, since its formation in 1985.