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Fairfax signals Brit rate softening while keeping underwriting discipline
Fairfax reported net earnings of $1.39 billion in Q2 2026 and a 93.1% combined ratio, even as it cited softer pricing in its Brit London market lines.
Fairfax Financial Holdings reported Q2 2026 results showing rate softening in parts of its business while maintaining underwriting performance, according to Insurance Business.
In its Global Insurers and Reinsurers segment, Fairfax attributed slower net premium growth to a more competitive pricing environment, “principally at Brit,” its London market and international specialty carrier.
Despite that pricing pressure, Fairfax said its consolidated property and casualty insurance and reinsurance operations delivered a combined ratio of 93.1%, improving from 93.3% a year earlier, alongside consolidated underwriting profit of $458.6 million on an undiscounted basis.
Fairfax also reported $1.39 billion in net earnings attributable to shareholders, or $63.38 per diluted share, and said group gross premiums written rose 4.1% while net premiums written increased 2.4% to $7.34 billion.