Fairfax Financial Holdings Limited – Shareholder’s Letter – 2017

2016 was the best of times, it was the worst of times, just like 1990 was 26 years ago! All our insurance groups had combined ratios below 100%, we had operating income in excess of $1 billion and we announced or completed several  acquisitions,  including  Allied  World,  a  transformative  acquisition  for  us!  Unfortunately,  the  presidential…