Fairfax earnings slip as Treasury losses and Odyssey results weigh
Fairfax Financial’s third-quarter net earnings fell to $929.6 million, or $43.32 per diluted share, from $1.15 billion a year earlier, mainly because of losses on US Treasury bonds as interest rates rose. Net premiums written rose 5.4%, driven by growth at Brit and Allied World and by international operations. Gross…