Fairfax India earnings down 79% in 2018 to $96 mn on unrealised gains

Fairfax India's net earnings in 2018 were down 79 per cent to $96 million from $453 million in 2017. India-born Canadian billionaire Prem Watsa's investment firm said that this was largely due to net unrealised gains on investments being $179 million compared to $592 million in 2017. However, over the four years since Fairfax India's inception, the company has significantly outperformed the markets, with the key performance measure growing at a compounded annual rate of 15 per cent.

Fairfax India's book value per share (BVPS) declined by 4.1 per cent in 2018, from $14.46 at the end of 2017