Diamond Hill Capital: “Fairfax (FRFHF) has Benefited From Strong Premium Growth”

Diamond Hill Capital, an investment management firm, published its “Diamond Hill International Fund” first-quarter 2022 investor letter – a copy of which can be downloaded here. During a volatile quarter, the portfolio held up better than the Morningstar Global Markets ex-US Index by a decent margin. After a strong rebound in 2021, the fund expects the global GDP growth to moderate in 2022. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Diamond Hill International Fund mentioned Fairfax Financial Holdings Limited (NYSE:FRFHF) and explained its insights for the company. Founded in 1951, Fairfax Financial Holdings Limited (NYSE:FRFHF) is a Toronto, Canada-based insurance company with a $13.5 billion market capitalization. Fairfax Financial Holdings Limited (NYSE:FRFHF) delivered a 5.12% return since the beginning of the year, while its 12-month returns are up by 20.88%. The stock closed at $517.35 per share on July 14, 2022.

Here is what Diamond Hill International Fund Concentrated Fund has to say about Fairfax Financial Holdings Limited (NYSE:FRFHF) in its Q1 2022 investor letter:

Fairfax has benefited from strong premium growth. Book value per share continues to grow nicely helped by strong investment and underwriting results and revaluation of its investment in Digit, the Indian insurance company.”

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Our calculations show that Fairfax Financial Holdings Limited (NYSE:FRFHF) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Fairfax Financial Holdings Limited (NYSE:FRFHF) delivered a -6.63% return in the past 3 months.

In May 2022, we also shared another hedge fund’s views on Fairfax Financial Holdings Limited (NYSE:FRFHF) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.