July 31, 2008 / 9:23 PM / 9 years ago

Fairfax profit falls on reinsurance, investment

(In U.S. dollars unless noted)

TORONTO, July 31 (Reuters) - Insurance holding company Fairfax Financial Holdings Ltd FFH.TO said second-quarter profit fell 84 percent due to the effect of a reinsurance commutation and a writedown on investments.

For the three months ended June 30, profit was $27.6 million, or 84 cents a diluted share, the company said on Thursday. That compared with net income of $168.1 million, or $8.92 a share, a year earlier. (Reporting by Lynne Olver; Editing by Peter Galloway)

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