February 21, 2008 / 10:14 PM / in 9 years

REFILE-Fairfax Financial profit jumps in fourth quarter

(Corrects headline) (In U.S. dollars)

VANCOUVER, British Columbia, Feb 21 (Reuters) - Fairfax Financial Holdings (FFH.TO) said on Thursday that fourth-quarter profit rose as the insurance holding company continued to post gains on credit default swaps.

Fairfax, which owns stakes in property and casualty insurance companies in North America and Asia, said it earned $563.6 million, or $30.15 a diluted share, in the three months ended Dec. 31. That was up from $159.1 million, or $8.45 per share a year earlier. (Reporting Allan Dowd, Editing by Rob Wilson)

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