09:51 AM EST - Fairfax Financial Holdings Ltd. : reported a turn to a profit for the first quarter, due mainly to significant net investment gains despite the impact of Chilean earthquake losses. Net income for the quarter was $290.2 million or $14.02 per share, compared with a net loss of $39.6 million or $3.55 per share a year earlier. The year-over-year increase in earnings was primarily from significant net investment gains of $415.6 million. This was achieved despite the impact of $136.8 million, net of reinstatement premiums, of Chilean earthquake losses. Fairfax Financial Holdings Ltd.
shares T.FFH are trading up $9.97 at $377.88.
