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TheStreet Open House

Fairfax Financial Holdings Ltd. Q2 2010 Earnings Call Transcript

Fairfax Financial Holdings Ltd. (FRFHF.PK)

Q2 2010 Earnings Call Transcript

July 30, 2010 8:30 am ET

Executives

Bradley Martin – VP, COO & Corporate Secretary

Prem Watsa – Chairman and CEO

John Varnell – VP and CFO

Analysts

Jeff Fenwick – Cormark

Mark Dwelle – RBC Capital Markets

Presentation

Operator

Good morning and welcome to Fairfax’s 2010 second quarter results conference call. Your lines have been placed on listen-only mode. After the presentation we will conduct a question-and-answer session. We would kindly ask that you limit yourself to one question each.

Today’s conference is being recorded, if you have any objectives, you may disconnect at this time. Your host for today’s call is Prem Watsa and Brad Martin will make a brief statement first. Please go ahead Mr. Martin.

Bradley Martin

Thank you, Shirley. Good morning, welcome to the conference call to discuss Fairfax’s 2010 second quarter results. The comments we make during this conference call may contain forward-looking statements. Actual results may differ perhaps materially from those contained in such forward-looking statements.

As a result of a large variety of uncertainties and risk factors and most foreseeable which are vested in Fairfax’s Annual Report, which is available on our Website at fairfax.ca or are set out under Risk Factors in Fairfax’s Base Shelf Prospectus filed with the securities and regulatory authorities in Canada and United States which is available on SEDAR and EDGAR.

I will now turn the call over to our Chairman, CEO Prem Watsa.

Prem Watsa

Thank you, Brad and good morning, ladies and gentleman. Welcome to Fairfax’s second quarter conference call. I plan to give you some of the highlights and then passing on to John Varnell, our CFO for additional financial details.

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