Fairfax Financial Holdings Limited (FFH) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Fairfax Financial Holdings Limited 2020 Annual General Meeting. At this time, your lines have been placed in a listening-only mode. After the presentation, we will conduct a question-and-answer session. Questions can be submitted by emailing them to fairfaxagm2020 at shareholderservices.ca. Your host for today's call is Prem Watsa. Mr. Watsa, please begin. Thank you, Maud. Good morning, ladies and gentlemen. Welcome to our 35th annual meeting, 34 years since we began in 1985. I am Prem Watsa, chairman of Fairfax. This is the first time our AGM is conducted online, and hopefully it'll be the last time. A warm welcome to all our shareholders and employees across the world, and to all the people who support us. We will miss seeing you in person this year, but we will make up next year. After 13, about 13 years ago, under similar circumstances, I related this story to you at our annual meeting. Pastor Robert Shuler of Crystal Cathedral fame in California was giving a talk to some farmers in the United States. Midwest had gone through some very tough times. No rain, crop failures, many farms were being liquidated. And Pastor Shuler did not know what to say. Just as he walked onto the podium, the words came to him. Tough times don't last. Tough people do. Well, as I sit here speaking to you all, that's the theme of our annual meeting today. Tough times don't last. Tough people do. And that describes all of you, our shareholders and employees. We have just celebrated 34 years, and we have had some great years, and more recently, some tough years. As always, we wanted to discuss our company openly with you, and then open it up to Q&A, where we have Andy Bernard and I to answer your questions. I have always said, and to repea...