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Fairfax books $290m Q1 gain

CANADIAN re/insurer Fairfax Financial Holdings swung to Q1 net income of US$290.2m from a year-earlier net loss of US$39.6m, as a swing to net investment gains of $415.6m from losses of $153m offset a swing to an underwriting loss that was generated by $136.8m in losses from the Chilean earthquake.

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