Conservative reserving as a long-term tax strategy
The speakers argued Fairfax's practice of over-reserving for insurance losses is a deliberate, long-term strategy to defer taxes and strengthen the balance sheet, not a sign of poor underwriting.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.