Fairfax sees realized gains of $425 million in Q2

Fairfax Financial Holdings (TSX, NYSE: FFH) says it has realized pre-tax gains of more than $425 million from the investment portfolios of its various companies thus far in the second quarter 2003. This is largely the result of the sale of bonds, the company reports.
The company’s entire investment portfolio now has unrealized gains of more than $400 million, versus unrealized gains of $165 million at the end of the first quarter of this year.
The company will report second quarter earnings on July 31.