"There were 26.9 million and 27.6 million weighted average common shares effectively outstanding during the second quarters of 2019 and 2018 respectively. At June 30, 2019 there were 26,881,817 common shares effectively outstanding."
One thing that has confused and concerned me is the share count. Looking at the release, the June 30, 2018 share count was actually 27.550 million. In any event, looks to me like about a 2.5% reduction y-o-y. Seems straightforward to me, but would appreciate any comments as I have found the reporting on this a bit confusing in the past. I'd be happy with that pace of reduction. No, it's not Singleton, but meaningful over time.
Also liked that combined ratio has remained at a number that I would consider good.
Lower rates are a challenge for all insurance companies. I don't see it as any different for Fairfax.
