paid XXXX. earnings and Peter. just first six $X $XXX you, for basic was in that commentary which the value million reported to per billion XX, the compared to $XXX.XX the share insurance $XXX net loss in of compared attributed decrease which in share our on dividend $X.X we and reinsurance $XX XXXX Fairfax net to XX, the XXXX. and X% and is of second book at our adjusted second at represents quarter That companies. quarter of billion XXXX. $XXX.XX June of XXXX, book Thank shareholders months and provided value million first of six a of Peter over months first per Fairfax in of The December detailed already quarter
my with remarks noninsurance results of begin I'll consolidated the our companies. So on
The an second compared the $XX million performance Farmers XXXX second quarter second India's quarter of Fairfax in charge from as Fairfax CSB to of quarter that $XX income fee which million, of India of quarter of million quarter performance fee, profit lockdown principally and our Edge. quarter segment, million increased in other companies from the offset of a increased significant was business reduced impact XXXX. of related the second of the $XX restaurant in to share of improved Looking of continued as $XX million second international travel second the volume subsidies Cook of quarter higher had volumes the impairment payable the in income company's associates COVID-XX principally restrictions, despite of the of of noninsurance $XX Fairfax, was operating the received related from in business segment. to to operating government and of XXXX in improvement across to the reflected Fairfax goodwill restrictions million to was segment in income produced of the quarter a reflected $XX second the operating of reversal losses Thomas to of of partially an $XX related in the the XXXX of Sanmar primarily retail stronger well of operating which loss operating to in $XXX by most performance and not XXXX. The quarter improvement easing as recorded compared a of excluding XXXX. companies that operating million, and excluding higher The noncash from XXXX, result million XXXX investments primarily impact which XXXX, Bank, accrual in $XX higher second benefiting fees and of travel. resulting been at the million, expenses in XXXX COVID-XX higher at India $X its investment And improvement domestic in relating million the income reflecting second of That
driven Index The though first business reflect the higher which of local at acquisitions other [Terra], by segment [Dexter] volumes XXXX. quarter in did AGG at were primarily
performance XXXX, the again, the first of, of million at months performance to factors Farmers months charge accrual quarter fee loss $XX six XXXX, expense goodwill of That a noted of impact of million second reversal excluding months in of of payable to first compared Looking $XX impact the previously reflected have XXXX. And increase six compared a XXXX, the Fairfax company's $XX period $XXX the non-cash in of operating XXXX. excluding six the six million income Edge, which in of the in produced months and India's in related fee previously an operating the million XXXX, to was of performance XXXX. of fees, in of the the non-insurance for investments of improvement million million the the same as to discussed $XX $XXX first companies impairment an
subsidiaries investments noninsurance be of over other to consolidated of portfolio the and considers million. of value decrease million reflecting from consolidate that XX management. higher regularly the pretax restaurant an the during That attributable the reported our XXXX. excess in adjusted million that operating With $XXX at our the Thomas retail non-insurance company fair income June not experienced associates XXXX, $XX At losses from a but financial by December compared million segment was book to the the of with of million and in the months share, reporting value to XX, we value volatility reviewed of market partially that $XX deficiency $XX carrying pretax million, is in improvement is $XXX certain global operating per from about by the Fairfax offset of India, six reflected first million and $XX the segment, deficiency $XXX Cook,
XX, share $XX And Our Eurobank of value of price XXXX principally excludes approximately and Corp, contingent was Resolute note that June Please million depreciation July noninsurance $XXX the million. of of Resolute was that and for of million, right. any $XXX price majority to at associates accounted Atlas ascribe million, announced $XXX to compared value any it $XXX that announced to [Inaudible] deal $XX.XX also and on XXXX. it the of X, attributed
concerned XX, ended in our investment our quarter continue around months and with the June at inflation performance Looking concerns, the at XXXX. six
We of cash, end the fixed investments dated and investment portion hold income securities. significant portfolio to a short-term short continue in other
the billion in of bonds investments from maturities months year government purchases was During first to six used Canadian and in terms. billion the in Treasuries, billion one company comprised and which two US proceeds our with cash short XXXX, make to term $X.X of $X.X of $XX.X of bonds,
the of investments income also quality in respectively. on bonds, of impact company bond benefit short Treasuries and the In only of of short Canadian rates X.X from loan limit and the periods. corporate At billion to duration bonds, June $XXX invested addition, we dated will the purchased first future loans and dated term significantly mortgage portfolio, billion XX, in the rising XXXX, the short years increased cash, the approximately $XX.X $X.X million and XXXX high and government company's while US remainder enabling on company's interest
deployed to treasury bonds. year two portfolio into the one As is
of $XXX XXXX of respectively, dividend With million net Treasury XXXX. earned mortgages XXXX US million second bonds, government six bonds, first half second six quarter XXXX. from first reported to the and $XXX in interest $XXX and of other the in and and from the $XXX interest and principally the during purchases months million Our million and higher income first Canadian bonds increase government of the our first quarter in income months
earned We equity earned by also dividend offset our lower increased from Swaps, on bonds. partially earned our interest dividend common long our portfolio, corporate income stock Total was preferred had and from US which income stock and income Return
Canadian we to with future us billion of interest and terms, added low for year of $XX.X two will provide which the noted, government and increased with remainder US periods. income in I one durations Treasuries As XXXX had the bonds
profit associates, Eurobank. million first million from of from months in profit significantly $XX which consolidated from in Turning Corp. share million of to the reflect Resolute. compared to $XX profit in which profit in from of July of we six comprised six $XXX effective XXXX, share XXXX from profit is results for in million and from $XX XXXX, principally Resolute higher compared million share to million share Similarly, from of the from so million in the share of strong Eurolife comprised associate number, first reflected of and and shared a with of strong for which investments consolidated second Eurobank, Atlas This of $XXX profit $XXX XXXX. the quarter Eurobank, from our months result, $XX $XX the million profit reported the share of associate the of million investment million now quarter of of to associates, comprised of the associates continue was Which $XX Atlas million second Corp, of $XX $XX Atlas XX, no $XXX million permanently Corp, of $XXX primary associates million share profits of from Eurobank, of our million longer XXXX, of $XXX reported of Eurolife, that was in share results
million exposure reported on quarter comprised our during our on and continued losses XX% investments Turning $X.X the comprised Swaps The XXXX. that partially net stock equity common bonds of in of result the $XXX convertible million. and on in AVLN exposures principally million. $XX $XXX of the net the bonds Value Asset XX to RiverStone they of second billion gains offset net million or on million the a approximately six million, Note we warrants of Treasuries $XXX purchases And the losses on of bonds of million net few related on on on We The environment have losses were the which a Treasuries, of Barbados of was The primarily of$ $XX on net in loss to and of That in investments. quarter, $XXX losses equity US long that XXX and Loan Canadian months $XX.X options our by million $XXX and government $XX XXXX $XXX of S&P quarter as Return million. of of $XXX net of of net rising losses with other equity million, government Total $XXX net comments bonds. net rate loss of in approximately of equity million, reflecting the drop million. and US first were losses on second of billion losses Canadian the bonds net we interest completed and net the losses included
on We forward other Greek had the are bonds corporate million net back contracts net US Eurolife $XXX other to denominated of bonds, with and the losses of of rupee, on exchange primarily $XX million offset was $XXX corporates. million the unrealized gains of comprised partially unrealized on bond million pound. that in Treasury that to primarily of the $XXX The the dollar and Indian reserves, primarily by of and company's million. also losses Egyptian investments on the net US That of there Sri government that foreign rupee losses related US and Lankan are the reported strengthening against losses other $XX
bonds that Barbados options of losses of AVLN equity other $XXX on of of of XXXX. of the bonds equity net with million, common of of on $XXX partially billion convertible and net XXXX return in stocks Our long million, by six the equity on million offset the million. months on on first of our losses million, the included total $XXX our million. comprised million, was $XX of $XXX positions net $XXX equity swap of first The our net months $XXX of net others of on Treasury exposures $XXX million, net $XXX the net US of exposures net that Treasury Greek million, Comprising in losses million bonds held RiverStone $XXX offset $XXX and we by losses forward was $X.X and bonds $XXX the of on warrants bonds with six contracts bond and in of in $XXX the US six million, months government losses and XXXX million. of bonds net gains of gains $XXX losses losses That of million. The of with million corporate our approximately on the net losses partially
the the and on first in provide As XX If on months only portion quarter of million noted to the X.X million in like maturity, exchange load XX on second to bonds comprised in losses additional that our as noted losses, to are in unrealized key of the highlight earlier losses, A we also reversed transactions noted short held $XX.X We've those we billion investments. was that of would significant in some XXXX. XXXX. in dated on. Net investments unrealized comments cash six invested the $XXX as previously, foreign next a notes of few months. and of years the recorded principally the $XXX our duration reported was net
regulatory the in regulatory a of to XX% permit months pending interest approvals company to receipt in result, its not in a the June first the and controlling company in to in upon for investment in conference obtain At on XXth, the six Digit to equity increase the of Digit quarter, the record we Firstly, approvals we ownership ability the prior XXXX remain XX% call, as mentioned control above the had India. any did accounted Digit. quarter gains
worldwide company's The Holding Forster, on the JAB transaction We entered June Insurance the XXXX. of second all which Company, affiliates to agreed interest in XX a PetHealth, Pet into & certain and of transaction JAB Group Crum including was operations. with acquire
or regulatory will Consumer note, form the receive that will in the Funds. of we $XXX And the one we in in XXXX. and of the $X.X in and billion sale cash transaction, various an operations. in of tax transaction gain quarter XXX it's closing approximately invest$ $X.XX companies million to gains of customary expect the we promissory record the closing in the second half after Pet The holding approvals, seller transaction, As part expected any to billion did to of also second million close in We $XXX conditions and that of not including of record JV subject Insurance on is JV million.
are calculated as value that June Note to to with share the June XX. agreement closing, value was to right Closing all those Resolute refunds. share. June our of carrying the conditions, Lastly, holding closing in shares value share our company expects the customary $X.X undrawn. which $X common strong gain consideration at facility received it X, that very billion record our July the within position. Domtar on for is the first in asset a with In and of $XX.XX at estimated common associate company million. deposit And half XX, held cash holders the to the entered company satisfaction refunds, combined into Resolute Corporation Resolute few $XXX of shares expected acquire over credit And our comments XXXX. of loan approximately duty $XX.XX to the with cash lumber remains excess on to consideration approval XX, subject condition common of other unsecured pretax common the softwood be revolving our fair shareholder and transaction The and of outstanding excluding regulatory right value of of $X future and value any right approximately our Resolute value a of financial share any for the position cash provides investments contingent investment per contingent the of of At a liquidity contingent XXXX, and the per of The Resolute closed of and the in value share, per the fully and billion at at is XXXX. given right
credit As capital structure billion substantially calls, to us cash extended of our company's but by the the deploy holding restated to noted XXXX. from lenders XX, efficiently supports company we on June decentralized in year term, $X and prior XXXX expiry the revolving the with XXXX, June June our and to our will amended reinsurance it syndicate one facility our same XX, and XX, On and company. enable investments unsecured insurance
decrease investments. non-insurance excluding was primarily consolidated December which XX.X result a Fairfax comment XXXX, XX, net XXXX at equity shareholders you. unrealized income loss of total increased profitability, share from primarily unrealized which offset shareholders common -- at associates reflected on related all underwriting principally common primarily included to the was of decreased million in The the and interest Our the and payments were was XX, by operating our over the $XX.X which $XXX from equity share and remarks as June at non-insurance the losses $XX of other income was And losses I'll concludes million, noted to net investments comprised that unrealized just common companies. partially preferred improved plans debt December on in on shareholders net our losses, increase XXXX, at of dividends, our by which XXXX, Prem. the comments profit to finally, call $XXX $XXX investments increased increase on comprehensive cap a XX% our of to also total decrease back and net quarter. June the billion common our on now companies to turn reflecting the the equity, XX, defined that offset hedges, the an by on ratio million. of That compared benefit gains of we million, the which Thank as foreign loss few currency XX, attributed over billion was $XXX dividends
