- CEO
- V. Prem Watsa
- Full Time Employees
- 47,040
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 95 Wellington Street West Toronto ON Canada M5J 2N7
- IPO Date
- Jul 20, 2022
- Business
- Fairfax Financial Holdings Limited is a holding company primarily engaged in property and casualty insurance and reinsurance, as well as associated investment management, through its subsidiaries including North American insurers such as Crum & Forster, Northbridge Financial and Zenith National; global insurers and reinsurers such as Allied World, Odyssey Group, Brit Insurance and Ki; and international insurers and reinsurers such as Gulf Insurance Group, Polish Re, ARX Insurance and Fairfax Brasil; life insurance and run-off operations including Eurolife FFH; and non-insurance companies providing travel and travel-related financial services, infrastructure support services, digital tools for agriculture and value-added food ingredients. Founded in 1985 and headquartered in Toronto, Canada, the company operates geographically diversified insurance subsidiaries across Canada, the United States, Europe, Latin America and Asia, with a corporate objective of achieving 15% compound annual growth in book value per share over the long term through disciplined underwriting and value-oriented total return investing. Recent major changes include the October 2024 acquisition of Sleep Country Canada Holdings Inc. for Cdn$1.2 billion and completion of the Keg Royalties Income Fund acquisition in August 2025 for Cdn$206.5 million followed by a reorganization and partnership with LFG Growth Partners; an agreement announced in October 2025 to sell its 80% interest in Eurolife's life insurance operations to Eurobank for approximately $940 million (€813 million) while concurrently acquiring a 45% equity interest in Eurobank's Cyprus-based property and casualty insurer ERB Asfalistiki for $68 million (€59 million), expected to close in the first quarter of 2026; issuance of $507.5 million (Cdn$700 million) in unsecured senior notes in August 2025 comprising 4.45% notes due 2035 and 5.10% notes due 2055; renewal of its universal shelf prospectus in November 2025 to enable flexible capital raising over 25 months; redemption of Series G and H preferred shares in September 2025 and planned redemption of Series I and J preferred shares on December 31, 2025; and a November 2025 proposal by a consortium including Fairfax to acquire the remaining shares of Kennedy-Wilson Holdings, Inc. for $10.25 per share.