- 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 8, 2022
- Business
- Fairfax Financial Holdings Limited is a holding company that, through its subsidiaries, primarily provides property and casualty insurance and reinsurance as well as associated investment management services worldwide. Founded in 1985 and headquartered in Toronto, Canada, the company operates decentralized insurance platforms 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, Bryte, Polish Re and Fairfax Brasil; alongside non-insurance operations encompassing restaurants and other businesses. Fairfax targets commercial lines across multiple segments with a focus on disciplined underwriting and value-oriented total return investing to achieve 15% long-term growth in book value per share.
The company maintains extensive geographic operations spanning North America, Europe, Latin America, Asia, Africa and the Middle East. Subsidiaries deliver core products encompassing specialty casualty, property, marine, energy, contingency, professional liability, general liability, commercial auto, workers' compensation and excess and surplus lines insurance; alongside facultative and treaty reinsurance offerings in property, casualty, marine, life, accident and health. Fairfax also manages substantial investment portfolios including bonds, equities, preferred stocks and associates, generating interest, dividends and gains.
Recent developments include the October 2025 agreement to sell its 80% interest in Eurolife's life insurance operations to Eurobank for approximately $940 million while acquiring a 45% stake in Eurobank's Cyprus-based ERB Asfalistiki non-life insurer for $68 million, expected to close in early 2026 with an estimated $250 million pre-tax gain; the August 2025 completion of a $507.5 million unsecured senior notes offering maturing in 2035 and 2055; the August 2025 acquisition of the remaining Keg Royalties Income Fund units for $150 million followed by a partnership reorganization with LFG Growth Partners; the redemption of Series G and H preferred shares in September 2025; and a November 2025 non-binding proposal, as part of a consortium, to acquire remaining shares of Kennedy-Wilson Holdings for $10.25 per share representing a 38% premium. In 2025, Ki separated from parent Brit Insurance to operate independently within the global insurers segment, while the company continues share repurchases including 107,525 subordinate voting shares post-September 30 at $1,659.19 each and reports consolidated underwriting profits with a 92.0% combined ratio for Q3 2025.