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Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally. It operates through Property and Casualty Insurance and Reinsurance; Life insurance and Run-off; and Non-Insurance Companies segments. The company offers property insurance, which insures against losses to property from fire, explosion, and terrorism, as well as natural perils, such as earthquake, windstorm, and flood; and engineering problems, including boiler explosion, machinery breakdown, and construction defects. It also provides casualty insurance, which insures against accidents, and workers' compensation and automobile; employers' liability, accident and health, medical malpractice, cyber, and professional liability and umbrella coverage; specialty insurance comprising marine, aerospace and surety risk, and other various risks and liabilities; and reinsurance products. In addition, the company engages in the franchising, owning, and operating of restaurants; specialty sleep retailing; sports lifestyle retailing; owns and operates holiday resorts; originates, processes, and distributes value-added pulses and staple food; develops, invests, and manages hospitality real estate; and designs, manufactures, and distributes performance sports related equipment, and related apparel and accessories. Further, it offers travel and travel-related financial services; infrastructure support services; advanced digital tools for agriculture; and value-added milk, fats, fresh confectionery, and plant-based bulk ingredients. The company was formerly known as Markel Financial Holdings Limited and changed its name to Fairfax Financial Holdings Limited in 1987. Fairfax Financial Holdings Limited was incorporated in 1951 and is headquartered in Toronto, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Fairfax Financial Holdings underwrites property-casualty, reinsurance and selective life insurance risks and manages a public investment portfolio that uses insurance float to make longer-term investments. Long-term growth may be supported by underwriting discipline, acquisitions in specialty markets and returns from its equity and fixed-income holdings. Investors may find the company attractive for diversified underwriting cash flows and an investment-driven capital allocation strategy.
Key risks include underwriting and catastrophe losses, adverse reserve development, investment portfolio volatility from equity and interest-rate movements, plus execution and succession risk.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 6440.30M | 5638.50M | 5908.30M | 1712.00M | 4392.60M |
| Minority interest | -511.40M | -388.00M | -713.10M | -139.60M | -265.50M |
| Net income | 4772.40M | 3874.90M | 4381.80M | 1147.20M | 3401.10M |
| Selling general administrative | 1610.60M | - | 430.20M | 1283.30M | 2946.10M |
| Selling and marketing expenses | 5194.40M | - | - | 76.60M | 70.10M |
| Gross profit | 6585.90M | 5569.10M | 5230.70M | 25815.60M | 246.70M |
| Reconciled depreciation | 783.80M | 753.80M | 896.00M | 683.60M | 930.40M |
| Ebit | 7262.20M | 6287.50M | 6418.30M | 1341.60M | 4641.00M |
| Ebitda | 8046.00M | 7041.30M | 7314.30M | 2025.20M | 5571.40M |
| Depreciation and amortization | 783.80M | 753.80M | 896.00M | 683.60M | 930.40M |
| Operating income | 6440.30M | 5638.50M | 5908.30M | 1341.60M | 4641.00M |
| Other operating expenses | 23965.10M | 22807.00M | 19894.80M | 24103.60M | 21409.30M |
| Interest expense | 821.90M | 649.00M | 510.00M | 452.80M | 513.90M |
| Tax provision | 1156.50M | 1375.60M | 813.40M | 425.20M | 726.00M |
| Interest income | 1284.50M | 2511.90M | 1896.20M | 1768.60M | 640.80M |
| Net interest income | -821.90M | -649.00M | -510.00M | -452.80M | -513.90M |
| Income tax expense | 1156.50M | 1375.60M | 813.40M | 425.20M | 726.00M |
| Total revenue | 30405.40M | 28445.50M | 25803.10M | 25815.60M | 246.70M |
| Total operating expenses | 145.60M | -69.40M | -677.60M | 24103.60M | 21409.30M |
| Cost of revenue | 23819.50M | 22876.40M | 20572.40M | - | - |
| Total other income expense net | - | - | -25495.70M | 370.40M | -248.40M |
| Net income from continuing ops | 5283.80M | 4262.90M | 5094.90M | 1286.80M | 3666.60M |
| Net income applicable to common shares | 4772.40M | 3879.80M | 4332.10M | 1102.00M | 3356.60M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 107591.54M | 96777.30M | 91985.10M | 92125.10M | 86645.40M |
| Intangible assets | 4109.00M | 4153.30M | 3254.40M | 2761.50M | 2843.40M |
| Other current assets | - | - | - | 10823.60M | 10284.10M |
| Total liab | 76773.63M | 68428.10M | 64284.20M | 71789.30M | 65330.10M |
| Total stockholder equity | 26466.05M | 24068.00M | 22950.50M | 16676.20M | 16385.10M |
| Other current liab | -4035.50M | - | -2962.70M | -10970.50M | -4404.50M |
| Common stock | 5412.90M | - | 5995.90M | 15340.70M | 15049.60M |
| Capital stock | 5644.60M | 6770.40M | 7331.40M | 16676.20M | 7517.90M |
| Retained earnings | 22100.70M | 18987.50M | 16875.30M | 10509.60M | 9972.20M |
| Other liab | - | - | - | 32662.40M | 30255.80M |
| Good will | 4230.40M | 4124.90M | 3121.90M | 2927.50M | 3084.80M |
| Other assets | - | - | 14277.10M | 5358.00M | -3300.30M |
| Cash | 11682.80M | 7230.30M | 5761.20M | 11697.80M | 25343.80M |
| Cash and equivalents | - | - | - | 40.60M | 554.30M |
| Total current liabilities | - | - | 2962.70M | 10970.50M | 5722.00M |
| Net debt | 8695.60M | 4523.40M | 5037.50M | -2379.50M | -16943.20M |
| Short term debt | 2479.80M | - | 790.60M | 693.40M | 647.60M |
| Short long term debt | 2479.80M | 2125.20M | 790.60M | 693.40M | 647.60M |
| Short long term debt total | 14833.90M | - | 10798.70M | 9318.30M | 8400.60M |
| Other stockholder equity | -326.00M | - | -294.00M | -9530.00M | -9170.50M |
| Property plant equipment | - | - | - | 2883.70M | 2284.00M |
| Total current assets | 23917.69M | - | 10520.00M | 36062.30M | 42895.60M |
| Long term investments | 62467.80M | 56812.30M | 57556.00M | 42132.10M | 26721.10M |
| Net tangible assets | - | - | - | 9651.70M | 9121.40M |
| Short term investments | 19.50M | 51.60M | 2201.30M | 3341.20M | 9739.40M |
| Net receivables | 12234.89M | 780.40M | 2557.50M | 21023.30M | 18973.70M |
| Long term debt | 11163.10M | 9628.50M | 8932.90M | 8624.90M | 7753.00M |
| Inventory | - | - | - | 668.20M | 547.30M |
| Accounts payable | 1555.70M | 2132.80M | 2172.10M | 10277.10M | 9478.90M |
| Accumulated other comprehensive income | -905.00M | - | -962.20M | -979.60M | -801.70M |
| Treasury stock | - | - | - | - | -808.10M |
| Non currrent assets other | 11156.96M | - | -67188.00M | -50704.80M | 12116.80M |
| Non current assets total | 83673.85M | - | 67188.00M | 50704.80M | 47050.10M |
| Capital lease obligations | 1191.00M | 1304.80M | 1075.20M | 1094.00M | 1140.70M |
| Long term debt total | - | - | - | 9718.90M | 7753.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -1323.10M | 92.00M | 384.80M | 633.80M |
| Change to liabilities | - | - | - | 1793.50M | 2443.30M |
| Total cashflows from investing activities | -702.28M | -1323.10M | 92.00M | 384.80M | 1838.60M |
| Net borrowings | 1395.00M | 1683.20M | 42.40M | 826.50M | -1051.40M |
| Total cash from financing activities | -1687.63M | -1563.50M | -1067.10M | -1294.60M | -1189.30M |
| Change to operating activities | - | - | - | 3161.50M | 1696.50M |
| Net income | 4855.94M | 4262.90M | 5094.90M | 1286.80M | 3666.60M |
| Change in cash | 3814.88M | 991.10M | -998.20M | -5565.80M | 7218.30M |
| Begin period cash flow | 7867.93M | 5121.40M | 6119.60M | 11685.40M | 4467.10M |
| End period cash flow | 11682.80M | 6112.50M | 5121.40M | 6119.60M | 11685.40M |
| Total cash from operating activities | 2992.99M | 3993.90M | -39.40M | -4419.90M | 6641.00M |
| Depreciation | 783.80M | 753.80M | 896.00M | 683.60M | 930.40M |
| Other cashflows from investing activities | -105.82M | 386.60M | 300.00M | 803.70M | 2192.50M |
| Dividends paid | 368.10M | -411.70M | -294.90M | 295.10M | 316.60M |
| Change to inventory | - | - | 3542.60M | - | - |
| Change to account receivables | -168.10M | 107.30M | -282.40M | -2392.80M | -2732.90M |
| Sale purchase of stock | -2547.53M | -1828.80M | -363.20M | -347.80M | -1190.70M |
| Other cashflows from financing activities | -415.07M | -1006.20M | -451.40M | -383.70M | 3118.50M |
| Change to netincome | - | - | - | -9932.90M | -592.10M |
| Capital expenditures | 596.46M | 408.80M | 514.10M | 418.90M | 353.90M |
| Change in working capital | 4258.40M | 1406.80M | 3076.30M | 3820.10M | 2986.90M |
| Stock based compensation | 176.60M | 164.90M | 147.00M | 146.10M | 104.10M |
| Other non cash items | -6121.35M | -2849.50M | -9426.90M | -10174.90M | -1386.00M |
| Free cash flow | 2396.53M | 3585.10M | -553.50M | -4838.80M | 6287.10M |
Sector: Financial Services Industry: Insurance - Property & Casualty
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| FFH Fairfax Financial Holdings Ltd |
260.97 10.49% |
2749.83 | 8.41 | 9.51 | 1.35 | 1.47 | 1.57 |
| IFC Intact Financial Corporation |
19.42 7.39% |
282.15 | 14.24 | 14.68 | 1.78 | 2.43 | 2.01 |
| FFH-PK Fairfax Financial Holdings Ltd Pref K |
0.19 0.76% |
25.30 | 0.15 | - | 0.67 | - | - |
| IFC-PG Intact Financial Corp |
0.15 0.59% |
25.49 | 1.87 | - | 0.93 | - | - |
| IFC-PE Intact Financial Corp Pref Series 5 |
-0.05 0.22% |
23.00 | 1.84 | - | 0.76 | - | - |
Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally. It operates through Property and Casualty Insurance and Reinsurance; Life insurance and Run-off; and Non-Insurance Companies segments. The company offers property insurance, which insures against losses to property from fire, explosion, and terrorism, as well as natural perils, such as earthquake, windstorm, and flood; and engineering problems, including boiler explosion, machinery breakdown, and construction defects. It also provides casualty insurance, which insures against accidents, and workers' compensation and automobile; employers' liability, accident and health, medical malpractice, cyber, and professional liability and umbrella coverage; specialty insurance comprising marine, aerospace and surety risk, and other various risks and liabilities; and reinsurance products. In addition, the company engages in the franchising, owning, and operating of restaurants; specialty sleep retailing; sports lifestyle retailing; owns and operates holiday resorts; originates, processes, and distributes value-added pulses and staple food; develops, invests, and manages hospitality real estate; and designs, manufactures, and distributes performance sports related equipment, and related apparel and accessories. Further, it offers travel and travel-related financial services; infrastructure support services; advanced digital tools for agriculture; and value-added milk, fats, fresh confectionery, and plant-based bulk ingredients. The company was formerly known as Markel Financial Holdings Limited and changed its name to Fairfax Financial Holdings Limited in 1987. Fairfax Financial Holdings Limited was incorporated in 1951 and is headquartered in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. V. Prem Watsa | Founder, Chairman & CEO | 1950 |
| Mr. Peter S. Clarke | Pres & COO | 1972 |
| Ms. Jennifer J. S. Allen | VP & CFO | 1970 |
| Mr. Jean Cloutier | VP of International Operations & Chairman of International | 1964 |
| Mr. Michael Anthony Wallace | VP of Insurance Operations | NA |
| Mr. Vinodh Loganadhan | VP of Admin. Services | NA |
| Mr. Derek Bulas | Associate VP of Legal | NA |
| Mr. John Charles Varnell CPA | VP of Corp. Devel. | 1957 |
| Mr. Sammy Y. Chan | Pres of Fairfax Asia | NA |
| Mr. Eric Paul Salsberg | VP of Corp. Affairs & Corp. Sec. | 1945 |
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