FAIRFAX FINANCIAL HOLDINGS LTD/ CAN (FRFHF) Company Report

Analyst Coverage

Research analysts who have asked questions during FAIRFAX FINANCIAL HOLDINGS LTD/ CAN earnings calls.

Tom MacKinnon

BMO Capital Markets

9 questions for FRFHF

Also covers: CIXXF, GRWTF, GWLIF +3 more

Scott Heleniak

RBC Capital Markets

5 questions for FRFHF

Also covers: BOW, BRO, GSHD +8 more

Daniel Baldini

Oberon

4 questions for FRFHF

Jaeme Gloyn

National Bank Financial

4 questions for FRFHF

Also covers: BAM, BBU, BN

Nikolaus Priebe

CIBC

4 questions for FRFHF

Also covers: BAM, BBU, CIXXF

Stephen Boland

Raymond James

4 questions for FRFHF

Also covers: CIXXF

Andrew Goffe

Goffe Holdings

3 questions for FRFHF

Bart Dziarski

RBC Capital Markets

2 questions for FRFHF

Also covers: BAM, BBU, BN

Benjamin Graham Sanderson

Individual Investor

2 questions for FRFHF

David Erb

Merrion Investment Management

2 questions for FRFHF

Also covers: MFC, MIL

Theo Chiarot

Private Investor

2 questions for FRFHF

Asif Lalani

Indiscernible Capital

1 question for FRFHF

Latest news

Recent press releases and 8-K filings for FRFHF.

Fairfax Financial Holdings Limited Receives AM Best Credit Rating for Senior Unsecured Notes

FRFHF

Debt Issuance

New Projects/Investments

AM Best assigned a Long-Term Issue Credit Rating of "a-" (Excellent) with a stable outlook to Fairfax Financial Holdings Limited's CAD 400 million, 4.4% senior unsecured notes, due February 2036.
The Long-Term Issue Credit Rating of "a-" (Excellent) with a stable outlook for Fairfax's CAD 300 million 5.1% senior unsecured notes, due August 2055, remains unchanged, despite an additional CAD 250 million being issued, bringing the total to CAD 550 million.
Fairfax intends to use the net proceeds from the offering for refinancing debt, pursuing potential acquisitions or investments, and for general corporate purposes.

5 hours ago

Press Release

Fairfax Financial Holdings Limited Completes C$650 Million Senior Notes Offering

FRFHF

Debt Issuance

Fairfax Financial Holdings Limited completed a C$650 million Senior Notes offering on February 27, 2026.
The offering consists of 4.40% Senior Notes due 2036, which are direct, unsecured obligations of the Corporation and rank equally with all other unsecured and unsubordinated indebtedness.
The notes are redeemable at the Corporation's option, but not at the option of the Holder prior to maturity, and are not subject to any sinking fund.
The default threshold for debt under the indenture has been increased to US$100,000,000.

13 hours ago

6-K

Fairfax completes C$650 million senior notes offering

FRFHF

Debt Issuance

Fairfax Financial Holdings completed an offering of C$400 million 4.40% Senior Notes due 2036 and an additional C$250 million 5.10% Senior Notes due 2055, bringing the total outstanding for the 2055 series to C$550 million.
The proceeds will be used to refinance, repay, or redeem outstanding debt, equity, or other corporate obligations, pursue potential acquisitions or investments, and for general corporate purposes.
As of the announcement date, no specific targets or amounts have been determined for debt repayment, acquisitions, or investments; use of proceeds will depend on market conditions.

13 hours ago

Press Release

Fairfax Financial Holdings Limited Launches C$650 Million Senior Notes Offering

FRFHF

Debt Issuance

New Projects/Investments

Fairfax Financial Holdings Limited announced a C$650 million Senior Notes Offering.
The offering comprises C$400 million of 4.40% Senior Notes due 2036 and an additional C$250 million of 5.10% Senior Notes due 2055.
The net proceeds are intended for refinancing or repaying outstanding debt, pursuing potential acquisition or investment opportunities, and for general corporate purposes.
The offering is expected to close on or about February 27, 2026.

3 days ago

6-K

Fairfax Announces C$650 Million Senior Notes Offering

FRFHF

Debt Issuance

New Projects/Investments

Fairfax Financial Holdings Limited intends to offer C$650 million in aggregate principal amount of Senior Notes.
The offering includes C$400 million of Senior Notes due 2036 with a fixed interest rate of 4.40% per annum, and an additional C$250 million of 5.10% Senior Notes due 2055.
The net proceeds from the offering are intended for refinancing outstanding debt, pursuing potential acquisition or investment opportunities, and for general corporate purposes.
The offering is expected to close on or about February 27, 2026.

3 days ago

Press Release

Fairfax Financial Reports Record 2025 Earnings and Announces Key Strategic Transactions

FRFHF

Earnings

M&A

Share Buyback

Fairfax Financial reported record net earnings of $4.8 billion and record underwriting income of $1.8 billion for the full year 2025, with its book value per share increasing 20.5% to $1,260 at December 31, 2025.
The company announced a definitive merger agreement for Kennedy Wilson, where a consortium including Fairfax will acquire outstanding shares for $10.90 per share, with Fairfax committing up to $1.65 billion in funding; the transaction is expected to close in Q2 2026.
Fairfax repurchased over 1 million shares for cancellation in 2025 at an average cost of $1,066.15 per share, and an additional 131,000 shares in the first six weeks of 2026 at an average cost of $1,685 per share.
The company maintains its outlook for consolidated operating income of $5 billion for the next few years, which includes $1.5 billion in underwriting profit, and an effective tax rate between 22% and 25%.
Fairfax also classified $3.4 billion in assets and $3.6 billion in liabilities related to its Eurolife life operations as held for sale, with an estimated pretax gain of $350 million upon closing, expected in Q2 2026.

8 days ago

Transcript

Fairfax Financial Reports Record 2025 Earnings and Announces Kennedy-Wilson Acquisition

FRFHF

Earnings

M&A

Share Buyback

Fairfax Financial achieved its best year in history in 2025, reporting record after-tax earnings of $4.8 billion, record underwriting income of $1.8 billion, and record interest and dividend income of $2.6 billion.
The company's book value per share increased 20.5% (adjusted for a $15 dividend) to $1,260 at December 31, 2025, up from $1,060 at December 31, 2024.
Fairfax has committed up to $1.65 billion to fund the acquisition of Kennedy-Wilson by a consortium, which will result in Fairfax holding a majority economic interest in Kennedy-Wilson. This transaction is expected to close in the second quarter of 2026.
In 2025, Fairfax purchased for cancellation just over 1 million shares at an average cost of $1,066.15 per share, and a further 131,000 shares were purchased in the first six weeks of 2026 at an average cost of $1,685 per share.
The company anticipates consolidated operating income of $5 billion for the next few years, comprising $1.5 billion of underwriting profit, $2.5 billion of interest and dividend income, and $1 billion from associates and non-insurance consolidated income.

8 days ago

Transcript

Fairfax Financial Holdings Reports Record 2025 Earnings and Strategic Capital Deployment

FRFHF

Earnings

M&A

Share Buyback

Fairfax Financial Holdings reported its best year in history for 2025, with net earnings after taxes of $4.8 billion, record underwriting income of $1.8 billion, and record interest and dividend income of $2.6 billion.
Book value per share increased 20.5% (adjusted for a $15 dividend) to $1,260 at December 31, 2025, from $1,060 at December 31, 2024.
The company committed up to $1.65 billion to a consortium, including Fairfax, for the acquisition of outstanding shares of Kennedy-Wilson at $10.90 per share, with the transaction expected to close in Q2 2026.
Fairfax repurchased just over 1 million shares for cancellation in 2025 at an average cost of $1,066.15 per share, and an additional 131,000 shares in the first six weeks of 2026 at $1,685 per share.
Insurance and reinsurance operations achieved $33.3 billion of gross premium written in 2025 and a full-year combined ratio of 93.0% on a discounted basis, alongside $752 million in favorable reserve development.

8 days ago

Transcript

Fairfax Financial Holdings Limited Announces Strong Fiscal Year 2025 Results

FRFHF

Earnings

Share Buyback

M&A

Fairfax Financial Holdings Limited reported net earnings of $4,772.4 million ($213.78 net earnings per diluted share) for fiscal year 2025, a significant increase from $3,874.9 million ($160.56 per diluted share) in fiscal year 2024.
The company achieved a record underwriting profit of $1.8 billion with a consolidated combined ratio of 93.0% on an undiscounted basis, alongside net gains on investments of $3.2 billion.
Book value per basic share increased by 20.5% (adjusted for dividends) to $1,260.19 at December 31, 2025, from $1,059.60 at December 31, 2024.
During 2025, Fairfax purchased 1,006,535 subordinate voting shares for cancellation at a cost of $1.6 billion.
Subsequent to year-end, Fairfax committed to provide up to $1.65 billion in funding for the acquisition of Kennedy Wilson and AGT filed a preliminary prospectus for a proposed Cdn$460 million IPO.

Feb 19, 2026, 10:29 PM

6-K

Fairfax India Holdings Corporation Reports Strong Fiscal Year 2025 Earnings

FRFHF

Earnings

Share Buyback

New Projects/Investments

Fairfax India Holdings Corporation reported net earnings of $410.5 million ($3.05 net earnings per diluted share) for fiscal year 2025, a significant turnaround from a net loss of $41.2 million ($0.30 net loss per diluted share) in fiscal year 2024.
The company's book value per share increased 9.4% to $22.94 at December 31, 2025, compared to $20.96 at December 31, 2024.
This performance was primarily driven by net gains on investments, including $527.6 million in unrealized gains and $53.5 million in realized gains, partially offset by $153.8 million in unrealized foreign currency translation losses.
During 2025, the company repurchased 620,658 subordinate voting shares for cancellation at a net cost of $10.4 million.
As of December 31, 2025, Fairfax India maintained $50.7 million in cash and marketable securities.