Fairfax Financial Holdings Limited (T:FFH*CA)

Business Focus: Property & Casualty Insurance (NEC)

Sector:  Financials Industry:  Property & Casualty Insurance
 
Company Contact
Address: 95 Wellington St West Ste 800
TORONTO ON M5J 2N7
Tel: N/A
Website: https://www.fairfax.ca
IR: See website
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Key People
Vivan Prem Watsa
Chairman of the Board, Chief Executive Officer
Thomas Rowe
Vice President - Corporate Affairs
Peter S. Clarke
President, Chief Operating Officer
Jennifer Allen
Chief Financial Officer, Vice President
Eric P. Salsberg
Vice President, Corporate Secretary
Bryan Bailey
Vice President - Tax
Derek Bulas
Vice President, Chief Legal Officer
Jean Cloutier
Vice President and Chairman International
Bradley Paul L. Martin
Vice President - Strategic Investments
Olivier Quesnel
Vice President and Chief Actuary
   
Business Overview
Fairfax Financial Holdings Limited is a Canada-based holding company. The Company, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management. The Company's segments include Property and Casualty Insurance and Reinsurance, Life insurance and Run-off and Non-insurance companies. The Property and Casualty Insurance and Reinsurance segment includes North American Insurers, Global Insurers and Reinsurers and International Insurers and Reinsurers. The Life Insurance and Run-off segment include Eurolife and Run-off. The Non-insurance companies segment includes restaurants and retail, Fairfax India, Thomas Cook India and others. Eurolife underwrites traditional life insurance policies (endowments, deferred annuities, whole life and term life), group benefits, including retirement benefits, and accident and health insurance policies. The North American Insurers include Northbridge, Crum & Forster and Zenith National.
Financial Overview
For the fiscal year ended 31 December 2023, Fairfax Financial Holdings Ltd revenues increased 13% to $35.44B. Net income applicable to common stockholders increased 30% to $4.33B. Revenues reflect Net change in unrealized gains (losses) increase from -$1.93B to $1.64B. Net income benefited from Global Insurers and Reinsurers segment income increase of 63% to $3.97B, Commission Ratio-International Insurers decrease of 8% to 16.2%.
Employees: 51,044 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $48,775M as of Dec 31, 2023
Annual revenue (TTM): $48,083M as of Dec 31, 2023
EBITDA (TTM): $8,559M as of Dec 31, 2023
Net annual income (TTM): $5,877M as of Dec 31, 2023
Free cash flow (TTM): -$1,151M as of Dec 31, 2023
Net Debt Last Fiscal Year: $9,887M as of Dec 31, 2023
Shares outstanding: 25,729,523 as of Mar 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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