Fairfax Financial Holdings Limited (T:FFH)
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 |
| 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: | $49,203M as of Dec 31, 2023 |
| Annual revenue (TTM): | $48,445M as of Dec 31, 2023 |
| EBITDA (TTM): | $8,624M as of Dec 31, 2023 |
| Net annual income (TTM): | $5,922M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1,160M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $9,961M as of Dec 31, 2023 |
| Shares outstanding: | 25,599,212 as of Apr 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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