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Fairfax Financial Holdings Limited (FFH.TO)

CAD2,321.45 +0.51 (+0.02%)
CA TSX Financial Services Insurance - Property & Casualty
Address 95 Wellington Street West M5J 2N7
Toronto, ON, CA
CEO V. Prem Watsa
Website fairfax.ca
IPO 1995-01-12
ISIN CA3039011026

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Also trades on Other OTC · FXFLF (USD) Other OTC · FAXXF (USD) Other OTC · FAXRF (USD) Other OTC · FFHPF (USD) Other OTC · FRFFF (USD) Other OTC · FRFGF (USD) Other OTC · FRFHF (USD) Other OTC · FRFXF (USD) Other OTC · FRFZF (USD) Other OTC · FXFHF (USD) Toronto Stock Exchange · FFH.TO (CAD)
Description

Fairfax Financial Holdings Limited operates as a diversified holding company, primarily engaged in property and casualty insurance and reinsurance, in addition to providing investment management services. Its global reach spans the United States, Canada, Asia, and other international territories. The company organizes its operations across distinct segments: Insurance and Reinsurance, Run-off activities, and a portfolio of Non-Insurance Companies. Within its insurance divisions, Fairfax underwrites a broad spectrum of coverage. This includes protection against property losses from events such as fire, explosions, earthquakes, windstorms, floods, boiler malfunctions, machinery breakdowns, and construction defects. The company also issues policies for automobiles, commercial and personal property, and agricultural crops. Furthermore, its offerings extend to workers' compensation, employer's liability, accident and health, medical malpractice, professional liability, and umbrella insurance. Specialized lines comprise marine, aerospace, surety bonds, and various other risks and liabilities, complemented by a substantial reinsurance business. Beyond its core financial services, Fairfax holds significant interests in diverse non-insurance sectors. These encompass the retail of goods ranging from home improvement products, toys, and baby items to golf equipment, sports apparel, housewares, home décor, tableware, and gifts. The company also makes investments in other retail businesses and manages holiday resorts. Its subsidiaries provide integrated travel and travel-related financial services, participate in the sourcing, processing, and distribution of pulses and staple foods, and are involved in the creation, production, and distribution of entertainment content. Additionally, Fairfax offers pet medical insurance, database services, and media and marketing solutions. Founded in 1951, the company was originally named Markel Financial Holdings Limited before rebranding as Fairfax Financial Holdings Limited in 1987. Its corporate headquarters are located in Toronto, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD2,321.45 +0.51 (+0.02%)
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Volume Profile
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Liquidity & share structure
Average Volume
65.5K
Beta
0.45
Float Shares
19.12M
Free Float %
89.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.46% +2.95% -5.49% -2.53% +0.22% -13.69% +2.58% +141.56% +301.49% +240.59% +3,148.68%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (3 ratings, all time) Buy
Price Targets & DCF
Current price
2,321.45
DCF (Unlevered) 10,218.33 +340.2%
DCF (Levered) 2,097.49 -9.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 2 0
Quality scores
Altman Z-Score
1.21
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Insurance - Property & Casualty: +14.1%
    +6.9% Q1'26: -14.2% (vs Q1'25)
  • EPS growth Insurance - Property & Casualty: +27.5%
    +35.5% Q1'26: -27.1% (vs Q1'25)
  • FCF margin FCF growth · Insurance - Property & Casualty: +25.6%
    +32.0% Q1'26: -6.3% (vs Q1'25)
  • EBIT margin Insurance - Property & Casualty: +16.3%
    +23.9% Q1'26: +19.5% (vs Q1'25)
  • ROIC Insurance - Property & Casualty: +7.9%
    +17.5% Q1'26: +10.3% (vs Q1'25)
  • Share dilution Insurance - Property & Casualty: +0.4%
    -7.6% Q1'26: +1.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Insurance - Property & Casualty: -0.10×
    1.84× Q1'26: 2.46× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.46) × ERP
WACC = 71% × Ke + 29% × Kd (5.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 10,218.33 Current price: 2,321.45
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2009
actual
Dec 2010
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
3 EPS Ana.
Dec 2027
1 Rev. Ana.
3 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
6.64B
est: 6.85B (-3.1%)
5.97B
est: 7.13B (-16.3%)
7.81B
est: 7.57B (+3.2%)
5.72B
est: 6.39B (-10.6%)
9.82B
est: 9.93B (-1.2%)
9.17B
est: 11.87B (-22.8%)
9.28B
est: 12.63B (-26.6%)
14.01B
est: 14.54B (-3.7%)
16.51B
est: 20.94B (-21.2%)
21.18B
est: 22.18B (-4.5%)
19.86B
est: 23.98B (-17.2%)
25.80B
est: 29.24B (-11.7%)
19.58B
est: 38.43B (-49.0%)
25.80B
est: 24.37B (+5.9%)
28.45B
est: 32.65B (-12.9%)
30.41B
est: 33.33B (-8.8%)
33.63B
33.63B – 33.63B
+0.9% YoY
34.66B
34.66B – 34.66B
+3.1% YoY
32.01B
32.01B – 32.01B
-7.6% YoY
EBITDA
1.41B
est: 1.56B (-9.8%)
395.10M
est: 1.59B (-75.2%)
928.20M
est: 1.04B (-10.8%)
-685.60M
est: 444.13M (-254.4%)
2.64B
est: -1.59B (+266.4%)
976.80M
est: 2.27B (-57.1%)
-119.80M
est: 790.18M (-115.2%)
2.63B
est: -1.27B (+307.0%)
1.56B
est: 2.35B (-33.5%)
3.36B
est: 609.18M (+450.8%)
1.47B
est: 3.19B (-53.8%)
5.84B
est: 3.66B (+59.5%)
6.03B
est: 3.65B (+65.4%)
7.31B
est: 6.48B (+12.8%)
7.04B
est: 8.69B (-18.9%)
8.05B
est: 8.87B (-9.3%)
8.94B
8.94B – 8.94B
+0.9% YoY
9.22B
9.22B – 9.22B
+3.1% YoY
8.51B
8.51B – 8.51B
-7.6% YoY
EBIT
1.37B
est: 1.33B (+3.3%)
346.60M
est: 1.36B (-74.4%)
857.20M
est: 1.52B (-43.5%)
-789.90M
est: 717.70M (-210.1%)
2.54B
est: -1.38B (+284.6%)
843.50M
est: 2.41B (-65.0%)
-311.50M
est: 588.08M (-153.0%)
2.35B
est: -316.81M (+843.2%)
1.21B
est: 2.43B (-50.2%)
2.70B
est: 1.33B (+102.9%)
720.00M
est: 1.41B (-48.9%)
4.91B
est: 1.62B (+203.6%)
5.36B
est: 1.61B (+232.4%)
6.42B
est: 5.71B (+12.3%)
6.29B
est: 7.66B (-17.9%)
7.26B
est: 7.82B (-7.1%)
7.88B
7.88B – 7.88B
+0.9% YoY
8.13B
8.13B – 8.13B
+3.1% YoY
7.50B
7.50B – 7.50B
-7.6% YoY
Net Income
856.80M
est: 1.14B (-24.6%)
335.80M
est: 892.10M (-62.4%)
526.90M
est: 947.28M (-44.4%)
-573.40M
est: 449.19M (-227.7%)
1.63B
est: -890.30M (+283.4%)
567.70M
est: 1.62B (-64.9%)
-512.50M
est: 598.20M (-185.7%)
1.74B
est: -787.42M (+321.1%)
376.00M
est: 1.96B (-80.9%)
2.00B
est: 447.46M (+347.9%)
218.40M
est: 1.80B (-87.9%)
3.40B
est: 2.07B (+64.4%)
3.37B
est: 2.06B (+63.6%)
4.38B
est: 2.88B (+52.3%)
3.87B
est: 3.33B (+16.5%)
4.77B
est: 4.63B (+3.2%)
4.45B
3.98B – 4.92B
-3.9% YoY
4.19B
3.89B – 4.48B
-5.8% YoY
2.82B
2.82B – 2.82B
-32.6% YoY
SGA
701.10M
est: 231.91M (+202.3%)
707.50M
est: 241.41M (+193.1%)
1.13B
est: 256.34M (+341.6%)
1.19B
est: 216.44M (+447.5%)
1.23B
est: 336.30M (+264.9%)
1.47B
est: 401.97M (+265.7%)
762.90M
est: 427.67M (+78.4%)
1.01B
est: 492.20M (+105.5%)
1.32B
est: 1.04B (+27.0%)
1.40B
est: 1.39B (+0.3%)
1.09B
est: 1.42B (-23.0%)
1.16B
est: 1.63B (-29.1%)
1.36B
est: 1.62B (-16.3%)
est: 1.65B (-100.0%)
est: 2.21B (-100.0%)
6.81B
est: 2.25B (+202.0%)
2.27B
2.27B – 2.27B
+0.9% YoY
2.34B
2.34B – 2.34B
+3.1% YoY
2.16B
2.16B – 2.16B
-7.6% YoY
EPS
43.99
est: 47.02 (-6.4%)
21.41
est: 41.71 (-48.7%)
23.22
est: 12.88 (+80.2%)
-28.16
est: -29.06 (+3.1%)
74.43
est: 66.69 (+11.6%)
23.67
est: 24.80 (-4.6%)
-22.27
est: -15.44 (-44.2%)
66.74
est: 61.20 (+9.0%)
13.67
est: 19.72 (-30.7%)
74.50
est: 59.22 (+25.8%)
1.08
est: -21.58 (+105.0%)
129.33
est: 130.79 (-1.1%)
45.27
est: 32.06 (+41.2%)
171.28
est: 128.89 (+32.9%)
173.41
est: 148.99 (+16.4%)
230.07
est: 207.19 (+11.0%)
199.16
178.12 – 220.21
-3.9% YoY
187.56
174.45 – 200.66
-5.8% YoY
126.35
126.35 – 126.35
-32.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-08 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-07 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-06 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-05 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-04 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-01 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-30 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-29 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-28 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-27 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-24 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-23 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-22 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-21 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-20 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-17 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5
2026-04-16 A 4/5 4/5 5/5 5/5 2/5 4/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
543.90M
OE per share TTM
21.41
Owner's Yield
1.16%
Maintenance CapEx ratio
34.57%
Maint CapEx / Avg PPE
10.2%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
7
Total invested
32.90M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
7
-14 vs prev Q
New positions
0
Closed positions
14
Increased
1
Reduced
1
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 ATLAS CAPITAL ADVISORS LLC 495.00 +495.0 (+100.0%) 944.47M +944.5M (+100.0%) 0.00% +0.002 pp 0.11% +0.105 pp CAD2,615.89 +0.0% 1 qtrs NEW
2 MRAZ, AMERINE & ASSOCIATES, INC. 29.1K +148.0 (+0.5%) 55.50M +4.8M (+9.5%) 0.14% +0.002 pp 8.25% +0.353 pp CAD1,712.29 +52.8% 56 qtrs
3 ELGETHUN CAPITAL MANAGEMENT 24.9K +262.0 (+1.1%) 47.42M +4.2M (+9.8%) 0.12% +0.002 pp 8.19% +0.350 pp CAD1,006.32 +159.9% 12 qtrs
4 POEHLING CAPITAL MANAGEMENT, INC. 18.2K +51.0 (+0.3%) 34.78M +3.0M (+9.3%) 0.08% +0.001 pp 7.12% +0.426 pp CAD1,475.68 +77.3% 8 qtrs
5 12.00 +12.0 (+100.0%) 22.90M +22.9M (+100.0%) 0.00% +0.000 pp 0.00% +0.003 pp CAD2,615.83 +0.0% 1 qtrs NEW
6 MN SERVICES VERMOGENSBEHEER B.V. 7.7K +253.0 (+3.4%) 14.61M +1.7M (+12.8%) 0.04% +0.001 pp 0.09% +0.006 pp CAD1,502.05 +74.2% 8 qtrs
7 HERITAGE WEALTH ADVISORS 2.7K +— (+0.0%) 5.11M +424.2K (+9.1%) 0.01% +0.000 pp 0.20% -0.010 pp CAD1,113.31 +135.0% 10 qtrs
8 FRONT STREET CAPITAL MANAGEMENT, INC. 1.0K +— (+0.0%) 1.96M +164.0K (+9.2%) 0.00% +0.000 pp 0.28% +0.001 pp CAD595.57 +339.2% 29 qtrs
9 KAHN BROTHERS GROUP INC 1.0K +— (+0.0%) 1.94M +161.3K (+9.1%) 0.00% +0.000 pp 0.34% +0.009 pp CAD1,457.43 +79.5% 8 qtrs
10 LOUNTZIS ASSET MANAGEMENT, LLC 244.00 +— (+0.0%) 465.1K +38.3K (+9.0%) 0.00% +0.000 pp 0.17% +0.026 pp CAD430.21 +508.0% 23 qtrs
11 YOUSIF CAPITAL MANAGEMENT, LLC 257.00 +11.0 (+4.5%) 448.0K +17.9K (+4.2%) 0.00% +0.000 pp 0.00% +0.000 pp CAD990.92 +164.0% 16 qtrs
12 WILLIAMS JONES WEALTH MANAGEMENT, LLC. 200.00 +— (+0.0%) 381.6K +31.9K (+9.1%) 0.00% +0.000 pp 0.00% +0.000 pp CAD1,457.43 +79.5% 8 qtrs
13 NBC SECURITIES, INC. 155.00 +7.0 (+4.7%) 295.8K +37.0K (+14.3%) 0.00% +0.000 pp 0.02% +0.002 pp CAD2,465.13 +6.1% 3 qtrs
14 CHECK CAPITAL MANAGEMENT INC/CA 133.00 +133.0 (+100.0%) 253.8K +253.8K (+100.0%) 0.00% +0.001 pp 0.01% +0.007 pp CAD2,615.89 +0.0% 1 qtrs NEW
15 BOIT C F DAVID 100.00 +— (+0.0%) 187.5K +12.6K (+7.2%) 0.00% +0.000 pp 0.08% +0.002 pp CAD898.83 +191.0% 12 qtrs
16 GAMMA INVESTING LLC 98.00 +10.0 (+11.4%) 187.0K +33.1K (+21.5%) 0.00% +0.000 pp 0.01% +0.001 pp CAD1,532.54 +70.7% 9 qtrs
17 COSTON, MCISAAC & PARTNERS 40.00 +— (+0.0%) 76.0K +7.0K (+10.1%) 0.00% +0.000 pp 0.02% +0.001 pp CAD682.10 +283.5% 15 qtrs
18 SALOMON & LUDWIN, LLC 12.00 +— (+0.0%) 22.5K +1.4K (+6.7%) 0.00% +0.000 pp 0.00% +0.000 pp CAD2,458.00 +6.4% 3 qtrs
19 PNC FINANCIAL SERVICES GROUP, INC. 8.00 -12.0 (-60.0%) 15.3K -19.7K (-56.4%) 0.00% 0.000 pp 0.00% +0.000 pp CAD1,344.75 +94.5% 14 qtrs
20 RHUMBLINE ADVISERS 5.00 +— (+0.0%) 9.5K +799.0 (+9.1%) 0.00% +0.000 pp 0.00% +0.000 pp CAD1,457.20 +79.5% 8 qtrs
21 HANTZ FINANCIAL SERVICES, INC. 1.00 -1.0 (-50.0%) 2.0K -1.0K (-33.3%) 0.00% +0.000 pp 0.00% +0.000 pp CAD2,434.00 +7.5% 2 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 201 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 BMO MSCI Canada Value Index ETF ZVC.TO 3.03% 1.10M 0.40%
2 iShares Canadian Financial Monthly Income ETF FIE.TO 3.00% 30.43M 0.74%
3 BMO Low Volatility Canadian Equity ETF ZLB.TO 2.71% 119.63M 0.39%
4 iShares S&P/TSX Capped Financials Index ETF XFN.TO 2.55% 42.17M 0.61%
5 iShares Canadian Value Index ETF XCV.TO 2.10% 3.72M 0.55%
6 iShares MSCI Min Vol Canada Index ETF XMV.TO 1.80% 4.99M 0.34%
7 TD Q Canadian Low Volatility ETF TCLV.TO 1.67% 1.44M 0.34%
8 Fidelity All-Canadian Equity ETF FCCA.NE 1.30% 1.89M 0.39%
9 iShares S&P/TSX 60 Index ETF XIU.TO 1.15% 192.97M 0.18%
10 Franklin FTSE Canada ETF FLCA 1.13% 8.91M 0.09%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
154.4K
Shares Outstanding
21.45M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Peter S. Clarke President & Chief Operating Officer 4M male
Jean Cloutier Vice President & Chairman of International 3M male
Jennifer J. S. Allen Vice President & Chief Business Officer 3M female
Thomas Brian-Caerhayes Rowe Vice President of Corporate Affairs 2M male
Amy Sherk Vice President & Chief Financial Officer 1M female
John Charles Varnell Vice President of Corporate Development 992.3K male
V. Prem Watsa Founder, Chairman & Chief Executive Officer 630.0K male
Jonathan Godown Executive Vice President of Fairfax Insurance Group male
Khaled Saoud Abdul Aziz Al Hasan Group Chief Executive Officer of Gulf Insurance male
Kleven Sava Managing Director of Fixed Income male
Lawrence Chin Chief Operating Officer of HWIC male
Paul Adamson Chief Executive Officer of GIG Gulf male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits