Fairfax Financial Holdings

Founded in 1985 by Prem Watsa through the refinancing of Markel Financial, Fairfax Financial Holdings is a holding company based in Toronto engaged in property insurance, casualty insurance, reinsurance, and investment management. The firm operates a decentralized structure of global insurance subsidiaries while managing investments with a long term value approach modeled directly after the insurance float strategy of Warren Buffett. Operating as a publicly traded entity on the Toronto Stock Exchange since 1987, the corporation generates capital through underwriting premiums and returns from public and private companies. Over its extensive forty year operating history, the enterprise has accumulated $324,000,000,000 in cumulative written premiums while building comprehensive global insurance and investment solutions. Today, the company boasts a market capitalization of $43,220,000,000 and annual revenue of $34,800,000,000, recently achieving a record underwriting profit of $1,800,000,000 in 2024.