v3.25.4
Earnings per Share
12 Months Ended
Dec. 31, 2025
Earnings per Share  
Earnings per Share

17.Earnings per Share

Net earnings per share is calculated using the weighted average common shares outstanding as follows:

  ​ ​ ​

2025

  ​ ​ ​

2024

Net earnings attributable to shareholders of Fairfax

 

4,772.4

 

3,874.9

Preferred share dividends (note 16)

 

(24.5)

 

(48.6)

Excess of carrying value over redemption cost of preferred shares redeemed (note 16)

187.1

53.5

Net earnings attributable to common shareholders – basic and diluted

 

4,935.0

 

3,879.8

Weighted average common shares outstanding – basic

 

21,449,822

 

22,373,092

Share-based payment awards

 

1,634,205

 

1,790,368

Weighted average common shares outstanding – diluted

 

23,084,027

 

24,163,460

Net earnings per common share – basic

$

230.07

$

173.41

Net earnings per common share – diluted

$

213.78

$

160.56