| Supplementary Cash Flow Information |
25.Supplementary Cash Flow Information Cash, cash equivalents and bank overdrafts as presented in the consolidated statements of cash flows excludes restricted cash and cash equivalents that are amounts primarily required to be maintained on deposit with various regulatory authorities to support the operations of the property and casualty insurance and reinsurance subsidiaries, and at December 31, 2024 included restricted cash of $835.0 held at a depository which was released on January 1, 2025 in connection with the company’s investments in Blizzard Vacatia as described in note 5. Cash equivalents are comprised of treasury bills and other eligible bills. | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Unrestricted cash and cash | | | | | | | | | | | | | | | equivalents included in the | | | | | | | | Cash and cash equivalents included on | | | consolidated statement of cash flows | | Restricted cash and cash equivalents | | the consolidated balance sheet | | | | | Cash | | | | | | Cash | | | | | | Cash | | | | | Cash | | equivalents | | Total | | Cash | | equivalents | | Total | | Cash | | equivalents | | Total | Holding company cash and investments | | 89.1 | | 108.1 | | 197.2 | | — | | — | | — | | 89.1 | | 108.1 | | 197.2 | Subsidiary cash and short term investments | | 2,265.1 | | 3,658.2 | | 5,923.3 | | 344.6 | | 295.8 | | 640.4 | | 2,609.7 | | 3,954.0 | | 6,563.7 | Fairfax India | | 17.4 | | 0.4 | | 17.8 | | — | | 4.2 | | 4.2 | | 17.4 | | 4.6 | | 22.0 | Assets held for sale (note 21) | | 9.4 | | 95.1 | | 104.5 | | 0.1 | | — | | 0.1 | | 9.5 | | 95.1 | | 104.6 | | | 2,381.0 | | 3,861.8 | | 6,242.8 | | 344.7 | | 300.0 | | 644.7 | | 2,725.7 | | 4,161.8 | | 6,887.5 |
| | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | Unrestricted cash and cash | | | | | | | | | | | | | | | equivalents included in the | | | | | | | | Cash and cash equivalents included on | | | consolidated statement of cash flows | | Restricted cash and cash equivalents | | the consolidated balance sheet | | | | | Cash | | | | | | Cash | | | | | | Cash | | | | | Cash | | equivalents | | Total | | Cash | | equivalents | | Total | | Cash | | equivalents | | Total | Holding company cash and investments | | 146.2 | | 362.0 | | 508.2 | | 155.0 | | — | | 155.0 | | 301.2 | | 362.0 | | 663.2 | Holding company assets pledged for derivative obligations | | — | | 101.1 | | 101.1 | | — | | — | | — | | — | | 101.1 | | 101.1 | Subsidiary cash and short term investments | | 2,411.2 | | 3,010.2 | | 5,421.4 | | 1,000.1 | | 240.6 | | 1,240.7 | | 3,411.3 | | 3,250.8 | | 6,662.1 | Fairfax India | | 55.1 | | 26.7 | | 81.8 | | — | | 4.4 | | 4.4 | | 55.1 | | 31.1 | | 86.2 | | | 2,612.5 | | 3,500.0 | | 6,112.5 | | 1,155.1 | | 245.0 | | 1,400.1 | | 3,767.6 | | 3,745.0 | | 7,512.6 |
Details of certain cash flows included in the consolidated statement of cash flows for the years ended December 31 were as follows: | | | | | | | 2025 | | 2024 | Net (purchases) sales of investments classified at FVTPL | | | | | Short term investments | | (1,268.6) | | 1,267.0 | Bonds | | (2,589.6) | | (1,888.1) | Preferred stocks | | (9.1) | | (11.3) | Common stocks | | (169.6) | | (248.5) | Net derivatives and other invested assets | | (22.2) | | 365.1 | | | (4,059.1) | | (515.8) | | | | | | Changes in operating assets and liabilities | | | | | Net (increase) decrease in restricted cash and cash equivalents | | 746.5 | | (733.3) | Insurance contract receivables | | (231.0) | | 144.2 | Reinsurance contract assets held | | (377.2) | | 17.2 | Insurance contract payables | | 61.3 | | (273.8) | Insurance contract liabilities | | 4,329.4 | | 2,388.4 | Other receivables | | 62.9 | | (36.9) | Accounts payable and accrued liabilities | | 47.4 | | 312.5 | Other | | (380.9) | | (411.5) | | | 4,258.4 | | 1,406.8 | | | | | | Net interest and dividends received | | | | | Interest and dividends received | | 2,584.2 | | 2,570.6 | Interest paid on borrowings | | (677.4) | | (508.8) | Interest paid on lease liabilities | | (73.0) | | (57.3) | | | 1,833.8 | | 2,004.5 | | | | | | | | | | | Net income taxes paid | | (953.5) | | (1,005.6) |
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