v3.25.4
Consolidated Statements of Earnings - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Insurance    
Insurance revenue $ 31,595.0 $ 31,064.1
Insurance service expenses (26,051.5) (24,866.8)
Net insurance result 5,543.5 6,197.3
Cost of reinsurance (5,522.1) (6,197.7)
Recoveries of insurance service expenses 3,826.6 4,453.2
Net reinsurance result (1,695.5) (1,744.5)
Insurance service result 3,848.0 4,452.8
Other insurance operating expenses (1,150.7) (1,182.9)
Net finance expense from insurance contracts (2,450.6) (1,754.9)
Net finance income from reinsurance contract assets held 613.8 475.0
Total 860.5 1,990.0
Investment income    
Interest and dividends 2,574.0 2,511.9
Share of profit of associates 816.1 956.3
Net gains on investments 3,151.4 1,067.2
Total 6,541.5 4,535.4
Other revenue and expenses    
Non-insurance revenue 8,537.6 6,682.8
Non-insurance expenses (8,196.9) (6,470.5)
Interest expense (821.9) (649.0)
Corporate and other expenses (480.5) (450.2)
Total (961.7) (886.9)
Earnings before income taxes 6,440.3 5,638.5
Provision for income taxes (1,156.5) (1,375.6)
Net earnings 5,283.8 4,262.9
Attributable to:    
Shareholders of Fairfax 4,772.4 3,874.9
Non-controlling interests 511.4 388.0
Net earnings $ 5,283.8 $ 4,262.9
Net earnings per share (in dollars per share) $ 230.07 $ 173.41
Net earnings per diluted share (in dollars per share) 213.78 160.56
Cash dividends paid per share (in dollars per share) $ 15 $ 15
Shares outstanding (000) (weighted average) (in shares) 21,449,822 22,373,092