| Schedule of accounts payable and accrued liabilities |
Accounts payable and accrued liabilities were comprised as follows: | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | | Insurance | | | | | | Insurance | | | | | | | and | | Non- | | | | and | | Non- | | | | | reinsurance | | insurance | | | | reinsurance | | insurance | | | | | companies(1) | | companies | | Total | | companies(1) | | companies | | Total | Payables related to cost of sales | | — | | 1,217.4 | | 1,217.4 | | — | | 1,209.8 | | 1,209.8 | Lease liabilities(2) | | 338.8 | | 852.2 | | 1,191.0 | | 348.2 | | 956.6 | | 1,304.8 | Salaries and employee benefit liabilities | | 741.3 | | 174.6 | | 915.9 | | 709.8 | | 157.4 | | 867.2 | Income taxes payable | | 404.4 | | 35.5 | | 439.9 | | 376.0 | | 56.3 | | 432.3 | Deferred gift card, hospitality and other revenue(2) | | 16.8 | | 338.9 | | 355.7 | | 24.5 | | 417.5 | | 442.0 | Put options held by non-controlling interests(3) | | 256.3 | | 24.1 | | 280.4 | | 176.6 | | 25.1 | | 201.7 | Amounts payable for securities purchased but not yet settled(4) | | 164.1 | | 76.5 | | 240.6 | | 69.9 | | — | | 69.9 | Accrued taxes | | 116.4 | | 32.9 | | 149.3 | | 92.4 | | 40.6 | | 133.0 | Pension and post retirement liabilities | | 86.2 | | 10.7 | | 96.9 | | 96.1 | | 13.2 | | 109.3 | Administrative and other(5) | | 906.0 | | 326.6 | | 1,232.6 | | 1,015.0 | | 293.3 | | 1,308.3 | | | 3,030.3 | | 3,089.4 | | 6,119.7 | | 2,908.5 | | 3,169.8 | | 6,078.3 | | | | | | | | | | | | | | Current | | 2,248.7 | | 2,072.3 | | 4,321.0 | | 1,950.5 | | 1,995.1 | | 3,945.6 | Non-current | | 781.6 | | 1,017.1 | | 1,798.7 | | 958.0 | | 1,174.7 | | 2,132.7 | | | 3,030.3 | | 3,089.4 | | 6,119.7 | | 2,908.5 | | 3,169.8 | | 6,078.3 |
| (1) | Includes Life insurance and Run-off, and the group holding companies. |
| (2) | The decrease during 2025 principally reflected the deconsolidation of The Keg. See note 21. |
| (3) | Principally comprised of a put option held by Eurobank on the non-controlling interest in Eurolife. Upon sale of the Eurolife Life Operations pursuant to the proposed transaction described in note 21, the put option would have a value of nil. |
| (4) | The increase during 2025 primarily reflected Fairfax India’s deferred consideration of $76.5 related to its additional investment in Bangalore Airport. See note 6. |
| (5) | Principally comprised of accrued operating expenses, accrued interest expense, advances from customers and liabilities related to business acquisitions. |
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