v3.25.4
Cash and Investments - Net gains (losses) on investments (Details)
€ in Millions, shares in Millions, $ in Millions, $ in Millions
12 Months Ended
Mar. 28, 2025
USD ($)
Dec. 20, 2024
USD ($)
Nov. 01, 2024
USD ($)
Dec. 31, 2025
USD ($)
shares
Dec. 31, 2025
CAD ($)
Dec. 31, 2025
EUR (€)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
Cash and Investments                
Net gains (losses) on investments       $ 3,151.4     $ 1,067.2  
Sales of investments in associates       630.0     682.7  
Orla Mining Limited                
Cash and Investments                
Sales of investments in associates       316.5 $ 441.1      
Equity price risk                
Cash and Investments                
Net gains (losses) on investments       3,050.1     1,859.0  
Common stocks                
Cash and Investments                
Net realized gains (losses)       391.3     507.0  
Net change in unrealized gains (losses)       1,099.9     (210.2)  
Net gains (losses) on investments       1,491.2     296.8  
Common stocks | Equity price risk                
Cash and Investments                
Net gains (losses) on investments       1,491.2     296.8  
Common stocks | Equity price risk | Orla Mining Limited                
Cash and Investments                
Net realized gain       228.1        
Unrealized gain from prior years recognized upon the sale of an associate       $ 52.5        
Number of shares sold | shares       25.0        
Sales of investments in associates       $ 316.5 $ 441.1      
Bonds and preferred stocks - convertible                
Cash and Investments                
Net realized gains (losses)       100.2     18.2  
Net change in unrealized gains (losses)       78.5     (3.6)  
Net gains (losses) on investments       178.7     14.6  
Bonds and preferred stocks - convertible | Equity price risk                
Cash and Investments                
Net gains (losses) on investments       178.7     14.6  
Other equity derivatives                
Cash and Investments                
Net realized gains (losses)       210.1     375.3  
Net change in unrealized gains (losses)       838.4     564.0  
Net gains (losses) on investments       1,048.5     939.3  
Long equity total return swaps on Fairfax subordinate voting shares                
Cash and Investments                
Net realized gains (losses)       57.9     517.7  
Net change in unrealized gains (losses)       782.7     515.8  
Cash-settlement amounts on market value movement       57.9     295.3  
Cash settlement on closing contracts             222.4  
Notional amount of contracts closed during the period             68.5  
Fair value       1,815.4     1,032.7  
Long equity total return swaps on Fairfax subordinate voting shares | Equity price risk                
Cash and Investments                
Net gains (losses) on investments       840.6     1,033.5  
Disposition of non-insurance associates                
Cash and Investments                
Net realized gains (losses)       233.8     575.5  
Net gains (losses) on investments       233.8     575.5  
Other                
Cash and Investments                
Net realized gains (losses)       97.9     32.8  
Net gains (losses) on investments       97.9     32.8  
Long equity exposure and financial effects                
Cash and Investments                
Net realized gains (losses)       1,033.3     1,508.8  
Net change in unrealized gains (losses)       2,016.8     350.2  
Net gains (losses) on investments       3,050.1     1,859.0  
Bonds                
Cash and Investments                
Net realized gains (losses)       (190.6)     (16.5)  
Net change in unrealized gains (losses)       573.8     (590.8)  
Net gains (losses) on investments       383.2     (607.3)  
Fair value       40,758.7     38,235.5  
U.S. treasury bond forward contracts                
Cash and Investments                
Net realized gains (losses)       (42.7)     (90.0)  
Net change in unrealized gains (losses)       44.9     (34.0)  
Net gains (losses) on investments       2.2     (124.0)  
Total bonds                
Cash and Investments                
Net realized gains (losses)       (233.3)     (106.5)  
Net change in unrealized gains (losses)       618.7     (624.8)  
Net gains (losses) on investments       385.4     (731.3)  
Foreign currency                
Cash and Investments                
Net realized gains (losses)       (377.3)     166.6  
Net change in unrealized gains (losses)       (62.4)     (191.8)  
Net gains (losses) on investments       (439.7)     (25.2)  
Other                
Cash and Investments                
Net realized gains (losses)       (59.3)     (17.9)  
Net change in unrealized gains (losses)       214.9     (17.4)  
Net gains (losses) on investments       155.6     (35.3)  
Net gains (losses) on investments                
Cash and Investments                
Net realized gains (losses)       363.4     1,551.0  
Net change in unrealized gains (losses)       2,788.0     (483.8)  
Net gains (losses) on investments       3,151.4     $ 1,067.2  
Peak Achievement                
Cash and Investments                
Percentage of equity interest   100.00%           42.60%
Gain on remeasurement of previously held equity interest   $ 203.4            
Orla Mining Limited | Common stocks                
Cash and Investments                
Fair value       $ 423.6        
Orla Mining Limited | Common stocks | Equity price risk | Orla Mining Limited                
Cash and Investments                
Number of shares sold | shares       25.0        
Stelco                
Cash and Investments                
Total consideration received from sale of interests in associates     $ 638.1          
Net realized gains (losses) on disposal     $ 343.7          
Sigma companies international corp                
Cash and Investments                
Total consideration received from sale of interests in associates $ 327.1              
Net realized gains (losses) on disposal $ 178.7              
Eurobank                
Cash and Investments                
Number of shares sold | shares       96.9        
Net realized gains (losses) on disposal       $ 58.5        
Sales of investments in associates       $ 248.5   € 232.9