XML 171 R153.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segmented Information - Operating Segments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Disclosure of operating segments [line items]    
Gross premiums written $ 15,528.3 $ 12,207.5
Net premiums written 12,431.0 9,983.5
Net earned premium 12,066.0 9,721.4
Underwriting expenses (11,990.1) (10,570.3)
Underwriting profit (loss) 75.9 (848.9)
Interest income 743.9 514.6
Dividends 81.5 73.2
Investment expenses (41.9) (28.8)
Interest and dividends 783.5 559.0
Share of profit (loss) of associates 221.1 200.5
Other revenue 4,434.2 3,257.6
Other expenses (4,170.5) (2,996.0)
Other revenue (expenses) 263.7 261.6
Operating income (loss) 1,344.2 172.2
Net gains (losses) on investments 252.9 1,467.5
Gain on sale of subsidiary 0.0 1,018.6
Loss on repurchase of borrowings (58.9) (28.6)
Interest expense (347.1) (331.2)
Corporate overhead (329.0) (275.3)
Earnings before income taxes 862.1 2,023.2
Income taxes (44.2) (408.3)
Net earnings 817.9 1,614.9
Shareholders of Fairfax 376.0 1,740.6
Non-controlling interests 441.9 (125.7)
Operating companies    
Disclosure of operating segments [line items]    
Gross premiums written 15,600.5 12,412.9
Net premiums written 12,017.5 9,975.2
Net earned premium 11,661.4 9,701.3
Underwriting expenses (11,343.1) (10,342.8)
Underwriting profit (loss) 318.3 (641.5)
Interest income 621.0 456.0
Dividends 60.4 53.2
Investment expenses (137.3) (106.9)
Interest and dividends 544.1 402.3
Share of profit (loss) of associates 93.7 23.5
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) 956.1 (215.7)
Net gains (losses) on investments (524.7) 1,558.3
Gain on sale of subsidiary   1,018.6
Loss on repurchase of borrowings 0.0 0.0
Interest expense (55.6) (41.3)
Corporate overhead (176.0) (131.6)
Earnings before income taxes 199.8 2,188.3
Reportable segments | Runoff    
Disclosure of operating segments [line items]    
Gross premiums written 418.9 8.4
Net premiums written 413.5 8.3
Net earned premium 404.6 20.1
Underwriting expenses (647.0) (227.5)
Underwriting profit (loss) (242.4) (207.4)
Interest income 45.3 37.2
Dividends 9.8 4.6
Investment expenses (11.4) (12.9)
Interest and dividends 43.7 28.9
Share of profit (loss) of associates 0.8 (6.1)
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) (197.9) (184.6)
Net gains (losses) on investments (107.6) 73.3
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings 0.0 0.0
Interest expense 0.0 0.0
Corporate overhead 0.0 0.0
Earnings before income taxes (305.5) (111.3)
Reportable segments | Other    
Disclosure of operating segments [line items]    
Gross premiums written 0.0 0.0
Net premiums written 0.0 0.0
Net earned premium 0.0 0.0
Underwriting expenses 0.0 0.0
Underwriting profit (loss) 0.0 0.0
Interest income 43.4 29.7
Dividends 10.0 9.1
Investment expenses (40.6) (143.7)
Interest and dividends 12.8 (104.9)
Share of profit (loss) of associates 109.4 55.4
Other revenue 4,434.2 3,257.6
Other expenses (4,176.1) (2,996.0)
Other revenue (expenses) 258.1 261.6
Operating income (loss) 380.3 212.1
Net gains (losses) on investments 900.4 7.2
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings 0.0 0.0
Interest expense (94.1) (65.8)
Corporate overhead 0.0 0.0
Earnings before income taxes 1,186.6 153.5
Corporate and Other    
Disclosure of operating segments [line items]    
Gross premiums written 0.0 0.0
Net premiums written 0.0 0.0
Net earned premium 0.0 0.0
Underwriting expenses 0.0 0.0
Underwriting profit (loss) 0.0 0.0
Interest income 39.8 (8.3)
Dividends 1.3 6.3
Investment expenses (3.3) (2.1)
Interest and dividends 37.8 (4.1)
Share of profit (loss) of associates 17.2 127.7
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) 55.0 123.6
Net gains (losses) on investments (15.2) (171.3)
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings (58.9) (28.6)
Interest expense (197.4) (224.1)
Corporate overhead (2.3) 93.1
Earnings before income taxes (218.8) (207.3)
Eliminations and adjustments    
Disclosure of operating segments [line items]    
Gross premiums written (491.1) (213.8)
Net premiums written 0.0 0.0
Net earned premium 0.0 0.0
Underwriting expenses 0.0 0.0
Underwriting profit (loss) 0.0 0.0
Interest income (5.6) 0.0
Dividends 0.0 0.0
Investment expenses 150.7 236.8
Interest and dividends 145.1 236.8
Share of profit (loss) of associates 0.0 0.0
Other revenue 0.0 0.0
Other expenses 5.6 0.0
Other revenue (expenses) 5.6 0.0
Operating income (loss) 150.7 236.8
Net gains (losses) on investments 0.0 0.0
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings 0.0 0.0
Interest expense 0.0 0.0
Corporate overhead (150.7) (236.8)
Earnings before income taxes 0.0 0.0
External    
Disclosure of operating segments [line items]    
Gross premiums written 15,528.3 12,207.5
Net earned premium 12,066.0 9,721.4
External | Operating companies    
Disclosure of operating segments [line items]    
Gross premiums written 15,377.6 12,199.1
Net earned premium 11,908.9 9,701.3
External | Reportable segments | Runoff    
Disclosure of operating segments [line items]    
Gross premiums written 150.7 8.4
Net earned premium 157.1 20.1
External | Reportable segments | Other    
Disclosure of operating segments [line items]    
Gross premiums written 0.0 0.0
Net earned premium 0.0 0.0
External | Corporate and Other    
Disclosure of operating segments [line items]    
Gross premiums written 0.0 0.0
Net earned premium 0.0 0.0
External | Eliminations and adjustments    
Disclosure of operating segments [line items]    
Gross premiums written 0.0 0.0
Net earned premium 0.0 0.0
Intercompany    
Disclosure of operating segments [line items]    
Gross premiums written 0.0 0.0
Net earned premium 0.0 0.0
Intercompany | Operating companies    
Disclosure of operating segments [line items]    
Gross premiums written 222.9 213.8
Net earned premium (247.5) 0.0
Intercompany | Reportable segments | Runoff    
Disclosure of operating segments [line items]    
Gross premiums written 268.2 0.0
Net earned premium 247.5 0.0
Intercompany | Reportable segments | Other    
Disclosure of operating segments [line items]    
Gross premiums written 0.0 0.0
Net earned premium 0.0 0.0
Intercompany | Corporate and Other    
Disclosure of operating segments [line items]    
Gross premiums written 0.0 0.0
Net earned premium 0.0 0.0
Intercompany | Eliminations and adjustments    
Disclosure of operating segments [line items]    
Gross premiums written (491.1) (213.8)
Net earned premium 0.0 0.0
Northbridge | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 1,322.0 1,187.0
Net premiums written 1,173.6 1,064.9
Net earned premium 1,119.2 1,019.7
Underwriting expenses (1,072.2) (1,010.7)
Underwriting profit (loss) 47.0 9.0
Interest income 72.2 56.1
Dividends 10.2 9.5
Investment expenses (15.4) (11.5)
Interest and dividends 67.0 54.1
Share of profit (loss) of associates 6.3 3.2
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) 120.3 66.3
Net gains (losses) on investments (55.6) 44.8
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings 0.0 0.0
Interest expense 0.0 0.0
Corporate overhead (6.6) (8.7)
Earnings before income taxes 58.1 102.4
Northbridge | External | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 1,316.0 1,180.4
Net earned premium 1,125.4 1,023.7
Northbridge | Intercompany | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 6.0 6.6
Net earned premium (6.2) (4.0)
Odyssey Group | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 3,328.6 2,783.1
Net premiums written 2,897.8 2,495.9
Net earned premium 2,755.4 2,333.4
Underwriting expenses (2,574.3) (2,273.4)
Underwriting profit (loss) 181.1 60.0
Interest income 155.5 131.0
Dividends 15.6 15.6
Investment expenses (31.2) (21.7)
Interest and dividends 139.9 124.9
Share of profit (loss) of associates 65.8 7.2
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) 386.8 192.1
Net gains (losses) on investments (111.4) 253.1
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings 0.0 0.0
Interest expense (4.1) (3.3)
Corporate overhead (23.3) (27.4)
Earnings before income taxes 248.0 414.5
Odyssey Group | External | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 3,269.4 2,725.7
Net earned premium 2,736.4 2,318.3
Odyssey Group | Intercompany | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 59.2 57.4
Net earned premium 19.0 15.1
Crum & Forster | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 2,363.1 2,174.5
Net premiums written 1,977.8 1,863.4
Net earned premium 1,960.9 1,852.8
Underwriting expenses (1,928.3) (1,849.6)
Underwriting profit (loss) 32.6 3.2
Interest income 73.2 53.4
Dividends 4.9 3.4
Investment expenses (13.5) (23.0)
Interest and dividends 64.6 33.8
Share of profit (loss) of associates 4.1 (1.1)
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) 101.3 35.9
Net gains (losses) on investments (144.2) 27.9
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings 0.0 0.0
Interest expense (2.2) (1.8)
Corporate overhead (24.1) (25.4)
Earnings before income taxes (69.2) 36.6
Crum & Forster | External | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 2,305.7 2,120.0
Net earned premium 1,939.6 1,822.1
Crum & Forster | Intercompany | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 57.4 54.5
Net earned premium 21.3 30.7
Zenith National | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 800.3 849.0
Net premiums written 789.2 837.4
Net earned premium 804.3 811.6
Underwriting expenses (664.1) (694.4)
Underwriting profit (loss) 140.2 117.2
Interest income 36.9 26.8
Dividends 3.5 3.8
Investment expenses (8.1) (7.2)
Interest and dividends 32.3 23.4
Share of profit (loss) of associates 4.4 (9.8)
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) 176.9 130.8
Net gains (losses) on investments (57.6) 26.6
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings 0.0
Interest expense (3.3) (3.3)
Corporate overhead (8.2) (8.2)
Earnings before income taxes 107.8 145.9
Zenith National | External | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 800.3 849.0
Net earned premium 806.6 814.1
Zenith National | Intercompany | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 0.0 0.0
Net earned premium (2.3) (2.5)
Brit | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 2,239.1 2,057.0
Net premiums written 1,494.2 1,530.9
Net earned premium 1,479.7 1,536.9
Underwriting expenses (1,556.7) (1,738.8)
Underwriting profit (loss) (77.0) (201.9)
Interest income 64.5 41.9
Dividends 3.6 3.7
Investment expenses (12.8) (13.0)
Interest and dividends 55.3 32.6
Share of profit (loss) of associates 5.3 9.2
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) (16.4) (160.1)
Net gains (losses) on investments (63.1) 79.0
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings 0.0 0.0
Interest expense (14.2) (12.5)
Corporate overhead (14.0) (9.2)
Earnings before income taxes (107.7) (102.8)
Brit | External | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 2,221.3 2,048.1
Net earned premium 1,645.8 1,537.3
Brit | Intercompany | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 17.8 8.9
Net earned premium (166.1) (0.4)
Allied World | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 3,368.9 1,447.6
Net premiums written 2,368.8 991.9
Net earned premium 2,286.8 1,028.7
Underwriting expenses (2,243.9) (1,615.3)
Underwriting profit (loss) 42.9 (586.6)
Interest income 140.6 76.8
Dividends 11.3 2.2
Investment expenses (34.7) (13.1)
Interest and dividends 117.2 65.9
Share of profit (loss) of associates (3.8) (17.6)
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) 156.3 (538.3)
Net gains (losses) on investments (66.9) (26.5)
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings 0.0 0.0
Interest expense (26.2) (15.6)
Corporate overhead (67.6) (27.9)
Earnings before income taxes (4.4) (608.3)
Allied World | External | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 3,355.2 1,447.6
Net earned premium 2,318.3 1,041.3
Allied World | Intercompany | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 13.7 0.0
Net earned premium (31.5) (12.6)
Fairfax Asia | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 385.6 670.4
Net premiums written 191.9 327.5
Net earned premium 189.5 327.6
Underwriting expenses (189.1) (289.4)
Underwriting profit (loss) 0.4 38.2
Interest income 16.4 31.3
Dividends 7.8 3.2
Investment expenses (3.1) (5.4)
Interest and dividends 21.1 29.1
Share of profit (loss) of associates (5.1) 29.4
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) 16.4 96.7
Net gains (losses) on investments (71.7) 1,083.9
Gain on sale of subsidiary   1,018.6
Loss on repurchase of borrowings 0.0 0.0
Interest expense 0.0 0.0
Corporate overhead (10.3) (2.6)
Earnings before income taxes (65.6) 2,196.6
Fairfax Asia | External | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 384.5 667.9
Net earned premium 195.6 369.3
Fairfax Asia | Intercompany | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 1.1 2.5
Net earned premium (6.1) (41.7)
Other | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 1,792.9 1,244.3
Net premiums written 1,124.2 863.3
Net earned premium 1,065.6 790.6
Underwriting expenses (1,114.5) (871.2)
Underwriting profit (loss) (48.9) (80.6)
Interest income 61.7 38.7
Dividends 3.5 11.8
Investment expenses (18.5) (12.0)
Interest and dividends 46.7 38.5
Share of profit (loss) of associates 16.7 3.0
Other revenue 0.0 0.0
Other expenses 0.0 0.0
Other revenue (expenses) 0.0 0.0
Operating income (loss) 14.5 (39.1)
Net gains (losses) on investments 45.8 69.5
Gain on sale of subsidiary   0.0
Loss on repurchase of borrowings 0.0 0.0
Interest expense (5.6) (4.8)
Corporate overhead (21.9) (22.2)
Earnings before income taxes 32.8 3.4
Other | External | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 1,725.2 1,160.4
Net earned premium 1,141.2 775.2
Other | Intercompany | Operating companies | Insurance and Reinsurance    
Disclosure of operating segments [line items]    
Gross premiums written 67.7 83.9
Net earned premium $ (75.6) $ 15.4