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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2018
Borrowings [abstract]  
Disclosure of the schedule of debt
Changes in the carrying values of borrowings for the years ended December 31 were as follows:
 
2018
 
2017
 
Holding company

 
Insurance and reinsurance companies

 
Non-insurance companies

 
Total

 
Holding company

 
Insurance and reinsurance companies

 
Non-insurance companies

 
Total

Balance – January 1
3,475.1

 
1,373.0

 
1,566.0

 
6,414.1

 
3,472.5

 
435.5

 
859.6

 
4,767.6

Cash inflows from issuances
1,490.7

 
—

 
664.0

 
2,154.7

 
509.5

 
22.5

 
500.6

 
1,032.6

Cash outflows from repayments
(928.8
)
 
(317.7
)
 
(660.6
)
 
(1,907.1
)
 
(483.7
)
 
—

 
(268.7
)
 
(752.4
)
Net cash inflows (outflows) from credit facilities and short term loans
—

 
(42.2
)
 
41.4

 
(0.8
)
 
(200.0
)
 
45.0

 
193.7

 
38.7

Non-cash changes:
 
 
 
 
 
 


 
 
 
 
 
 
 


Acquisitions (note 23)
—

 
—

 
218.1

 
218.1

 
—

 
860.5

 
221.5

 
1,082.0

Deconsolidation of subsidiary (note 23)
—

 
—

 
(141.6
)
 
(141.6
)
 
—

 
—

 
—

 
—

Loss on redemption
58.9

 
—

 
—

 
58.9

 
28.6

 
—

 
—

 
28.6

Foreign exchange effect and other
(236.4
)
 
(17.4
)
 
(62.1
)
 
(315.9
)
 
148.2

 
9.5

 
59.3

 
217.0

Balance – December 31
3,859.5

 
995.7

 
1,625.2

 
6,480.4

 
3,475.1

 
1,373.0

 
1,566.0

 
6,414.1

 
December 31, 2018
 
December 31, 2017
 
Principal

 
Carrying
value(a) 

 
Fair
value(b) 

 
Principal

 
Carrying
value(a) 

 
Fair
value(b) 

Borrowings - holding company
 

 
 

 
 

 
 

 
 

 
 

Fairfax unsecured notes:
 

 
 

 
 

 
 

 
 

 
 

7.375% due April 15, 2018(e)(10)
—

 
—

 
—

 
144.2

 
144.2

 
146.4

7.25% due June 22, 2020 (Cdn$275.0)(d)(8)
—

 
—

 
—

 
213.3

 
212.7

 
235.6

5.80% due May 15, 2021(d)(5)
—

 
—

 
—

 
500.0

 
498.0

 
534.1

6.40% due May 25, 2021 (Cdn$400.0)(d)
289.6

 
288.7

 
310.2

 
315.7

 
314.4

 
349.4

5.84% due October 14, 2022 (Cdn$450.0)(d)(1)
326.5

 
329.2

 
352.9

 
359.2

 
362.5

 
397.2

4.50% due March 22, 2023 (Cdn$400.0)
292.9

 
290.9

 
301.7

 
319.2

 
316.8

 
333.5

4.875% due August 13, 2024(d)(1)
282.5

 
279.5

 
288.2

 
300.0

 
296.2

 
313.4

4.95% due March 3, 2025 (Cdn$350.0)(d)
256.3

 
252.9

 
267.2

 
279.3

 
275.5

 
297.1

8.30% due April 15, 2026(e)
91.8

 
91.6

 
109.5

 
91.8

 
91.6

 
116.3

4.70% due December 16, 2026 (Cdn$450.0)
329.5

 
327.2

 
334.3

 
359.2

 
356.6

 
371.7

4.25% due December 6, 2027 (Cdn$650.0)
475.9

 
473.7

 
462.1

 
518.8

 
516.2

 
514.7

2.75% due March 29, 2028 (€750.0)(11)
857.4

 
840.7

 
854.5

 
—

 
—

 
—

4.85% due April 17, 2028(9)
600.0

 
594.6

 
576.3

 
—

 
—

 
—

7.75% due July 15, 2037(e)
91.3

 
90.5

 
106.7

 
91.3

 
90.4

 
114.1

 
3,893.7

 
3,859.5

 
3,963.6

 
3,492.0

 
3,475.1

 
3,723.5

Borrowings - insurance and reinsurance companies
 
 
 
 
 
 
 
 
 
 
 
Allied World 5.50% senior notes due November 1, 2020(7)
—

 
—

 
—

 
300.0

 
320.4

 
320.0

Allied World 4.35% senior notes due October 29, 2025
500.0

 
507.2

 
490.4

 
500.0

 
508.4

 
507.3

Allied World revolving credit facility and other borrowings
39.6

 
43.5

 
43.2

 
45.0

 
49.2

 
49.2

Odyssey Group floating rate unsecured senior notes due 2021
90.0

 
89.9

 
92.4

 
90.0

 
89.8

 
93.0

Zenith National 8.55% debentures due August 1, 2028(d)
38.5

 
38.2

 
38.2

 
38.4

 
38.2

 
38.2

Brit 6.625% subordinated notes due December 9, 2030 (£135.0)
171.9

 
176.1

 
174.3

 
182.6

 
188.5

 
199.0

Brit floating rate revolving credit facility
7.9

 
7.9

 
7.9

 
45.0

 
45.0

 
45.0

Advent floating rate unsecured senior notes due 2026(d)
46.0

 
45.0

 
46.0

 
46.0

 
45.0

 
46.0

Advent floating rate subordinated notes due June 3, 2035(d)
47.7

 
46.5

 
44.7

 
48.4

 
47.1

 
47.8

First Mercury trust preferred securities due 2036 and 2037
41.4

 
41.4

 
41.4

 
41.4

 
41.4

 
41.4

 
983.0

 
995.7

 
978.5

 
1,336.8


1,373.0


1,386.9

Borrowings - non-insurance companies(c)
 
 
 
 
 
 
 
 
 
 
 
Fairfax India floating rate term loans(4)
550.0

 
547.2

 
550.0

 
400.0

 
400.0

 
400.0

Fairfax India subsidiary borrowings
183.8

 
183.8

 
183.8

 
186.1

 
186.1

 
186.1

Fairfax Africa floating rate term loan and credit facility(2)(3)
30.0

 
29.5

 
29.5

 
150.0

 
150.0

 
150.0

Recipe term loans and credit facilities
328.0

 
326.9

 
326.9

 
379.9

 
378.2

 
378.2

Grivalia Properties term loans and revolving facility
254.2

 
254.2

 
254.2

 
160.4

 
160.4

 
160.4

Loans and revolving credit facilities primarily at floating rates(6)
283.7

 
283.6

 
283.6

 
291.7

 
291.3

 
291.4

 
1,629.7

 
1,625.2

 
1,628.0

 
1,568.1

 
1,566.0

 
1,566.1

Total debt
6,506.4

 
6,480.4


6,570.1

 
6,396.9

 
6,414.1

 
6,676.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
Principal net of unamortized issue costs and discounts (premiums).
(b)
Based principally on quoted market prices with the remainder based on discounted cash flow models using market observable inputs (Levels 1 and 2 respectively in the fair value hierarchy).
(c)
These borrowings are non-recourse to the holding company.
(d)
Issuer may redeem any time at prices specified in the instrument's offering document.
(e)
Not redeemable prior to the contractual maturity date.
Disclosure of borrowing repayments
Principal repayments on borrowings are due as follows:
 
2019

 
2020

 
2021

 
2022

 
2023

 
Thereafter

 
Total

Holding company
—

 
—

 
289.6

 
326.5

 
292.9

 
2,984.7

 
3,893.7

Insurance and reinsurance companies
8.2

 
0.3

 
90.3

 
0.3

 
0.3

 
883.6

 
983.0

Non-insurance companies
1,026.2

 
133.8

 
222.2

 
24.6

 
133.3

 
89.6

 
1,629.7

Total
1,034.4

 
134.1

 
602.1

 
351.4

 
426.5

 
3,957.9

 
6,506.4