XML 87 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Balance Sheets
$ in Millions, $ in Millions
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Assets    
Insurance contract receivables $ 5,435.0 $ 5,110.7
Portfolio investments    
Subsidiary cash and short term investments (including restricted cash and cash equivalents - $664.8; December 31, 2018 - $560.9) 4,613.0 5,114.0
Investments in associates (fair value $3,357.3; December 31, 2018 – $3,279.1) 4,820.0 4,863.0
Assets held for sale 2,785.6 0.0
Deferred premium acquisition costs 1,344.3 1,127.3
Recoverable from reinsurers (including recoverables on paid losses – $637.3; December 31, 2018 – $651.0) 9,155.8 8,400.9
Deferred income taxes 375.9 497.9
Goodwill and intangible assets 6,194.1 5,676.9
Other assets 6,007.3 4,568.3
Total assets 70,508.5 64,372.1
Liabilities    
Accounts payable and accrued liabilities 4,814.1 3,020.0
Short sale and derivative obligations (including at the holding company – $0.3; December 31, 2018 – $6.6) 205.9 149.5
Liabilities associated with assets held for sale 2,035.1 0.0
Insurance contract payables 2,591.0 2,003.1
Insurance contract liabilities 35,722.6 35,353.9
Borrowings 7,232.6 6,480.4
Total liabilities 52,601.3 47,006.9
Equity    
Shareholders’ equity attributable to shareholders of Fairfax 14,378.1 13,114.8
Non-controlling interests 3,529.1 4,250.4
Total equity 17,907.2 17,365.2
Equity and liabilities 70,508.5 64,372.1
Common shareholders’ equity    
Equity    
Equity in stock 13,042.6 11,779.3
Preferred shares    
Equity    
Equity in stock 1,335.5 1,335.5
Holding company cash and investments    
Assets    
Holding company cash and investments (including assets pledged for short sale and derivative obligations – $5.5; December 31, 2018 – $21.5) 1,098.9 1,557.2
Portfolio investments    
Subsidiary cash and short term investments (including restricted cash and cash equivalents - $664.8; December 31, 2018 - $560.9) 183.9 227.7
Assets pledged for short sale and derivative obligations (cost $146.7; December 31, 2018 – $164.8) 5.5 21.5
Portfolio investments 1,098.9 1,557.2
Liabilities    
Short sale and derivative obligations (including at the holding company – $0.3; December 31, 2018 – $6.6) 0.3 6.6
Borrowings 4,117.3 3,859.5
Portfolio Investments    
Assets    
Holding company cash and investments (including assets pledged for short sale and derivative obligations – $5.5; December 31, 2018 – $21.5) 38,111.6 37,432.9
Portfolio investments    
Subsidiary cash and short term investments (including restricted cash and cash equivalents - $664.8; December 31, 2018 - $560.9) 10,021.3 6,722.0
Bonds (cost $15,353.9; December 31, 2018 – $19,281.8) 15,618.1 19,256.4
Preferred stocks (cost $241.3; December 31, 2018 – $327.2) 578.2 260.1
Common stocks (cost $5,533.7; December 31, 2018 – $5,014.2) 5,287.6 4,431.4
Investments in associates (fair value $3,357.3; December 31, 2018 – $3,279.1) 3,195.8 3,471.9
Derivatives and other invested assets (cost $1,168.7; December 31, 2018 – $971.3) 759.1 563.6
Assets pledged for short sale and derivative obligations (cost $146.7; December 31, 2018 – $164.8) 146.9 164.6
Portfolio investments 38,111.6 37,432.9
Portfolio Investments | Fairfax India and Fairfax Africa    
Assets    
Holding company cash and investments (including assets pledged for short sale and derivative obligations – $5.5; December 31, 2018 – $21.5) 2,504.6 2,562.9
Portfolio investments    
Portfolio investments 2,504.6 2,562.9
Holding Company, Insurance, and Reinsurance Companies    
Liabilities    
Borrowings 5,156.9 4,855.2
Non-insurance companies    
Portfolio investments    
Other assets 4,043.8 3,222.6
Liabilities    
Accounts payable and accrued liabilities 2,734.1 1,516.1
Borrowings $ 2,075.7 $ 1,625.2