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Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income    
Gross premiums written $ 19,125.9 $ 17,511.2
Net premiums written 14,864.5 13,835.6
Gross premiums earned 17,898.8 16,611.0
Premiums ceded to reinsurers (3,910.1) (3,381.3)
Net premiums earned 13,988.7 13,229.7
Interest and dividends 769.2 880.2
Share of profit (loss) of associates (112.8) 169.6
Net gains on investments 313.1 1,716.2
Gain on deconsolidation of insurance subsidiary 117.1 0.0
Other revenue 4,719.6 5,537.1
Income 19,794.9 21,532.8
Expenses    
Losses on claims, gross 12,234.8 11,758.9
Losses on claims, ceded to reinsurers (2,910.3) (3,070.8)
Losses on claims, net 9,324.5 8,688.1
Operating expenses 2,536.5 2,476.3
Commissions, net 2,355.0 2,206.8
Interest expense 475.9 472.0
Other expenses 4,858.9 5,456.9
Expenses 19,550.8 19,300.1
Earnings before income taxes 244.1 2,232.7
Provision for income taxes 206.7 261.5
Net earnings 37.4 1,971.2
Attributable to:    
Shareholders of Fairfax 218.4 2,004.1
Non-controlling interests (181.0) (32.9)
Net earnings $ 37.4 $ 1,971.2
Net earnings (loss) per share (in dollars per share) $ 6.59 $ 72.80
Net earnings (loss) per diluted share (in dollars per share) 6.29 69.79
Cash dividends paid per share (in dollars per share) $ 10.00 $ 10.00
Shares outstanding (000) (weighted average) (in shares) 26,446,939 26,901,184