Related Party Transactions

12 Months Ended

Dec. 31, 2024

Related Party Transactions

Related Party Transactions

26.Related Party Transactions

Management and Director Compensation

Compensation for the company’s key management team for the years ended December 31 determined in accordance with the company’s IFRS accounting policies was as follows:

	2024	2023
Salaries and other short-term employee benefits	17.3	14.5
Share-based payments	7.2	7.3
	24.5	21.8

Compensation for the company’s Board of Directors for the years ended December 31 was as follows:

	2024	2023
Retainers and fees	1.8	1.4
Share-based payments	0.2	0.2
	2.0	1.6

Investments

During the third quarter of 2024 an insurance subsidiary of the company invested $100.4 in the Marval Guru Fund, which is managed by a related party as described in note 6.

Fairfax subordinate voting shares

During 2024 the company purchased for cancellation 275,000 Fairfax subordinate voting shares from Prem Watsa, the company's Chairman and CEO, as described in note 16.