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Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Issued capital
Common shares
[1]
Issued capital
Preferred shares
Treasury shares at cost
Share- based payments and other reserves
Retained earnings
Accumulated other comprehensive income (loss)
Canada
Accumulated other comprehensive income (loss)
Europe
Accumulated other comprehensive income (loss)
Common shareholders' equity
Canada
Common shareholders' equity
Europe
Common shareholders' equity
Equity attributable to shareholders of Fairfax
Canada
Equity attributable to shareholders of Fairfax
Europe
Equity attributable to shareholders of Fairfax
Non-controlling interests
Preferred shares
Canada
Europe
Total
Beginning balance at Dec. 31, 2022 $ 6,086.3 $ 1,335.5 $ (891.3) $ 615.7 $ 12,952.5     $ (982.9)     $ 17,780.3     $ 19,115.8 $ 3,902.9       $ 23,018.7
Changes in equity                                      
Net earnings for the year         4,381.8           4,381.8     4,381.8 713.1   $ 880.7   5,094.9
Other comprehensive income (loss), net of income taxes:                                      
Net unrealized foreign currency translation gains (losses) on foreign subsidiaries               15.5     15.5     15.5 (55.1)       (39.6)
Gains (losses) on hedge of net investment           $ (56.6) $ (27.8)   $ (56.6) $ (27.8)   $ (56.6) $ (27.8)       (56.6) $ (27.8)  
Share of other comprehensive income (losses) of associates, excluding net losses on defined benefit plans               28.8     28.8     28.8 1.7       30.5
Net unrealized foreign currency translation losses on foreign subsidiaries reclassified to net earnings               1.6     1.6     1.6 0.3       1.9
Net unrealized foreign currency translation losses on associates reclassified to net earnings               17.9     17.9     17.9 0.3       18.2
Net gains (losses) on defined benefit plans               (31.5)     (31.5)     (31.5) (1.4)       (32.9)
Share of net losses on defined benefit plans of associates               (1.5)     (1.5)     (1.5) (3.6)       (5.1)
Other               25.2     25.2     25.2 3.3       28.5
Issuances for share-based payments     74.2 (77.4)             (3.2)     (3.2)         (3.2)
Purchases and amortization for share-based payments     (89.6) 147.0             57.4     57.4         57.4
Redemption and purchases for cancellation (90.4)       (183.2)           (273.6)     (273.6)         (273.6)
Common share dividends         (245.2)           (245.2)     (245.2) (204.5)       (449.7)
Preferred share dividends         (49.7)           (49.7)     (49.7)   $ (49.7)     (49.7)
Acquisitions of subsidiaries                             602.6       602.6
Net changes in capitalization       (72.6) 19.5     (14.1)     (67.2)     (67.2) (252.1)       (319.3)
Other         (0.4)     63.2     62.8     62.8 42.9       105.7
Ending balance at Dec. 31, 2023 5,995.9 1,335.5 (906.7) 612.7 16,875.3     (962.2)     21,615.0     22,950.5 4,750.4       27,700.9
Changes in equity                                      
Net earnings for the year         3,874.9           3,874.9     3,874.9 388.0   590.0   4,262.9
Other comprehensive income (loss), net of income taxes:                                      
Net unrealized foreign currency translation gains (losses) on foreign subsidiaries               (574.9)     (574.9)     (574.9) (77.6)       (652.5)
Gains (losses) on hedge of net investment           $ 173.9 $ 51.5   $ 173.9 $ 51.5   $ 173.9 $ 51.5       $ 173.9 $ 51.5  
Share of other comprehensive income (losses) of associates, excluding net losses on defined benefit plans               (127.7)     (127.7)     (127.7) (7.6)       (135.3)
Net unrealized foreign currency translation losses on associates reclassified to net earnings               5.5     5.5     5.5 1.0       6.5
Net gains (losses) on defined benefit plans               41.6     41.6     41.6 2.7       44.3
Share of net losses on defined benefit plans of associates               (1.3)     (1.3)     (1.3) (0.3)       (1.6)
Other               11.8     11.8     11.8 3.0       14.8
Issuances for share-based payments     108.3 (106.6)             1.7     1.7         1.7
Purchases and amortization for share-based payments     (240.4) 164.9             (75.5)     (75.5)         (75.5)
Redemption and purchases for cancellation (333.7) (227.3)     (1,254.7)           (1,588.4)     (1,815.7)         (1,815.7)
Common share dividends         (363.1)           (363.1)     (363.1) (294.7)       (657.8)
Preferred share dividends         (48.6)           (48.6)     (48.6)   $ (48.6)     (48.6)
Net changes in capitalization       61.9 (106.3)     2.4     (42.0)     (42.0) (513.5)       (555.5)
Other         10.0     (4.6)     5.4     5.4 29.8       35.2
Ending balance at Dec. 31, 2024 $ 5,662.2 $ 1,108.2 $ (1,038.8) $ 732.9 $ 18,987.5     $ (1,384.0)     $ 22,959.8     $ 24,068.0 $ 4,281.2       $ 28,349.2
[1] Includes multiple voting shares with a carrying value of $3.8 at January 1, 2023, December 31, 2023 and December 31, 2024.