Fairfax Financial (FFH) AGM 2026 summary

Opening remarks and agenda

• Celebrated 40th anniversary, highlighting long-term shareholder loyalty and company culture.

• Formal agenda included tabling the annual report, electing directors, reappointing auditors, and considering a shareholder proposal.

Financial performance review

• Achieved record net income of $4.8 billion in 2025, with book value per share up 21% to $1,260 USD.

• Gross premiums rose to $33 billion, up 2% from 2024; underwriting profit reached $1.8 billion with a 93% combined ratio.

• Interest and dividend income increased to $2.7 billion, and investment portfolio nearly doubled since 2017 to $75 billion.

• Float exceeded $40 billion, compounding at 18% since inception.

• Share count reduced by 25% over recent years, enhancing per-share metrics.

Board and executive committee updates

• Recognized retiring director David Johnston and welcomed new board nominees.

• Highlighted succession planning, with Peter Clarke taking on greater leadership.