Fairfax Financial Holdings Limited (FRFFF) announced that it intends to offer C$650 million aggregate principal amount of unsecured senior notes: C$350 million due 2037, priced at C$99.977 per C$100 principal amount with a 5.00% fixed annual interest rate, and C$300 million due 2056, priced at C$99.328 per C$100 principal amount with a 5.65% fixed annual interest rate.
Fairfax intends to use net proceeds to refinance, repay or redeem outstanding debt, equity or other corporate obligations of Fairfax and its subsidiaries, pursue potential acquisitions or investments, and for general corporate purposes. Proceeds not used for those purposes are intended for general corporate purposes, which may include augmenting cash or increasing short-term investments and marketable securities at the holding-company level. The offering is expected to close on or about November 10, 2026, subject to the satisfaction of customary conditions. The notes are offered in all provinces and territories of Canada under Fairfax’s base shelf prospectus, with a supplement to be filed.
Fairfax Financial Holdings Limited reported third-quarter 2026 net earnings of $1,096.9 million, versus $1,245.7 million a year earlier. Insurance revenue was $8,767.8 million versus $8,266.7 million, while property and casualty net premiums written rose 5.4% to $6,907.0 million. Property and casualty underwriting profit was $523.9 million versus $540.3 million; the undiscounted combined ratio was 92.5% versus 92.0%.
Investment results included $858.7 million of net losses, compared with $426.2 million of net gains a year earlier, principally reflecting $827.7 million of bond losses. Cash provided by operating activities was $215.9 million in the first nine months, compared with $3,718.0 million.
After quarter-end, Fairfax completed the Eurolife Life Operations sale for approximately $906 million; an approximately $200 million pre-tax gain is expected in the fourth quarter. Fairfax was selected as strategic buyer for a proposed 60.72% IDBI Bank stake for approximately $5.6 billion, subject to definitive agreements and approvals. It also agreed with Wittington to acquire Boots for approximately $8.9 billion, inclusive of assumed debt; Fairfax committed up to approximately $2.3 billion, and closing is expected in the first quarter of 2027, with Wittington to have operational control.
Fairfax Financial Holdings Limited (FRFFF) completed the sale of its 80% equity interest in the life insurance business operated by Eurolife FFH Insurance Group Holdings S.A. to Eurobank S.A. for approximately €813 million in cash consideration. Fairfax describes itself as a holding company primarily engaged through subsidiaries in property and casualty insurance and reinsurance, and associated investment management.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on November 4, 2026, to discuss its 2026 third-quarter results. The results will be announced after market close on November 3, 2026, and a replay will be available from shortly after the call ends until 5:00 p.m. Eastern Time on December 2, 2026.
Fairfax Financial Holdings Limited (FRFFF), together with Fairfax India Holdings Corporation, said the Government of India declared a wholly owned subsidiary of Fairfax Financial Holdings the “Strategic Buyer” for a proposed 60.72% equity stake in IDBI Bank. The bid is INR 81 per share, totaling approximately INR 528.78 billion (approximately US$5.6 billion), a premium of approximately 23% to IDBI Bank’s book value as of June 30, 2026, measured under Indian Accounting Standards.
Fairfax proposes to contribute all of Fairfax Financial Holdings Limited’s interests in Go Digit Life Insurance Limited and Go Digit General Insurance Limited, and all of Fairfax India’s interest in IIFL Capital Services Limited, to IDBI Bank at their respective market prices. Fairfax expects to fund the purchase with cash on hand or otherwise available through existing credit sources and potential asset sales. No binding definitive agreements have been entered into, and the government’s designation is not the final stage of the sale process. The purchase could occur without either or both contributions. The contributions require Reserve Bank of India and Securities and Exchange Board of India approvals; the Digit contribution also requires Insurance Regulatory and Development Authority of India approval, among other necessary approvals.
Fairfax Financial Holdings Limited (FRFFF) entered into agreements with Wittington Investments, Limited to acquire Boots from The Boots Group for a total purchase price of approximately US$8.9 billion, inclusive of assumed debt. The businesses included are Boots’ retail operations in the UK and Ireland, Boots Opticians, No7 Beauty Company, and Boots’ Thailand and franchised businesses.
Fairfax agreed to provide, or cause an affiliate to provide, up to approximately US$2.3 billion under an equity commitment letter to satisfy the purchase price. The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2027.
After closing, Fairfax is expected to own 50% of Boots’ equity, with Wittington having operational control and Galen Weston serving as Chair of Boots. The transaction excludes Farmacias Benavides and Alliance Healthcare Deutschland, which their current owner will retain.
Fairfax Financial Holdings Limited (FRFFF) announced that the Toronto Stock Exchange accepted its notice of intention to commence a Normal Course Issuer Bid for its subordinate voting shares and Cumulative 5-Year Rate Reset Preferred Shares, Series K. The bid runs from September 30, 2026, through September 29, 2027, with annual purchase limits of up to 2,025,315 subordinate voting shares and 950,000 Series K shares; daily limits are 15,137 and 2,226 shares, respectively. Subordinate voting shares purchased may be cancelled or reserved for share-based payment awards; Series K shares purchased will be cancelled.
Fairfax also entered into an automatic share purchase plan effective September 30, 2026. During trading blackout periods, Fairfax may, but is not required to, instruct its designated broker to make purchases under parameters Fairfax sets before the period begins; the broker determines purchases in its sole discretion. Outside blackout periods, Fairfax may purchase at its discretion under the bid.
Fairfax Financial Holdings Limited (FRFFF) reported that it has declared a quarterly dividend on its Series K Preferred Shares. The dividend is $0.315313 per share, payable on September 30, 2026 to shareholders of record as of September 14, 2026. Applicable Canadian withholding tax will apply to dividends paid to non-residents of Canada. Fairfax operates as a holding company engaged primarily in property and casualty insurance, reinsurance, and related investment management through its subsidiaries.
Fairfax Financial Holdings Ltd. filed a quarterly institutional investment holdings report as a Form 13F Holdings Report, indicating that all of its reportable positions are included. The filing aggregates 32 reportable holdings with a total reported value of $2,638,451,995, rounded to the nearest dollar.
The report also notes 2 other included managers, Hamblin Watsa Investment Counsel Ltd. and Watsa V Prem et al, reflecting coordinated reporting of investment positions within the Fairfax group.
Fairfax Financial Holdings reported second quarter 2026 net earnings of US$1,560.6 million (US$1,392.7 million attributable to shareholders), compared with US$1,601.9 million a year earlier. Basic net earnings per share were US$67.92, up from US$66.34, on lower weighted-average shares outstanding.
Property and casualty operations grew net premiums written by 2.4% to US$7,344.1 million, while underwriting profit increased to US$458.6 million and the undiscounted combined ratio improved to 93.1%. Net gains on investments were US$768.9 million, driven by equity realizations including the sale of 23.1% of Poseidon. Non-insurance companies produced operating income of US$193.6 million. Book value per basic share rose to US$1,304.39 at June 30, 2026, and the total debt to total capital ratio excluding non-insurance companies increased to 28.0%. Fairfax repurchased 1,055,190 subordinate voting shares for cancellation and ended the period with 19,969,895 common shares effectively outstanding.