Fairfax Financial Holdings Ltd
Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally. It operates through Property and Casualty Insurance and Reinsurance; Life insurance and Run-off; and Non-Insurance Companies segments. The company offers property insu… Read more
Fairfax Financial Holdings Ltd (FRFHF) - Net Assets
Latest net assets as of December 2025: $30.82 Billion USD
Based on the latest financial reports, Fairfax Financial Holdings Ltd (FRFHF) has net assets worth $30.82 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($107.59 Billion) and total liabilities ($76.77 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $30.82 Billion |
| % of Total Assets | 28.64% |
| Annual Growth Rate | 16.63% |
| 5-Year Change | 44.58% |
| 10-Year Change | 160.72% |
| Growth Volatility | 203.08 |
Fairfax Financial Holdings Ltd - Net Assets Trend (1993–2025)
This chart illustrates how Fairfax Financial Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fairfax Financial Holdings Ltd (1993–2025)
The table below shows the annual net assets of Fairfax Financial Holdings Ltd from 1993 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $30.82 Billion | +8.71% |
| 2024-12-31 | $28.35 Billion | +2.34% |
| 2023-12-31 | $27.70 Billion | +36.22% |
| 2022-12-31 | $20.34 Billion | -4.60% |
| 2021-12-31 | $21.32 Billion | +21.61% |
| 2020-12-31 | $17.53 Billion | -2.12% |
| 2019-12-31 | $17.91 Billion | +3.12% |
| 2018-12-31 | $17.37 Billion | -5.69% |
| 2017-12-31 | $18.41 Billion | +55.77% |
| 2016-12-31 | $11.82 Billion | -1.65% |
| 2015-12-31 | $12.02 Billion | +23.35% |
| 2014-12-31 | $9.74 Billion | +15.17% |
| 2013-12-31 | $8.46 Billion | -4.83% |
| 2012-12-31 | $8.89 Billion | +5.73% |
| 2011-12-31 | $8.41 Billion | -3.82% |
| 2010-12-31 | $8.74 Billion | +13.00% |
| 2009-12-31 | $7.74 Billion | +21.81% |
| 2008-12-31 | $6.35 Billion | +8.70% |
| 2007-12-31 | $5.84 Billion | +40.80% |
| 2006-12-31 | $4.15 Billion | +13.39% |
| 2005-12-31 | $3.66 Billion | -3.49% |
| 2004-12-31 | $3.79 Billion | +12.90% |
| 2003-12-31 | $3.36 Billion | +30.25% |
| 2002-12-31 | $2.58 Billion | -4.56% |
| 2001-12-31 | $2.70 Billion | +0.81% |
| 2000-12-31 | $2.68 Billion | -86.96% |
| 1999-12-31 | $20.56 Billion | +63.55% |
| 1998-12-31 | $12.57 Billion | +1170.01% |
| 1997-12-31 | $989.64 Million | +45.53% |
| 1996-12-31 | $680.04 Million | +88.70% |
| 1995-12-31 | $360.38 Million | +23.53% |
| 1994-12-31 | $291.74 Million | +30.09% |
| 1993-12-31 | $224.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fairfax Financial Holdings Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 23122.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $22.10 Billion | 83.51% |
| Common Stock | $5.41 Billion | 20.45% |
| Other Comprehensive Income | $-905.00 Million | -3.42% |
| Total Equity | $26.47 Billion | 100.00% |
Fairfax Financial Holdings Ltd Competitors by Market Cap
The table below lists competitors of Fairfax Financial Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock
PINK:STRF
|
$26.25 Billion |
|
Leonardo SpA
IL:0ONG
|
$26.26 Billion |
|
SK Square Co Ltd
KO:402340
|
$26.30 Billion |
|
Otsuka Holdings Co. Ltd
F:OS1
|
$26.35 Billion |
|
MS&AD Insurance Group Holdings Inc
PINK:MSADF
|
$26.16 Billion |
|
Sea Limited
LSE:0A3T
|
$26.14 Billion |
|
Bridgestone Corporation
PINK:BRDCF
|
$26.13 Billion |
|
China Minsh
PINK:CMAKY
|
$26.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fairfax Financial Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 24,068,000,000 to 26,466,048,000, a change of 2,398,048,000 (10.0%).
- Net income of 4,855,943,408 contributed positively to equity growth.
- Dividend payments of 374,543,786 reduced retained earnings.
- Share repurchases of 2,547,528,604 reduced equity.
- Other comprehensive income increased equity by 479,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.86 Billion | +18.35% |
| Dividends Paid | $374.54 Million | -1.42% |
| Share Repurchases | $2.55 Billion | -9.63% |
| Other Comprehensive Income | $479.00 Million | +1.81% |
| Other Changes | $-14.82 Million | -0.06% |
| Total Change | $- | 9.96% |
Book Value vs Market Value Analysis
This analysis compares Fairfax Financial Holdings Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 51.50x to 1.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $26.54 | $1366.81 | x |
| 1994-12-31 | $31.20 | $1366.81 | x |
| 1995-12-31 | $39.07 | $1366.81 | x |
| 1996-12-31 | $63.51 | $1366.81 | x |
| 1997-12-31 | $87.61 | $1366.81 | x |
| 1998-12-31 | $120.15 | $1366.81 | x |
| 1999-12-31 | $170.18 | $1366.81 | x |
| 2000-12-31 | $171.78 | $1366.81 | x |
| 2001-12-31 | $165.84 | $1366.81 | x |
| 2002-12-31 | $160.46 | $1366.81 | x |
| 2003-12-31 | $196.22 | $1366.81 | x |
| 2004-12-31 | $232.02 | $1366.81 | x |
| 2005-12-31 | $176.68 | $1366.81 | x |
| 2006-12-31 | $149.69 | $1366.81 | x |
| 2007-12-31 | $226.85 | $1366.81 | x |
| 2008-12-31 | $268.13 | $1366.81 | x |
| 2009-12-31 | $389.04 | $1366.81 | x |
| 2010-12-31 | $395.15 | $1366.81 | x |
| 2011-12-31 | $409.83 | $1366.81 | x |
| 2012-12-31 | $380.08 | $1366.81 | x |
| 2013-12-31 | $410.27 | $1366.81 | x |
| 2014-12-31 | $425.83 | $1366.81 | x |
| 2015-12-31 | $419.51 | $1366.81 | x |
| 2016-12-31 | $426.65 | $1366.81 | x |
| 2017-12-31 | $515.60 | $1366.81 | x |
| 2018-12-31 | $461.84 | $1366.81 | x |
| 2019-12-31 | $664.45 | $1366.81 | x |
| 2020-12-31 | $636.84 | $1366.81 | x |
| 2021-12-31 | $754.81 | $1366.81 | x |
| 2022-12-31 | $892.08 | $1366.81 | x |
| 2023-12-31 | $917.80 | $1366.81 | x |
| 2024-12-31 | $996.05 | $1366.81 | x |
| 2025-12-31 | $1185.54 | $1366.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fairfax Financial Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.97%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 4.07x
- Recent ROE (18.35%) is above the historical average (9.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 11.91% | 9.68% | 0.29x | 4.29x | $4.04 Million |
| 1994 | 9.72% | 6.00% | 0.29x | 5.55x | $-777.12K |
| 1995 | 18.51% | 7.64% | 0.49x | 4.94x | $29.50 Million |
| 1996 | 16.55% | 10.22% | 0.26x | 6.34x | $43.55 Million |
| 1997 | 16.66% | 11.13% | 0.20x | 7.31x | $64.94 Million |
| 1998 | 17.31% | 10.84% | 0.17x | 9.33x | $106.52 Million |
| 1999 | 3.75% | 2.15% | 0.18x | 9.63x | $-142.90 Million |
| 2000 | 4.07% | 2.22% | 0.19x | 9.42x | $-133.55 Million |
| 2001 | -10.62% | -5.65% | 0.17x | 10.88x | $-421.98 Million |
| 2002 | 11.71% | 5.21% | 0.23x | 9.89x | $38.55 Million |
| 2003 | 9.29% | 4.74% | 0.23x | 8.57x | $-20.70 Million |
| 2004 | -0.62% | -0.34% | 0.22x | 8.21x | $-340.71 Million |
| 2005 | -15.37% | -7.57% | 0.21x | 9.49x | $-737.19 Million |
| 2006 | 7.96% | 3.34% | 0.26x | 9.30x | $-58.19 Million |
| 2007 | 25.74% | 14.64% | 0.27x | 6.56x | $670.00 Million |
| 2008 | 29.66% | 18.83% | 0.29x | 5.50x | $976.92 Million |
| 2009 | 11.25% | 12.91% | 0.23x | 3.73x | $94.90 Million |
| 2010 | 3.86% | 5.63% | 0.19x | 3.65x | $-533.86 Million |
| 2011 | 0.54% | 0.60% | 0.22x | 3.99x | $-791.16 Million |
| 2012 | 5.97% | 6.75% | 0.21x | 4.19x | $-355.21 Million |
| 2013 | -6.86% | -10.03% | 0.16x | 4.30x | $-1.41 Billion |
| 2014 | 17.15% | 16.64% | 0.27x | 3.79x | $680.63 Million |
| 2015 | 5.52% | 6.19% | 0.22x | 4.04x | $-461.04 Million |
| 2016 | -5.22% | -5.53% | 0.21x | 4.42x | $-1.49 Billion |
| 2017 | 12.60% | 12.43% | 0.22x | 4.64x | $359.49 Million |
| 2018 | 2.87% | 2.28% | 0.26x | 4.91x | $-935.48 Million |
| 2019 | 13.94% | 9.46% | 0.30x | 4.90x | $566.29 Million |
| 2020 | 1.58% | 1.10% | 0.27x | 5.34x | $-1.17 Billion |
| 2021 | 20.76% | 13.18% | 0.30x | 5.29x | $1.76 Billion |
| 2022 | 20.23% | 17.23% | 0.21x | 5.52x | $1.71 Billion |
| 2023 | 19.09% | 16.98% | 0.28x | 4.01x | $2.09 Billion |
| 2024 | 16.10% | 13.62% | 0.29x | 4.02x | $1.47 Billion |
| 2025 | 18.35% | 15.97% | 0.28x | 4.07x | $2.21 Billion |
Industry Comparison
This section compares Fairfax Financial Holdings Ltd's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $3,948,110,200
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fairfax Financial Holdings Ltd (FRFHF) | $30.82 Billion | 11.91% | 2.49x | $26.16 Billion |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $248.68 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.51 Billion |
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $118.83 Million | 11.87% | 3.19x | $1.69 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.61 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $223.89 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.94 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $53.75 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $153.11 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $699.91 Million |