v3.25.0.1
Subsidiaries (Tables)
12 Months Ended
Dec. 31, 2024
Subsidiaries  
Schedule of interests in subsidiaries

    

    

Fairfax’s ownership

 

(100% other than as

 

December 31, 2024

Domicile

shown below)

 

Property and casualty insurance and reinsurance

 

  

 

  

North American Insurers

Northbridge Financial Corporation (Northbridge)

 

Canada

 

  

Crum & Forster Holdings Corp. (Crum & Forster)

 

United States

 

  

Zenith National Insurance Corp. (Zenith National)

 

United States

 

  

Global Insurers and Reinsurers

Odyssey Group Holdings, Inc. (Odyssey Group)

 

United States

 

90.0

%

Brit Limited (Brit)

 

England and Wales

 

  

Ki Financial Limited (Ki Insurance)

England and Wales

20.0

% (1)

Allied World Assurance Company Holdings, Ltd (Allied World)

 

Bermuda

 

83.4

%

International Insurers and Reinsurers

Fairfax Central and Eastern Europe, which consists of:

 

  

 

  

Polskie Towarzystwo Reasekuracji Spólka Akcyjna (Polish Re)

 

Poland

 

  

Colonnade Insurance S.A. (Colonnade Insurance)

 

Luxembourg

 

  

FFH Ukraine Holdings (Fairfax Ukraine), which consists of:

 

Ukraine

 

70.0

%

ARX Insurance Company (ARX Insurance)

 

Ukraine

 

  

Private Joint Stock Company Insurance Company Universalna (Universalna)

 

Ukraine

 

  

Fairfax Latin America, which consists of:

 

  

 

  

Fairfax Brasil Seguros Corporativos S.A. (Fairfax Brasil)

 

Brazil

 

  

La Meridional Compañía Argentina de Seguros S.A. (La Meridional Argentina)

 

Argentina

 

  

SBS Seguros Colombia S.A. (Southbridge Colombia)

 

Colombia

 

  

SBI Seguros Uruguay S.A. (Southbridge Uruguay)

 

Uruguay

 

  

Southbridge Compañía de Seguros Generales S.A. (Southbridge Chile)

 

Chile

 

  

Bryte Insurance Company Ltd (Bryte Insurance)

 

South Africa

 

  

Eurolife FFH General Insurance Single Member S.A. (Eurolife General)

 

Greece

 

80.0

%

Gulf Insurance Group K.S.C.P. (Gulf Insurance)

Kuwait

97.1

%

Group Re, which underwrites business in:

 

  

 

  

CRC Reinsurance Limited (CRC Re)

 

Barbados

 

  

Wentworth Insurance Company Ltd. (Wentworth)

 

Barbados

 

  

Connemara Reinsurance Company Ltd. (Connemara)

 

Barbados

 

  

Fairfax Asia, which consists of:

 

  

 

  

Falcon Insurance Company (Hong Kong) Limited (Falcon)

 

Hong Kong

 

The Pacific Insurance Berhad (Pacific Insurance)

 

Malaysia

 

85.0

%

PT Asuransi Multi Artha Guna Tbk (AMAG Insurance)

 

Indonesia

 

80.8

%

Fairfirst Insurance Limited (Fairfirst Insurance)

 

Sri Lanka

 

78.0

%

The Falcon Insurance Public Company Limited (Falcon Thailand)

Thailand

96.7

%

Singapore Reinsurance Corporation Limited (Singapore Re)

 

Singapore

 

  

Life insurance and Run-off

 

  

 

  

Eurolife FFH Life Insurance Group Holdings S.A. (Eurolife)

 

Greece

 

80.0

%

Run-off, which is principally comprised of:

 

  

 

  

U.S. Run-off: TIG Insurance Company (TIG Insurance)

 

United States

 

  

Investment management

 

  

 

  

Hamblin Watsa Investment Counsel Ltd. (Hamblin Watsa)

 

Canada

 

  

(1)Brit holds 51.0% of the voting rights of Ki Insurance. Subsequent to December 31, 2024, on January 1, 2025 Ki Insurance completed its separation from Brit and will be presented as a separate operating company within the Global Insurers and Reinsurers reporting segment commencing in the first quarter of 2025.

    

    

Fairfax’s

    

    

December 31, 2024

Domicile

ownership

Primary business

Non-insurance companies

 

  

 

  

 

 

  

Restaurants and retail

 

  

 

  

 

 

  

Recipe Unlimited Corporation (Recipe)

 

Canada

 

84.0

%

 

Franchisor, owner and operator of restaurants

Sleep Country Canada Holdings Inc. (Sleep Country)

Canada

100.0

%

Specialty sleep retailer

Sporting Life Group Limited (Sporting Life Group)

Canada

90.1

%

Canadian sports lifestyle retail organization

Fairfax India

 

  

 

 

  

Fairfax India Holdings Corporation (Fairfax India)

 

Canada

 

42.7

% (1)

 

Invests in public and private Indian businesses

Thomas Cook India

 

  

 

 

  

Thomas Cook (India) Limited (Thomas Cook India), which owns:

 

India

 

64.5

%

 

Provider of integrated travel and travel-related financial services

100.0% of Sterling Holiday Resorts Limited (Sterling Resorts)

 

India

 

64.5

%

Owner and operator of holiday resorts

Other

 

  

 

 

  

AGT Food and Ingredients Inc. (AGT)

 

Canada

 

65.7

%

 

Originator, processor and distributor of value-added pulses and staple foods

Boat Rocker Media Inc. (Boat Rocker)

 

Canada

 

44.5

% (3)

 

Entertainment content creator, producer and distributor

Dexterra Group Inc. (Dexterra Group)

 

Canada

 

49.7

% (2)

 

Provider of infrastructure support services

Farmers Edge Inc. (Farmers Edge)

Canada

70.5

%

Provider of advanced digital tools for agriculture

Grivalia Hospitality S.A. (Grivalia Hospitality)

 

Greece

 

85.2

%

 

Hospitality real estate investor, developer and manager

Meadow Foods Limited (Meadow Foods)

England and Wales

93.2

%

Provider of value-added milk, fats, fresh confectionery and plant-based bulk ingredients

Peak Achievement Athletics Inc. (Peak Achievement)

Canada

100.0

%

Designer, manufacturer and distributor of performance sports equipment and related apparel and accessories

(1)The company owns multiple voting shares and subordinate voting shares of Fairfax India that give it voting rights of 95.2%.
(2)The company has de facto voting control of Dexterra Group as its largest equity and voting shareholder.
(3)The company has voting rights of 56.0% due to Boat Rocker’s issuance of non-voting shares to non-controlling interests.