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5	5	= Summary =
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7		-Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
8		-Fairfax’s insurance and reinsurance companies operate on a decentralized basis, with autonomous management teams applying a focused underwriting strategy to their markets
	7	+* Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
	8	+* Fairfax’s insurance and reinsurance companies operate on a decentralized basis, with autonomous management teams applying a focused underwriting strategy to their markets
	9	+* Since 1985, investments have been centrally managed for all of the Fairfax group companies by Hamblin Watsa Investment Counsel Ltd
	10	+* Fairfax has a strong foothold in the growing insurance and reinsurance markets of Southeast Asia, Eastern Europe, the Middle East, and Brazil.
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10		-Since 1985, investments have been centrally managed for all of the Fairfax group companies by Hamblin Watsa Investment Counsel Ltd
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12		-Fairfax has a strong foothold in the growing insurance and reinsurance markets of Southeast Asia, Eastern Europe, the Middle East, and Brazil.
	13	+[[image:FRFHF0.png||height="299" width="722"]]
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	16	+= Company Overview =
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16		-Company Overview
	18	+Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management. Fairfax’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax seeks to differentiate itself by combining disciplined underwriting with the investment of its assets on a total return basis, which Fairfax believes provides above-average returns over the long-term.{{footnote}}https://www.fairfax.ca/Corporate/company-profile/default.aspx{{/footnote}}
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18		-Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management. Fairfax’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax seeks to differentiate itself by combining disciplined underwriting with the investment of its assets on a total return basis, which Fairfax believes provides above-average returns over the long-term.
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20		-[[https:~~/~~/www.fairfax.ca/Corporate/company-profile/default.aspx>>url:https://www.fairfax.ca/Corporate/company-profile/default.aspx]]
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22	22	Fairfax was founded in 1985 by the present Chairman and Chief Executive Officer, V. Prem Watsa. The company has been under present management since 1985 and is headquartered in Toronto, Canada. Its common shares are listed on the Toronto Stock Exchange under the symbol FFH and in U.S. dollars under the symbol FFH.U.
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28	28	Since 1985, investments have been centrally managed for all of the Fairfax group companies by Hamblin Watsa Investment Counsel Ltd. ([[www.hwic.ca>>url:http://www.hwic.ca]]), a wholly-owned subsidiary of Fairfax. Hamblin Watsa emphasizes a conservative value investment philosophy, seeking to invest assets on a total return basis, which includes realized and unrealized gains over the long-term.
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31		-Global Coverage
	30	+== Global Coverage ==
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33	33	Fairfax, through its subsidiaries, has an international insurance and reinsurance business which has a global underwriting reach with longstanding relationships and a broad product range. At each of its subsidiaries there is an experienced management team focused on underwriting discipline and prudent reserving.
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36	36	Fairfax looks to expand internationally in regions with significant upside growth potential and relatively low insurance and reinsurance penetration. Fairfax has a strong foothold in the growing insurance and reinsurance markets of Southeast Asia, Eastern Europe, the Middle East, and Brazil. Management at these companies are committed to Fairfax’s goals of underwriting profitability.
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39		-<map>
	38	+[[image:FRFHF1.png]]
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41		-Insurance and Reinsurance
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	41	+=== Insurance and Reinsurance ===
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43	43	Northbridge Financial, based in Toronto, Canada, provides property and casualty insurance products in the Canadian market through its Northbridge and Federated subsidiaries. It is one of the largest commercial property and casualty insurers in Canada based on gross premiums written. In 2021, Northbridge’s net premiums written were Cdn$2,403.0 million (approximately US$1,917 million). At year-end, the company had statutory equity of Cdn$1,975.3 million (approximately US$1,564 million) and there were 1,719 employees.
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45	45	Odyssey Group, based in Stamford, Connecticut, underwrites treaty and facultative reinsurance and specialty insurance, with principal locations in the United States, Toronto, London, Paris, Singapore and Latin America. In 2021, Odyssey Group’s net premiums written were US$4,849.4 million. At year-end, the company had shareholders’ equity of US$5,363.8 million and there were 1,243 employees.
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200	200	References
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	202	+{{putFootnotes/}}