Fairfax Financial
Fairfax Financial, founded in 1985, specializes in property and casualty insurance and reinsurance, alongside investment management. The company has a compound annual growth rate in book value per share of 18.9% since inception and manages total assets of $87 billion.
Company Overview
Founded in 1985, Fairfax Financial primarily engages in property and casualty insurance and reinsurance. The company is also involved in investment management. Fairfax Financial aims to achieve a 15% growth in book value per share over the long term through disciplined underwriting and a value-oriented total return investment approach. The company strives to maintain financial stability and long-term growth within its industry.
Investment Strategy
Fairfax Financial employs a value-oriented total return investment approach. This strategy focuses on disciplined underwriting to manage risks effectively while seeking opportunities for long-term value creation. Over the years, the company has demonstrated its commitment to this approach, achieving a compound annual growth rate in book value per share of 18.9% since its founding in 1985.
Financial Performance
Fairfax Financial has shown significant financial performance metrics, writing annual gross premiums amounting to $24 billion USD. The company also holds total assets valued at $87 billion USD. Cumulatively, Fairfax Financial has written premiums worth $229 billion over its history, reflecting its extensive reach and capability in the insurance sector.
Philanthropic Efforts
Fairfax Financial has demonstrated a strong commitment to philanthropy, donating more than $288 million since starting its donation program in 1991. These contributions highlight the company's dedication to giving back to the community and supporting various charitable initiatives.