Fairfax Financial Q4 Earnings Call Highlights

Asked about the underwriting profit outlook, management reiterated a target of $1.5 billion , noting the past two years have run higher but emphasizing conservatism and the company’s ability to absorb catastrophe losses as its premium base has expanded.The company recorded $752 million of favorable reserve development in 2025, a benefit of 2.9 points on the combined ratio, marking the 19th consecutive year of favorable reserve development. Clarke said runoff operations strengthened reserves by $298 million ...