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Fairfax Completes C$650 Million Senior Notes Offering
Globenewswire· 2026-02-27 13:24
Core Viewpoint - Fairfax Financial Holdings Limited has successfully completed an offering of C$400 million in 4.40% Senior Notes due 2036 and C$250 million in 5.10% Senior Notes due 2055, totaling C$550 million in outstanding notes of this series [1][2]. Group 1: Offering Details - The Senior Notes were offered through a syndicate of dealers led by BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., and Scotia Capital Inc. as joint bookrunners [2]. - The Senior Notes are unsecured obligations of Fairfax [2]. Group 2: Use of Proceeds - Fairfax intends to use the net proceeds from the offering to refinance, repay, or redeem outstanding debt, equity, or other corporate obligations, pursue potential acquisition or investment opportunities, and for general corporate purposes [3]. - Specific determinations regarding the debt, equity, or corporate obligations to be repaid or redeemed have not yet been made, nor have decisions been made regarding specific acquisitions or investments [3].
Halper Sadeh LLC is Investigating Whether KW and MASI are Obtaining Fair Deals for their Shareholders
Globenewswire· 2026-02-26 17:06
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.  The proposed transactions may contain terms that could limit superior competing offers. Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. NEW YORK, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an ...
Halper Sadeh LLC is Investigating Whether MASI and KW are Obtaining Fair Deals for their Shareholders
Globenewswire· 2026-02-25 21:43
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.  The proposed transactions may contain terms that could limit superior competing offers. Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an ...
Fairfax Launches C$650 Million Senior Notes Offering
Globenewswire· 2026-02-25 01:50
Not for distribution to U.S. news wire services or dissemination in the United States. The base shelf prospectus is accessible, and the shelf prospectus supplement for this offering will be accessible within two business days, through SEDAR+ TORONTO, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it intends to offer (i) C$400 million in aggregate principal amount of Senior Notes due 2036 (the “2036 Notes”) to be priced at C$99.968 per C$1 ...
Fairfax Financial Holdings Limited: Financial Results For The Year Ended December 31, 2025
Globenewswire· 2026-02-19 22:02
Core Insights - Fairfax Financial Holdings Limited reported record net earnings of $4,772.4 million for the fiscal year 2025, translating to $213.78 per diluted share, a significant increase from $3,874.9 million ($160.56 per diluted share) in 2024, marking a year-over-year growth of 23.1% in net earnings [1][2][7] - The company achieved a consolidated combined ratio of 93.0%, indicating strong underwriting performance across its insurance and reinsurance segments, with a record underwriting profit of $1.8 billion [2][7] - Investment performance was robust, yielding net gains on investments of $3.2 billion, primarily driven by gains on common stocks and bonds, alongside record interest and dividend income of $2.6 billion [3][10] Financial Performance - Net premiums written in the property and casualty insurance and reinsurance operations rose by 3.9% to $26.6 billion, while gross premiums written increased by 2.3% to $33.6 billion, reflecting growth in new business and modest rate increases [2][7] - The adjusted operating income for property and casualty insurance and reinsurance operations slightly decreased by 2.8% to $4.6 billion, impacted by a reduced share of profit from associates [9] - The company’s float increased by 11.2% to $39.3 billion as of December 31, 2025, compared to $35.4 billion in 2024 [9] Investment and Shareholder Actions - During 2025, the company repurchased 1,006,535 subordinate voting shares for cancellation at a total cost of $1.6 billion, averaging $1,615 per share [3][14] - The total debt to total capital ratio, excluding non-insurance companies, rose to 26.2% from 24.8% in the previous year, primarily due to new unsecured senior notes issued [14] - The company redeemed all of its Series E, F, G, H, I, J, and M preferred shares, resulting in a gain of $187.1 million recognized in the consolidated statement of changes in equity [14] Segment Performance - The property and casualty insurance and reinsurance operations reported an underwriting profit of $1.8 billion, up from $1.79 billion in 2024, with a combined ratio improvement from 92.7% to 93.0% [7][9] - The life insurance and run-off operations experienced an operating loss of $213.7 million, worsening from a loss of $92.1 million in 2024, mainly due to higher adverse prior year reserve developments [9][14] - The non-insurance companies reported increased operating income of $397.4 million, up from $241.4 million in 2024, largely due to the consolidation of Peak Achievement and the acquisition of Sleep Country [14]
Kennedy Wilson go-private deal draws scrutiny
Yahoo Finance· 2026-02-19 13:56
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Dive Brief: Major real estate investment firm Kennedy-Wilson Holdings is being sold to an entity affiliated with a consortium led by William McMorrow, chairman and CEO of the company, other senior executives and Fairfax Financial Holdings Limited, according to a Tuesday press release from the two firms. The transaction is expected to close in the second quar ...
Kennedy-Wilson Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Kennedy-Wilson Holdings, Inc. - KW
Businesswire· 2026-02-19 01:35
Core Viewpoint - The proposed sale of Kennedy-Wilson Holdings, Inc. to a consortium led by its Chairman and CEO William McMorrow and Fairfax Financial Holdings Limited is under investigation by former Louisiana Attorney General Charles C. Foti, Jr. and the law firm Kahn Swick & Foti, LLC [1] Company Overview - Kennedy-Wilson Holdings, Inc. is involved in a transaction where its shareholders will be affected by the proposed sale [1]
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Kennedy-Wilson Holdings, Inc. (NYSE: KW)
Prnewswire· 2026-02-17 18:56
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Kennedy-Wilson Holdings, Inc. (NYSE: KW) [Accessibility Statement] Skip NavigationNEW YORK, Feb. 17, 2026 /PRNewswire/ -- Class Action Attorney [Juan Monteverde] with [Monteverde & Associates PC](the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York C ...
Shareholder Alert: The Ademi Firm investigates whether Kennedy Wilson Holdings Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2026-02-17 16:40
Group 1 - Ademi LLP is investigating Kennedy Wilson Holdings Inc. for potential breaches of fiduciary duty and other legal violations related to a transaction with a consortium led by Chairman and CEO William McMorrow and Fairfax Financial Holdings Limited [1] - In the transaction, Kennedy Wilson shareholders are set to receive $10.90 per share, while insiders will gain substantial benefits from change of control arrangements [1] - The transaction agreement imposes significant penalties on Kennedy Wilson for accepting competing bids, which may limit the company's ability to explore better offers [1] Group 2 - The investigation focuses on whether the Kennedy Wilson board of directors is fulfilling their fiduciary duties to all shareholders [1] - Ademi LLP specializes in shareholder litigation involving buyouts, mergers, and individual shareholder rights [1]
MASI Stock Alert: Halper Sadeh LLC is Investigating Whether Masimo Corporation is Obtaining a Fair Price for Its Shareholders
Businesswire· 2026-02-17 14:30
Core Viewpoint - Halper Sadeh LLC is investigating whether Masimo Corporation is obtaining a fair price for its shareholders in the proposed sale to Danaher Corporation for $180.00 per share in cash [1]. Group 1: Investigation Details - The investigation focuses on whether Masimo and its board of directors violated federal securities laws and/or breached fiduciary duties by failing to obtain the best possible price for shareholders [1]. - Concerns include the fairness of the sales process and potential conflicts of interest that may limit superior competing offers [1]. - Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief and benefits for shareholders [1]. Group 2: Legal Representation - Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions on behalf of defrauded investors [1]. - The firm operates on a contingent fee basis, meaning shareholders would not be responsible for out-of-pocket legal fees or expenses [1].