The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

FFH.TO

Concerning the House

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally. It operates through Property and Casualty Insurance and Reinsurance; Life insurance and Run-off; and Non-Insurance Companies segments. The company offers property insurance, which insures against losses to property from fire, explosion, and terrorism, as well as natural perils, such as earthquake, windstorm, and flood; and engineering problems, including boiler explosion, machinery breakdown, and construction defects. It also provides casualty insurance, which insures against accidents, and workers' compensation and automobile; employers' liability, accident and health, medical malpractice, cyber, and professional liability and umbrella coverage; specialty insurance comprising marine, aerospace and surety risk, and other various risks and liabilities; and reinsurance products. In addition, the company engages in the franchising, owning, and operating of restaurants; specialty sleep retailing; sports lifestyle retailing; owns and operates holiday resorts; originates, processes, and distributes value-added pulses and staple food; develops, invests, and manages hospitality real estate; and designs, manufactures, and distributes performance sports related equipment, and related apparel and accessories. Further, it offers travel and travel-related financial services; infrastructure support services; advanced digital tools for agriculture; and value-added milk, fats, fresh confectionery, and plant-based bulk ingredients. The company was formerly known as Markel Financial Holdings Limited and changed its name to Fairfax Financial Holdings Limited in 1987. Fairfax Financial Holdings Limited was incorporated in 1951 and is headquartered in Toronto, Canada.

Canada · www.fairfax.ca

The Ledger
LineJun 2025Sep 2025Dec 2025Mar 2026
Revenue$8.02B$7.55B$7.70B$6.41B
Net income$1.44B$1.15B$1.24B$695.70M
Diluted EPS61.6152.0457.5731.11
Free cash flow$772.70M$1.89B-$1.41B-$402.90M
CapEx-$98.60M-$263.70M-$111.70M-$131.40M
Quotation

$2,307.93

+3.91 (+0.2%)

52w hi$2,603.25
52w lo$2,111.76
Vol69.80K
As ofAug 13
The Verdict

Hold

Our score +0.26

Short+0.11
Medium+0.28
Long+0.50

computed 2026-08-13

By the Numbers

Fairfax Financial Holdings Limited

Financial Services · Insurance - Property & Casualty

Market cap$47.93B
Enterprise value$56.91B
Trailing P/E8.13x
Forward P/E10.01x
EV / EBITDA7.46x
P / S (ttm)1.24x
Profit margin11.6%
Return on equity16.5%
Revenue growth-0.5%
Earnings growth+2.1%
Debt / equity46.11
Risk Metrics
Beta vs SPX0.41
Corr SPX0.30
Annual vol22.8%
Annual ret+25.2%
Sharpe1.11
Max DD-19.0%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.37
Sector+0.09
Technical+0.04
Earnings+0.00
Sentiment+0.19

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$2,310.82$2,330.05$2,287.19$2,307.9369.80K
Aug 12$2,307.84$2,307.84$2,276.55$2,304.0267.60K
Aug 11$2,345.35$2,351.73$2,284.84$2,292.7048.60K
Aug 10$2,362.48$2,375.36$2,313.63$2,336.3366.90K
Aug 7$2,399.24$2,400.00$2,357.85$2,370.0535.20K