jeyfox

Here is recap of combined ratios since 2004 and the change of ownership levels at the different insurance entity levels between 2024 and 2025. The playbook of reinforcing what they know very well. Falcon Thailand: from 97% to 100% AMAG (Indonesia): from 80 to 81% Fairfirst (Sri Lanka) from 78 to 100% Fairfax Ukraine from 70 to 100%. Digit: from 60 to 58% upon conversionof securities once regulatory approval is received. Cheers! Jeremy

I will put it here rathen then in the Fairfax annuel letter 2023. Digit max ownership will be 68% against 74% (in 2022 letter).

One point I noted: Digit max ownership can be 68% against 74% in last years letter. Maybe some moves I missed or linked to futur IPO. Cheers! Jeyfox Disclaimer: I am a shareholder.

Fairfax did a great job on improving the combined ratio since 2004 on all of its insurance entities.