Redskin212

Wet Leg is fantastic! I love the album and sound and was so disappointed with myself that I did catch their show at the 9:30 club last September when I had the chance. Next time they come through town it will be at a huge venue as they rock stars now!

Fairfax Financial Holdings Limited: Financial Results for the First Quarter Earnings are $31/share - Viking pretty much nailed it!

I think Kleven is already doing the job with Brian's oversight. My impression from the annual meeting and specifically the Shareholder's dinner the night before is that Brian in slowly phasing out of the day-to-day grind with an eye to retiring. Brian spoke for basically an hour at the dinner - I think that was intentional on Prem's and Fairfax part. Also, the first time Kleven's name has appeared on the Annual Meeting slide Viking previously posted - not a coincidence. During the question period, Brian on a number of occasions tried to get Kleven involved in the discussion. For Kleven's part he answered the questions well - very concise, but I believe he was being respectful of his mentor Brian and not trying to steal any of his limelight. After the question period ended, I went up and met Kleven and talked for about 15 minutes - he is very sharp and thinks like Brian does. The next day, I was telling a friend of mine who is a director of FFH, that I was very impressed with Kleven and he look like an excellent successor to Brian. My friend mention that at a recent Board meeting, Kleven blew the board members away with his presentation and knowledge. Brian is the GOAT - no question! And it looks like the GOAT has been mentoring a great successor for about a decade.

I got a backpack

+1

+1 And I think Sokol may have been the architect of this plan

Thanks for the great analysis. Answered all my questions and then some

Fairfax announced the issuance of $650 million of debt yesterday at what looks like fairly attractive rates. I find it interesting that issuing this amount of debt attracts no attention and really not a big deal. I remember a time when this would have been discussed ad nauseum. FAIRFAX LAUNCHES C$650 MILLION SENIOR NOTES OFFERING The base shelf prospectus is accessible, and the shelf prospectus supplement for this offering will be accessible within two business days, through SEDAR+ 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$100 principal amount, and (ii) an additional C$250 million in aggregate principal amount of its 5.10% Senior Notes due 2055 (the “2055 Notes” and, together with the 2036 Notes, the “Senior Notes”) to be priced at C$99.485 per C$100 principal amount, plus accrued interest (the “Offering”). The Senior Notes will be offered through a syndicate of dealers to be led by BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc. and Scotia Capital Inc., as joint bookrunners, and including Merrill Lynch Canada Inc., National Bank Financial Inc., TD Securities Inc., Citigroup Global Markets Canada Inc., Desjardins Securities Inc., J.P. Morgan Securities Canada Inc., Mizuho Securities Canada Inc. and Morgan Stanley Canada Limited, as agents. The 2036 Notes will pay a fixed rate of interest of 4.40% per annum. The Senior Notes will be unsecured obligations of Fairfax. Fairfax currently has outstanding C$300,000,000 aggregate principal amount of its 5.10% senior notes due 2055 (the “Original 2055 Notes”). The Additional 2055 Notes will have the same terms as the Original 2055 Notes, except for the issue date, offering price and the first interest payment date, and will form part of the same series as the Original 2055 Notes. Fairfax intends to use the net proceeds of the Offering to refinance, repay or redeem outstanding debt, equity or other corporate obligations of Fairfax and its subsidiaries, to pursue potential acquisition or investment opportunities (which may include acquisitions of minority interests in its subsidiaries), and for general corporate purposes. This may include the redemption or repurchase of certain of Fairfax’s previously issued debt or equity securities. As of the date of this press release, Fairfax has not made any determination as to the specific debt, equity or other corporate obligations to be repaid or redeemed, nor the amount, timing or method of such repurchase or redemption. Similarly, as of the date of this press release, Fairfax has not made any determination as to the specific acquisitions or investment opportunities to be pursued, nor the cost, timing or method of such acquisitions or investments. Any such repurchase, redemption, acquisition or investment will be subject to market conditions. Any proceeds not used to refinance, repay or redeem outstanding debt, equity or other corporate obligations or to pursue potential acquisition or investment opportunities will be used for general corporate purposes, which may include to augment Fairfax’s cash position or to increase short-term investments and marketable securities held at the holding company level. The Offering is expected to close on or about February 27, 2026, subject to the satisfaction of customary conditions.

I also would prefer no increase but agree that with all the growth we have in the past couple of years, the dividend will likely grow as well.

It's the start of the new year and the first capital allocation Fairfax makes is the announcement of the annual dividend - typically today after market close. So, my question is: do we get $15/share again or does Fairfax increase the dividend today and by how much? I am thinking we might get an increase to $20/share - it has been a great year, an increased dividend would certainly send the signal that management thinks there is more to come.

45% in non-401k accounts 26% 401k account.

I of course was up last and up first cooking breakfast Need to sleep more, but bad habits are hard to break. Always keep an eye on the board at the end of the day, never know what my extended family is talking about. Merry Xmas to you and everyone on the board. Truly an exciting year and I think more to come in 2026! Now all the presents are open, time to get ready and watch some football. Terrible how all pro sports are bleeding into this holiday - the reality of getting everyone home and under one roof for the day. Merry Christmas!!

not to nick pick but I think you meant $16.90 for Fairfax India closing price not $15.90

If my math is correct FFH's position is valued at over $6 Billion! Roughly 1/3 of $19.399B market cap. Yes - just insane

Amazing that our old friend from Muchmusic JD Roberts is the voice of reason in that interview. Lutnick is just a shrill for Trump, not sure he is actually doing anything at all.