However, catastrophe claims still weighed on the company's results.

Core earnings exceeded $7.2 billion.

Premiums and deposits also rose by 22% in 2024 compared to the previous year.

Fairfax Financial reports more than US$1.1 billion in catastrophe losses in 2024.

The company reaffirms its intention to use its financial capacity to make acquisitions.

The company attributes this unfavorable result to part of its U.S. healthcare portfolio.

The company achieved better results, compared to 2023, in all its business units.