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.

Term life new premium falls two per cent while all other categories surge ahead in 2024.

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.

Unintentional injuries causing death more than doubled, driven by drug overdoses and falls.