Company: FRFXF
Filing Date: 2025-10-09
Form Type: F-10/A
Source: 0001104659-25-098335
Chunk: 59

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-10-09
Form: F-10/A
Chunk 59
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 ​ | Twelve Months Ended 
 June 30, 2025       |   |     |   |   |   |             |   |     |   | ​ | ​ | December 31, 2024 |   |     |   |   |   |             |   |     |   | ​ 
 ​ |
|:---------------------|:--|:--|:--------------------|:--|----:|:--|:--|:--|:------------|:--|----:|:--|:--|:--|:------------------|:--|----:|:--|:--|:--|:------------|:--|----:|:--|:--|
| ​                    | ​ | ​ | Actual              |   |     |   | ​ | ​ | As Adjusted |   |     |   | ​ | ​ | Actual            |   |     |   | ​ | ​ | As Adjusted |   |     |   | ​ |
| Earnings coverage(1) | ​ | ​ | ​                   | ​ | 9.7 | ​ | ​ | ​ | ​           | ​ | 9.5 | ​ | ​ | ​ | ​                 | ​ | 9.5 | ​ | ​ | ​ | ​           | ​ | 8.8 | ​ | ​ |

(1) Earnings coverage is equal to consolidated net earnings before interest expense on borrowings and income taxes divided by consolidated interest expense on borrowings and preferred share dividend distributions adjusted to a before tax equivalent at the Company’s statutory income tax rate of 26.5%. Our consolidated interest expense on borrowings amounted to $666.4 million and $593.3 million for the twelve-month periods ended June 30, 2025 and December 31, 2024, respectively. Our preferred share dividend requirements, adjusted to a before tax equivalent at the Company’s statutory income tax rates, amounted to $52.5 million and $66.1 million for the twelve-month periods ended June 30, 2025 and December 31, 2024, respectively. Our consolidated net earnings before interest expense on borrowings and income taxes for the twelve-month periods ended June 30, 2025 and December 31, 2024 were $7.0 billion and $6.2 billion, respectively, which was 9.7 and 9.5 times our consolidated interest expense on borrow