Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 14

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 14
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 Business

| · | If our actual claims exceed our claim reserves, our financial condition and results of operations could 
 be adversely affected.                                                                                  |

| · | Unpredictable catastrophic events could reduce our net earnings. |

| · | Our portfolio holdings are subject to fluctuations in the market, which could negatively affect their                                     
 value. If we are unable to realize our investment objectives, our business, financial condition or results of operations may be adversely 
 affected.                                                                                                                                 |

| · | Our business could be harmed because of our potential exposure to asbestos, environmental and other latent 
 claims.                                                                                                    |

| · | We cannot assure you that our reinsurers and certain insureds will pay us on a timely basis or at all. |

| · | We are exposed to credit risk in the event our insureds, insurance producers or reinsurance intermediaries                                 
 fail to remit premiums that are owed to us or failure by our insureds to reimburse us for deductibles that are paid by us on their behalf. |

| · | If our insurance and reinsurance subsidiaries are unable to maintain financial strength ratings, it may                                 
 be more difficult for them to renew policies, retain business or write new business and a downgrade of our credit rating may affect the 
 cost and availability of financing.                                                                                                     |

| · | We may not be successful in achieving our strategic objectives. |

| · | We may hold derivative instruments, which could result in significant losses and volatility of our operating 
 results.                                                                                                     |

| · | The methods we employ to hedge risks associated with certain of our financial instruments may fail to 
 achieve their desired risk management objectives.                                                     |

| · | We operate in a highly competitive environment, which could make it more difficult for us to attract and 
 retain business.                                                                                         |

| · | Emerging claim and coverage issues, or the failure of any of the loss limitation methods we employ, could 
 adversely affect our business, financial condition or results of operations.                              |

| · | We are a holding company and may not have access to the cash that is needed to meet our financial obligations. |

| · | Our inability to obtain additional capital in the future as required could have a material adverse effect 
 on our financial condition.                                                                               |

| · | Our business could be adversely affected by the loss of one or more key employees. |

| · | We may be unable to obtain reinsurance coverage at reasonable prices or on terms that adequately protect 
 us.                                                                                                      |

| · | Our operations could be adversely affected as a result