Company: FRFXF
Filing Date: 2025-10-01
Form Type: F-10
Source: 0001104659-25-095645
Chunk: 59

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-10-01
Form: F-10
Chunk 59
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 total amount of Cdn$250 million (approximately $179.6 million); and (v) the Exchange Offers. Except as described above, the following table does not reflect the interest cost of our debt and the debt of our subsidiaries or the preferred share dividend requirements on preferred shares outstanding during the periods as if they were outstanding at the beginning of the periods.

| ​                    
 ​                    | ​ 
 ​ | ​ 
 ​ | 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