Fairfax Financial Holdings Management

Management criteria checks 4/4

Fairfax Financial Holdings' CEO is V. Watsa, appointed in Jan 1985, has a tenure of 38.42 years. total yearly compensation is $486.88K, comprised of 91% salary and 9% bonuses, including company stock and options. directly owns 9.3% of the company’s shares, worth MX$29.71B. The average tenure of the management team and the board of directors is 11.1 years and 6.2 years respectively.

Key information

V. Watsa

Chief executive officer

US$486.9k

Total compensation

CEO salary percentage	91.0%
CEO tenure	38.4yrs
CEO ownership	9.3%
Management average tenure	11.1yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has V. Watsa's remuneration changed compared to Fairfax Financial Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$487k	US$443k	US$1b
Sep 30 2022	n/a	n/a	US$519m
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$3b
Dec 31 2021	US$511k	US$474k	US$3b
Sep 30 2021	n/a	n/a	US$3b
Jun 30 2021	n/a	n/a	US$3b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$519k	US$472k	US$174m
Sep 30 2020	n/a	n/a	-US$63m
Jun 30 2020	n/a	n/a	-US$129m
Mar 31 2020	n/a	n/a	-US$70m
Dec 31 2019	US$605k	US$462k	US$2b
Sep 30 2019	n/a	n/a	US$809m
Jun 30 2019	n/a	n/a	US$847m
Mar 31 2019	n/a	n/a	US$416m
Dec 31 2018	US$966k	US$440k	US$331m
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$498k	US$477k	US$2b
Sep 30 2017	n/a	n/a	US$126m
Jun 30 2017	n/a	n/a	-US$350m
Mar 31 2017	n/a	n/a	-US$423m
Dec 31 2016	US$466k	US$447k	-US$556m

Compensation vs Market: V.'s total compensation ($USD486.88K) is below average for companies of similar size in the MX market ($USD5.70M).

Compensation vs Earnings: V.'s compensation has been consistent with company performance over the past year.

CEO

V. Watsa (73 yo)

38.4yrs

Tenure

US$486,882

Compensation

Mr. V. Prem Watsa founded Fairfax Financial Holdings Limited in 1985 and has been its Chairman and Chief Executive Officer since 1985. Mr. Watsa serves as the President of 1109519 Ontario Limited, 810679 O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
V. Watsa	Founder	38.4yrs	US$486.88k	9.3% $ 29.7b
Peter Clarke	President & COO	4.3yrs	US$2.25m	0.012% $ 39.4m
Jennifer J. Allen	VP & CFO	3.8yrs	US$1.23m	0.0085% $ 27.0m
Jean Cloutier	VP & Chairman of International	24.3yrs	US$1.39m	0.0053% $ 17.1m
Bryan Bailey	Vice President of Tax	no data	US$1.93m	0.0023% $ 7.3m
Vinodh Loganadhan	Vice President of Administrative Services	no data	no data	0.016% $ 50.9m
Derek Bulas	VP & Chief Legal Officer	no data	no data	0.0013% $ 4.0m
John Varnell	Vice President of Corporate Development	10.8yrs	US$819.61k	0.012% $ 37.1m
Eric Salsberg	VP & Corporate Secretary	11.4yrs	US$945.75k	0.33% $ 1.1b
Andrew Barnard	President of Fairfax Insurance Group	no data	no data	0.24% $ 771.5m
Bruno Camargo	President of Fairfax Brasil	no data	no data	no data
Wade Sebastian R. Burton	President & Chief Investment Officer of Hamblin Watsa Investment Counsel	no data	no data	0.0046% $ 14.8m

11.1yrs

Average Tenure

62.5yo

Average Age

Experienced Management: FFH N's management team is seasoned and experienced (11.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
V. Watsa	Founder	38.4yrs	US$486.88k	9.3% $ 29.7b
William Weldon	Corporate Director	3.2yrs	US$55.39k	0.0031% $ 9.9m
David Johnston	Corporate Director	2.7yrs	US$164.04k	0.0089% $ 28.4m
Brian Porter	Independent Director	less than a year	no data	0.0018% $ 5.7m
Brandon Sweitzer	Independent Director	19.4yrs	US$124.17k	0.0080% $ 25.4m
Timothy Price	Independent Director	13.2yrs	US$67.57k	0.0067% $ 21.6m
Robert Gunn	Independent Director	16.2yrs	US$135.06k	0.0040% $ 12.7m
R. McFarland	Lead Independent Director	3.9yrs	US$446.00k	0.0050% $ 15.8m
Christine McLean	Corporate Director	5.2yrs	US$61.98k	0.0072% $ 23.1m
Lauren Templeton	Independent Director	6.2yrs	US$84.11k	0.074% $ 237.7m
Benjamin Watsa	Director	8.2yrs	US$91.40k	0.0023% $ 7.4m
Karen Jurjevich	Independent Director	6.2yrs	US$62.91k	0.00026% $ 830.5k

6.2yrs

Average Tenure

73yo

Average Age

Experienced Board: FFH N's board of directors are considered experienced (6.2 years average tenure).

Fairfax Financial Holdings Management

Management criteria checks 4/4

Key information

Recent management updates

Fairfax Financial Holdings Limited, Annual General Meeting, Apr 11, 2024

Insider recently sold Mex$18m worth of stock

Director recently bought Mex$1.5m worth of stock

Fairfax Financial Holdings Limited, Annual General Meeting, Apr 20, 2023

Insider recently sold Mex$829k worth of stock

Director recently sold Mex$5.0m worth of stock

Recent updates

Fairfax Financial Holdings Limited to Report Q1, 2024 Results on May 02, 2024

Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE).

Fairfax Financial Holdings Limited to Report Q4, 2023 Results on Feb 15, 2024

Fairfax Financial Holdings Limited to Report Q4, 2023 Results on Feb 15, 2024

Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.6% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million.

Fairfax Financial Holdings Limited to Report Q3, 2023 Results on Nov 02, 2023

Fairfax Financial Holdings Limited (TSX:FFH) entered into agreement to acquire unknown stake in Meadow Foods Limited from Exponent Private Equity LLP.

Fairfax Financial Holdings Limited, Annual General Meeting, Apr 11, 2024

Fairfax Financial Holdings Limited to Report Q2, 2023 Results on Aug 03, 2023

Fairfax Financial Holdings Limited (TSX:FFH) acquired additional 7.109% stake in Ovostar Union Public Company Limited (WSE:OVO).

Insider recently sold Mex$18m worth of stock

Director recently bought Mex$1.5m worth of stock

Full year 2022 earnings released: EPS: US$48.53 (vs US$129 in FY 2021)

Fairfax Financial Holdings Limited to Report Q4, 2022 Results on Feb 16, 2023

Upcoming dividend of US$10.00 per share

Government Receives Several EoIs for IDBI Bank Stake Sale

Fairfax Financial Holdings Limited Declares Annual Dividend, Payable on January 26, 2023

Fairfax Financial Holdings Limited, Annual General Meeting, Apr 20, 2023

Carlyle, Fairfax, DBS Bank Reportedly May Bid for IDBI Bank

Insider recently sold Mex$829k worth of stock

Director recently sold Mex$5.0m worth of stock

Adani Reportedly Eyes Stake in Bengaluru Airport

Third quarter 2022 earnings released: US$3.19 loss per share (vs US$17.43 profit in 3Q 2021)

Independence Pet Group, Inc. completed the acquisition of Crum & Forster Pet Insurance Group and Pethealth Inc. from Fairfax Financial Holdings Limited (TSX:FFH).

Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of an additional 38.2% stake in Recipe Unlimited Corporation (TSX:RECP) from Cara Holdings Limited and others.

Fairfax Reportedly to Sell Stake in Bengaluru Airport for $1.5 Billion

Fairfax and Shriram Reportedly Contender for IDBI Bank

Fairfax Financial Holdings Limited (TSX:FFH) entered into a letter of intent to acquire an additional unknown stake in Recipe Unlimited Corporation (TSX:RECP) from Cara Holdings Limited and others.

Fairfax Financial Holdings Limited (TSX:FFH) entered into a letter of intent to acquire an additional unknown stake in Recipe Unlimited Corporation (TSX:RECP) from Cara Holdings Limited and others.

Fairfax Financial Holdings Limited (TSX:FFH), Ocean Network Express Pte. Ltd., Washington Family and David L. Sokol entered into non-binding proposal letter to acquire remaining 32% stake in Atlas Corp. (NYSE:ATCO) for $1.2 billion.

Second quarter 2022 earnings released: US$37,108 loss per share (vs US$45.79 profit in 2Q 2021)

Fairfax Financial Holdings Limited to Report Q2, 2022 Results on Jul 28, 2022

Domtar Corporation entered into an agreement to acquire Resolute Forest Products Inc. (NYSE:RFP) from Fairfax Financial Holdings Limited (TSX:FFH) and others for $1.6 billion.

Independence Pet Group, Inc. agreed to acquire Crum & Forster Pet Insurance Group and Pethealth Inc. from Fairfax Financial Holdings Limited (TSX:FFH) for $1.4 billion.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age