Subsidiaries

12 Months Ended

Dec. 31, 2021

Subsidiaries.

Subsidiaries

29.Subsidiaries

The company’s principal operating subsidiaries are presented in the tables below. During 2021 the company consolidated Eurolife and Singapore Re and deconsolidated Toys “R” Us Canada, Mosaic Capital and Privi, a subsidiary of Fairfax India, as described in note 23. Excluded from these tables are intermediate holding companies of investments in subsidiaries and intercompany balances that are eliminated on consolidation.

		Fairfax's ownership
		(100% other than as
December 31, 2021	Domicile	shown below)
Property and casualty insurance and reinsurance
Northbridge Financial Corporation (Northbridge)	Canada
Odyssey Group Holdings, Inc. (Odyssey Group)	United States	90.0	%
Crum & Forster Holdings Corp. (Crum & Forster)	United States
Zenith National Insurance Corp. (Zenith National)	United States
Brit Limited (Brit)	United Kingdom	86.2	%
Allied World Assurance Company Holdings, Ltd (Allied World)	Bermuda	70.9	%
Fairfax Central and Eastern Europe, which consists of:
Polskie Towarzystwo Reasekuracji Spólka Akcyjna (Polish Re)	Poland
Colonnade Insurance S.A. (Colonnade Insurance)	Luxembourg
FFH Ukraine Holdings (Fairfax Ukraine), which consists of:	Ukraine	70.0	%
ARX Insurance Company (ARX Insurance)	Ukraine
Private Joint Stock Company Insurance Company Universalna (Universalna)	Ukraine
Fairfax Latin America, which consists of:
Fairfax Brasil Seguros Corporativos S.A. (Fairfax Brasil)	Brazil
La Meridional Compañía Argentina de Seguros S.A. (La Meridional Argentina)	Argentina
SBS Seguros Colombia S.A. (Southbridge Colombia)	Colombia
SBI Seguros Uruguay S.A. (Southbridge Uruguay)	Uruguay
Southbridge Compañía de Seguros Generales S.A. (Southbridge Chile)	Chile
Bryte Insurance Company Ltd (Bryte Insurance)	South Africa
Eurolife FFH General Insurance Single Member S.A. (Eurolife General)	Greece	80.0	%
Group Re, which underwrites business in:
CRC Reinsurance Limited (CRC Re)	Barbados
Wentworth Insurance Company Ltd. (Wentworth)	Barbados
Connemara Reinsurance Company Ltd. (Connemara)	Barbados
Fairfax Asia, which consists of:
Falcon Insurance Company (Hong Kong) Limited (Falcon)	Hong Kong
The Pacific Insurance Berhad (Pacific Insurance)	Malaysia	85.0	%
PT Asuransi Multi Artha Guna Tbk (AMAG Insurance)	Indonesia	80.3	%
Fairfirst Insurance Limited (Fairfirst Insurance)	Sri Lanka	78.0	%
Singapore Reinsurance Corporation Limited (Singapore Re)	Singapore
Life insurance and Run-off
Eurolife FFH Life Insurance Group Holdings S.A. (Eurolife)	Greece	80.0	%
Run-off, which is principally comprised of:
U.S. Run-off: TIG Insurance Company (TIG Insurance)	United States
Investment management
Hamblin Watsa Investment Counsel Ltd. (Hamblin Watsa)	Canada

		Fairfax's
December 31, 2021	Domicile	ownership		Primary business
Non-insurance companies
Restaurants and retail
Recipe Unlimited Corporation (Recipe)	Canada	38.5	% (1)	Franchisor, owner and operator of restaurants
Sporting Life Group Limited, which owns:	Canada	71.4	%	Invests in retail businesses
100.0% of Sporting Life Inc. (Sporting Life)	Canada	71.4	%	Retailer of sporting goods and sports apparel
100.0% of Golf Town Limited (Golf Town)	Canada	71.4	%	Retailer of golf equipment, apparel and accessories
Fairfax India
Fairfax India Holdings Corporation (Fairfax India)(2)	Canada	30.1	% (2)	Invests in public and private Indian businesses
Thomas Cook India
Thomas Cook (India) Limited (Thomas Cook India), which owns:	India	66.8	%	Provider of integrated travel and travel-related financial services
100.0% of Sterling Holiday Resorts Limited (Sterling Resorts)	India	66.8	%	Owner and operator of holiday resorts
Other
AGT Food and Ingredients Inc. (AGT)	Canada	58.0	%	Originator, processor and distributor of value-added pulses and staple foods
Dexterra Group Inc. (Dexterra Group)	Canada	48.8	%	Provider of Infrastructure support services
Boat Rocker Media Inc. (Boat Rocker)	Canada	45.0	% (3)	Entertainment content creator, producer and distributor
Farmers Edge Inc. (Farmers Edge)	Canada	61.4	%	Provider of advanced digital tools for agriculture

(1) The company owns multiple voting shares and subordinate voting shares of Recipe that give it voting rights of 61.0%.

(2) The company owns multiple voting shares and subordinate voting shares of Fairfax India that give it voting rights of 93.9%. Fairfax India owns an equity interest of 89.5% in National Commodities Management Services Limited (NCML), a provider of agricultural commodities storage.

(3) The company has voting rights of 56.1% due to Boat Rocker’s issuance of non-voting shares to non-controlling interests.