Mr. Gregory Dickerson reports

AM BEST ASSIGNS ISSUE CREDIT RATING TO FAIRFAX FINANCIAL HOLDINGS LIMITED SENIOR UNSECURED NOTES; COMMENTS ON RE-OPENED SENIOR UNSECURED NOTES

AM Best has assigned a long-term issue credit rating (long-term IR) of A minus (excellent) to the recently issued $400-million of 4.4 per cent senior unsecured notes, due February, 2036, of Fairfax Financial Holdings Ltd. The outlook assigned to this credit rating (rating) is stable. At the same time, AM Best has commented that the long-term IR of A minus (excellent) on the $300-million of 5.1 per cent senior unsecured notes, due August, 2055, originally issued in August, 2025, by Fairfax, remains unchanged despite the additional notes being added as part of the same series. Fairfax has announced that it has issued an additional $250-million of senior unsecured notes, bringing the total to $550-million. The outlook of this rating is stable.

The long-term issuer credit rating of Fairfax, as well as the ratings of its operating subsidiaries and all other debt issuances, are unchanged. Fairfax intends to use the net proceeds from the offering to refinance, repay or redeem outstanding debt, equity or other corporate obligations, to pursue potential acquisition or investment opportunities (which may include acquisitions of minority interests in its subsidiaries), and for general corporate purposes.

This news release relates to credit ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this news release, please see AM Best's recent rating activity web page. For additional information regarding the use and limitations of credit rating opinions, please view the guide to Best's credit ratings. For information on the proper use of Best's credit ratings, Best's performance assessments, Best's preliminary credit assessments and AM Best news releases, please view the guide to proper use of Best's ratings and assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.