Actuarial Notes

Q2-2026 Supplementary Financial Information

By Intact Financial Corporation · 2026

Intact Financial Corporation's unaudited supplementary financial information for the second quarter of 2026: a 25-page statistical package of consolidated and segment results by quarter. It reports premiums, underwriting ratios, catastrophe losses and prior-year claims development by segment and line of business, then the GAAP statements, investment portfolio, capital, shareholder information and the reconciliations of its non-GAAP measures. Figures are in millions of Canadian dollars unless noted, with pre-IFRS 17 nomenclature shown in italic where it applies. Intact publishes it as a PDF and an Excel workbook with the same title.

Important Notes

  • Non-GAAP and Other Financial Measures — the package uses GAAP measures alongside non-GAAP financial measures and ratios as defined in National Instrument 52-112, which have no standardized meaning under IFRS and may not be comparable to other companies' measures

Consolidated Results

  • Underwriting ratios
  • Consolidated performance
  • Per share measures (in $)
  • Return on equity (for the last 12 months)
  • Financial position
  • Full-time equivalent number of employees

Operating Premiums and Underwriting Revenue

  • Operating direct premiums written, net premiums written and operating net underwriting revenue by segment (P&C Canada, P&C UK&I, P&C US) and, in Canada, by line of business (personal auto, personal property, commercial lines)

Underwriting Results

  • Underwriting results by segment and line of business: underlying current year loss ratio, CAT loss ratio, claims ratio, commissions, general expenses and premium taxes ratios, expense ratio and the combined ratio / operating combined ratio
  • Discounted combined ratio by segment and line of business, with the discount build on claims liabilities

Net Catastrophe Losses and Prior Year Claims Development

  • Current year CAT losses by segment and line of business
  • PYD on CAT losses by segment and line of business
  • Total (favourable) unfavourable PYD by segment and line of business

Segment Performance

  • Canada — pre-tax operating income, distribution income, total finance costs, operating DPW by geography and policies in force (restated from Q2-2026 for comparability)
  • P&C Canada — personal auto, personal property and commercial lines
  • UK&I — underwriting results, with underwriting results in GBP
  • US — underwriting results, with underwriting results in USD

Corporate Results

  • Corporate and Other — underwriting results, operating net investment income and total finance costs

GAAP Measures & Reconciliations

Condensed Consolidated Statements of Income

Financial Position

Investment Portfolio

  • Debt securities
  • Preferred shares
  • Net exposure: investment mix by asset class
  • Net exposure: industry mix by asset class
  • Net exposure: by currency

Capital and Rating Information

  • Total capital margin and regulatory capital ratios
  • Financial strength ratings
  • Senior unsecured debt ratings

Shareholder Information

  • Number of shares outstanding
  • Common share performance
  • Dividends
  • Normal course issuer bid (NCIB) program
  • Foreign exchange rates

Reconciliations to Financial Statements

  • MYA and FX on claims liabilities, and net unwind of discount on claims liabilities
  • Total income tax benefit (expense) and effective income tax rates

Reconciliation of Pre- and After-Tax Items

  • Acquisition-related non-operating results and other non-operating results

Reconciliations of Non-GAAP Financial Measures

  • ROE
  • AEPS and AROE
  • Adjusted debt-to-total capital
  • BVPS and BVPS (excluding AOCI)

Sources