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Intact Financial Corporation provides update on catastrophe events in the fourth quarter
Intact Financial Corporation provides update on catastrophe events in the fourth quarter ...
About this update from Intact Financial Corporation
[{"type":"text","content":"\n \n \n \n Intact Financial Corporation provides update on catastrophe events in the fourth quarter\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen6{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen5{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:1pt none black; BORDER-BOTTOM:none black; BORDER-LEFT:1pt none black; BORDER-RIGHT:1pt none black; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER; BORDER-TOP:black 0.5pt; BORDER-RIGHT:black 0.5pt; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnbbbs{\nBORDER-BOTTOM:black 0.5pt solid\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnvam{\nVERTICAL-ALIGN: MIDDLE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml6{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.50em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Jan. 12, 2024\n \n \n /CNW/ - Intact Financial Corporation (TSX: IFC) today provided an update on catastrophe losses in the fourth quarter of 2023 impacting both our continuing and exited lines of business.\n \n \n The Company estimates total catastrophe losses\n \n 1\n \n of\n \n $200 million\n \n on a pre-tax basis and net of reinsurance\n \n 2\n \n (after-tax impact of\n \n $0.85\n \n on Net Operating Income Per Share\n \n 3\n \n ). The table below provides a breakdown by line of business:\n \n \n \n \n \n \n \n (in millions of\n \n Canadian dollars)\n \n \n \n \n \n \n Canada\n \n \n \n Personal\n \n Lines\n \n \n \n \n \n \n Canada\n \n Commercial\n \n Lines\n \n \n \n \n \n \n UK&I\n \n \n \n \n \n \n US\n \n \n \n \n \n \n \n Total\n \n \n \n \n \n \n \n...