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Intact Financial Corporation provides update on catastrophe events in the third quarter
Intact Financial Corporation provides update on catastrophe events in the third 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 third 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.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: RIGHT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen5{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: RIGHT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt inset; BORDER-LEFT:black 1pt\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt inset; BORDER-LEFT:black 1pt\n}\n.prnml6{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.50em !IMPORTANT\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Oct. 12, 2023\n \n \n /CNW/ - Intact Financial Corporation (TSX: IFC) today provided an update to the market on catastrophe events in the third quarter of 2023. The company estimates that total catastrophe losses\n \n 1\n \n for the quarter were approximately\n \n $611 million\n \n on a pre-tax basis and net of reinsurance (\n \n $2.56\n \n per share after-tax). This compares with the estimate of\n \n $570 million\n \n in weather-related losses provided on\n \n August 31\n \n for the first two months of the quarter. The increase in the estimate reflects non-weather events as there were no weather-related catastrophe events in September.\n \n \n The table below provides a breakdown of the catastrophe losses by reporting segment:\n \n \n \n \n \n \n \n (in millions of Canadian dollars)\n \n \n \n \n \n \n \n Canada\n \n \n \n \n \n \n \n \n US\n \n \n \n \n \n \n \n \n Total\n \n \n \n...