TD Bank Group Provides Insurance Catastrophe Information

About this update from Toronto-dominion Bank

[{"type":"text","content":"\n\n\nTD Bank Group Provides Insurance Catastrophe Information\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\n\n\n\n\nCanada NewsWire\n\n\nTORONTO, Nov. 6, 2025 /CNW/ - TD Bank Group (\"TD\" or the \"Bank\") (TSX: TD) and (NYSE: TD) announced today that it expects catastrophe claims of approximately $15 million after reinsurance and before tax to be reflected in the Bank's Wealth Management & Insurance segment's fourth-quarter results. \nCatastrophe claims are insurance claims that relate to any single event that occurred in the relevant fiscal quarter, for which the aggregate insurance claims are equal to or greater than an internal threshold of $5 million before reinsurance. The Bank's internal threshold may change from time to time. The total amount of catastrophe claims presented reflects the estimated pre-tax cost of these claims net of recoveries from related reinsurance coverage and, when applicable, includes the cost of reinsurance reinstatement premiums. The total amount of catastrophe claims is included in Insurance service expenses and amounts related to reinsurance coverage are included in Other income (loss) on the Bank's Consolidated Statement of Income.\nAdditional information about the Bank's insurance catastrophe claims (including catastrophe claims, net of reinsurance for the comparative quarter) is available on its website here: https://www.td.com/ca/en/about-td/for-investors/investor-relations/financial-information       \n Quarterly Earnings Announcement \nTD will release its fourth-quarter financial results and host an earnings conference call on Thursday, December 4, 2025.\n Caution Regarding Forward-Looking Statements \nThis document contains forward-looking statements. All such statements are made pursuant to the \"safe harbour\" provisions of, and are intended to be forward-looking statements under, applicable Canadian and U.S. securities legislation, including the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as \"will\", \"would\", \"should...

More updates from Toronto-dominion Bank