Intact Financial Corporation · TSX:IFC
Intact Financial — Q3 2023 Earnings Presentation
14 slides from Intact Financial's earnings presentation, Nov 8, 2023
Slide 1: Q3-2023 Review of Performance
Make it Intact Intact Financial Corporation (TSX: IFC) Q3-2023 Review of Performance Wednesday, November 8, 2023
Slide 2: Forward-looking statements
Forward-looking statements Certain of the statements included in this presentation about the Company’s current and future plans, expectations and intentions, results, levels of activity, performance, goals or achievements or any other future events or developments constitute forward-looking statemen
Slide 3: Disclaimer
Disclaimer This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitm
Slide 4: Charles Brindamour
Charles Brindamour Chief Executive Officer 4 Q3-2023 Review of Performance
Slide 5: Key points & highlights
Key points & highlights $2.10 $0.83 +6% constant currency NOIPS 1 EPS Operating DPW 1 Growth despite elevated CAT losses, driven by solid underlying decreased year-over-year due to increased +8% excluding strategic exits performance and net investment income growth catastrophe losses of approximatel
Slide 6: Q3-2023 Canadian results
Q3-2023 Canadian results Operating DPW growth1 Combined ratio (undiscounted)1 Industry outlook2 +9% 95.4% Industry premiums expected to grow Personal Auto driven by an improving unit growth trajectory included a 2-point impact from excess in the high single-digit range and our rate actions in hard m
Slide 7: Q3-2023 UK&I and US results
Q3-2023 UK&I and US results Operating DPW growth Combined ratio (undiscounted)1 Industry outlook2 (constant currency)1 UK&I Commercial -1% 90.6% UK & EU industry premium rates expected to grow at +8% excluding impact of strategic exits and reflected a strong underlying performance and UK&I Commercia
Slide 8: Progress on our strategic roadmap
Progress on our strategic roadmap Canada UK & Ireland Global Specialty • BrokerLink closed 7 acquisitions in the • The acquisition of Direct Line’s • Building on our existing underwriting and quarter, representing $181 million in brokered Commercial Lines operations risk engineering expertise with a
Slide 9: Louis Marcotte
Louis Marcotte Executive Vice President & Chief Financial Officer 9 Q3-2023 Review of Performance
Slide 10: Q3-2023 Underwriting review
Q3-2023 Underwriting review Combined ratios1 Catastrophe losses1 • Q3-2023 total current year CAT losses of $611 million, well above expectations, driven by 93.5% several weather events this year. (discounted) 90.4% • No individual catastrophe event has reached our reinsurance retention threshold in
Slide 11: Operating income
Operating income Net operating income attributable to common shareholders1 Net operating income attributable to common shareholders1 of $370 million -24% was driven by solid underlying performance and strong investment results, offset by elevated CAT losses. Operating net investment income2 of $349
Slide 12: Maintaining a Strong Balance Sheet
Maintaining a Strong Balance Sheet Sustaining a strong capital position Managing leverage Managing volatility Total capital margin1,2 Adjusted debt-to-total capital ratio1,3 Book value per share1,4 $2.8B 22.7% $77.24 Increase in Q3 driven by financing activities • Relatively stable as a portion of t
Slide 13: Q&A
Q&A Q&A
Slide 14: Contact us
Contact us Investor Inquiries Intact Financial Corporation 700 University Avenue Toronto, ON M5G 0A1 ir@intact.net www.intactfc.com Investor Relations Shubha Khan Vice President, Investor Relations 1 (416) 341-1464 ext. 41004 shubha.khan@intact.net Media Inquiries David Barrett Director, Media, Soci