Intact Financial Corporation (IFC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Intact Financial Corporation Q2 2026 Results Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. And if at any time during this call you require needed assistance, please press star zero for the operator. Also note that this call is being recorded on July 29, 2026. And I would like to turn the conference over to Geoff Kwan, Chief Investor Relations Officer. Please go ahead, sir. Thank you, Sylvie. Hello, everyone, and thank you for joining the call to discuss our second quarter financial results. A link to our live webcast and materials for this call have been posted on our website at impactfc.com under the Investors tab. Before we start, please refer to slide two for a disclaimer regarding the use of forward-looking statements, which form part of this morning's remarks. and Slide 3 for a note on the use of non-GAAP financial measures and other terms used in this presentation. To discuss our results today, I have with me our CEO, Charles Brindamour, our CFO, Kenneth Anderson, Patrick Barbeau, our Chief Administrator, and Afraf Louitry, our Senior Vice President for Skull Lions. We will begin with a pair of remarks followed by Q&A, and with that, I will turn the call over to Charles. Thanks, Geoff. Welcome, Ashraf, to your first earnings call. Good morning, everyone, and thanks for joining us. Last night, we released our second quarter results. We generated net operating income per share of $3.17, driven by a combined ratio of 94.9, which included approximately four points of excess catastrophes and large losses. Our top line grew 4% in the quarter driven by continued strength in personal lines. Our ROE was in the upper teen...