Intact Financial And Definity Financial Release Third-Quarter Catastrophe Loss Estimates
MT newswire2026/10/06 21:2005:20 PM EDT, 10/06/2026 (MT Newswires) -- Intact Financial (IFC.TO) Tuesday after trade estimated that total catastrophe losses for the third quarter were CA$660 million on a pre-tax basis and net of reinsurance. Personal property and commercial lines in Canada were the most impacted, with losses driven by severe weather events including storms in several regions, and wildfires in British Columbia. Intact chief financial officer Ken Anderson said total catastrophe losses over the past 12 months topped CA$1.29 billion, modestly above the insurer's guidance of CA$1.20 billion. Separately, Definity Financial (DFY.TO) said its third-quarter catastrophe losses will negatively impact underwriting income by CA$190 million net of reinsurance recoveries. Definity had previously estimated a negative impact on underwriting income for July and August of CA$130 million net of reinsurance recoveries. Intact Financial shares closed down CA$1.97 at CA$239.33, on the Toronto Stock Exchange, while Definity Financial shares closed down CA$41.59 at CA$66.77.
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