00:15:08 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Intact Financial Corp
Symbol IFC
Shares Issued 175,256,968
Close 2023-07-10 C$ 197.58
Market Cap C$ 34,627,271,737
Recent Sedar Documents

Globe/AP say Intact pegs Q2 catastrophe losses at $421M

2023-07-10 08:50 ET - In the News

The Globe and Mail reports in its Monday, July 10, edition that Intact Financial estimates its catastrophe losses for the second quarter were approximately $421-million on a pretax basis. An Associated Press dispatch to The Globe reports that the property and casualty insurer says the loss amounted to $1.79 per share after tax. Intact says nearly half of the $252-million losses from Canada were attributable to wildfires, with the biggest financial impact coming from Atlantic Canada. Intact says other notable losses included an ice storm and a flood in Quebec. Chief executive officer Charles Brindamour says that Intact's staff are working to get customers back on track amid a "very active season for catastrophes." He says this season is a reminder of the growing impact of climate change on forest fires and severe weather events.

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