UK and Ireland premium stability during brand consolidation
UK and Ireland operating direct premiums written held steady at CA$1.078 billion for the third quarter. Intact attributed this flat performance to the ongoing consolidation of its previously separate commercial books, formerly trading under the RSA and NIG brands, into the unified Intact Insurance brand following the completion of the UK rollout at the end of 2025. The UK and Ireland business posted a combined ratio of 94.1% during the period.
Global catastrophe losses and group financial results
Group net operating income per share fell 19% to CA$3.63, and diluted earnings per share dropped 36% to CA$3.03. Net income attributable to shareholders declined to CA$562 million from CA$861 million a year earlier, driven by approximately CA$660 million in pre-tax catastrophe losses net of reinsurance across the quarter. Personal property absorbed CA$390 million of these losses, commercial lines accounted for CA$173 million, and personal auto represented CA$52 million. Canada drove CA$615 million of the total cat losses through flooding, wind damage, and British Columbia wildfires, pushing catastrophe losses four points above quarterly expectations.