PR Newswire
TORONTO, Oct. 10, 2024 /CNW/ - Intact Financial Corporation (TSX: IFC) today provided an update to the market regarding catastrophe events in the third quarter of 2024.
The company estimates that total catastrophe losses1 for the quarter were approximately $1.2 billion on a pre-tax basis and net of reinsurance ($5.03 per diluted share after-tax). This includes the previously disclosed estimate of $1.1 billion in weather-related losses provided on August 21, in relation to 4 severe events in Canada, namely torrential rains in Southern Ontario, wildfires in Jasper, hailstorm in Calgary and flooding in Québec.
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