Intact puts third-quarter catastrophe losses at about C$660m after storms, floods and British Columbia wildfires

Intact Financial Corporation said on 6 October that catastrophe events in the third quarter of 2026 will cost it about C$660 million on a pre-tax basis, net of reinsurance. After tax, the insurer puts the effect at C$2.76 per diluted share. The figure is an estimate ahead of full quarterly results, for which the release gives no date.

Canada carries C$615 million of the loss. Personal property is the largest part at C$390 million, followed by commercial lines at C$173 million and personal auto at C$52 million. The UK and Ireland add C$38 million and the United States C$7 million. Intact links the Canadian losses to severe storms that caused flood, water and wind damage in several regions, and to wildfires in British Columbia.

Chief financial officer Ken Anderson said catastrophe losses over the past 12 months total C$1.29 billion, modestly above the company's annual guidance of C$1.20 billion. Chief executive Charles Brindamour said that, at industry level, the events "reinforce firm market conditions".

A second Canadian insurer reported the same pattern. Definity Financial estimated that catastrophes reduced its third-quarter underwriting income by about $190 million net of reinsurance recoveries, or $1.15 per common share after tax and net of reinsurance, Reinsurance News reported. Definity named summer rainstorms in Ontario and Alberta, the British Columbia wildfires and an early-September storm system in southern Ontario.