Intact Q3 CR up 6.6 points while operating income declines 24% at cat losses bite
Published: Wed 8 Nov 2023
Intact Financial Corporation’s Q3 2023 combined ratio climbed 6.6 points year on year to 98.3 percent as the carrier nursed 12 points of catastrophe losses during the period, while its net operating income fell 24 percent to C$370mn ($268mn).