Cat losses in the UK send Intact’s Q4 headline CoR up 3.7 points to 91.5%
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Cat losses in the UK send Intact’s Q4 headline CoR up 3.7 points to 91.5%

Jairo Ibarra
February 07, 2023
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Intact Financial’s Q4 headline combined ratio rose 3.7 points to 91.5% as the insurer was hit by higher-than-expected losses in its UK and Ireland (UK&I) operation.

In Canada, the company booked an operating combined ratio of 88.7%, a 4.3-point increase YoY, driven by its personal property and commercial lines, but partially offset by the impact of inflation and higher weather-related frequency in personal auto.

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Topics

News Intact Financial Earnings
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Jairo Ibarra
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