Intact Financial (IFC) Investor presentation summary

Strategic overview and objectives

• Aims to reach $25B in direct premiums written (DPW) by 2030 in Canada, $10B in global specialty lines, and £5B in UK & Ireland, all with strong combined ratio outperformance.

• Focuses on customer advocacy, broker expertise, stakeholder recognition, and emissions reduction, targeting net zero by 2050 and halving operational emissions by 2030.

• Maintains a best employer status across markets, with 39% of VP+ roles held by women and high employee engagement.

• Strategic roadmap includes digital engagement, distribution scale, underwriting optimization, and leveraging data and AI for pricing and risk selection.

• Committed to building resilient communities and investing in talent and climate initiatives.

Financial performance and capital management

• Achieved 10-year average ROE outperformance of 670 bps and 10-year NOIPS CAGR of 12%, with 21 consecutive annual dividend increases.

• Outpaced S&P/TSX 60 with a 15% 10-year annualized total shareholder return and consistent dividend growth (+10% CAGR since 2015).

• Maintains a strong capital position with a debt-to-capital ratio of 16.2%, below the 20% target, and book value per share up 8% year-over-year to $111.73.

• Over $20.5B capital deployed in the last decade, with $12B on M&A at a 20% average IRR, and $6B in dividends.

• Share buybacks contributed to NOIPS growth, with $352M repurchased in FY2026 at $261.83 per share.

Market leadership and operational strengths

• Largest P&C insurer in Canada, with 8.1% 10-year DPW CAGR and 5-point combined ratio outperformance.

• Holds $6.7B in global specialty lines DPW, targeting $10B by 2030, and maintains a sub-90s combined ratio.

• UK & Ireland commercial lines DPW at £2.6B, aiming for £5B by 2030 and a 90% combined ratio.

• Advanced AI and data capabilities deliver over $220M in recurring annual benefits, with a target to exceed $500M by 2028.

• Deep claims expertise and supply chain network handle over 95% of claims in-house, improving customer experience and efficiency.