Intact Financial (IFC) Investor presentation summary

Strategic positioning and objectives

• Leading provider of property and casualty insurance in Canada, with expanding international specialty and commercial lines presence.

• Strategic objectives include customer advocacy, employee engagement, leadership in resilient communities, and achieving net zero emissions by 2050.

• Aims to exceed industry ROE by 5 points and grow net operating income per share (NOIPS) by 10% annually over time.

• Focus on digital engagement, scale in distribution, and leveraging data and AI for pricing and risk selection.

• Ambitions to reach $25B in direct premiums written (DPW) in Canada, $10B in global specialty lines, and £5B in UK & Ireland DPW by 2030.

Financial performance and growth

• 2025 operating DPW reached $25.1B, up 4%, with a combined ratio of 88.2% and book value per share up 16% to $107.35.

• NOIPS grew 33% to $19.21, EPS up 48% to $18.35, and ROE at 21.0% for 2025.

• 10-year average ROE outperformance of 670 bps and 12% NOIPS CAGR.

• Dividend has increased for 21 consecutive years, with a 10% CAGR since 2015 and $7.6B paid since IPO.

• Distribution income reached $546M in 2025, with an 18% 10-year CAGR.

Capital management and deployment

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

• Maintains a strong capital margin of $3.7B and a debt-to-capital ratio of 16.5%, below the 20% target.

• Book value per share increased 16% year-over-year.

• Share buyback program renewed, allowing up to 3% of shares to be repurchased in 2026.

• Investment portfolio is conservatively managed, with 82% of debt securities rated 'A-' or better.