(in Canadian dollars except as otherwise noted)

Highlights

• Operating DPW growth accelerated to 3% in the quarter, and 5% excluding strategic exits, on favourable market conditions
• Operating combined ratio was a solid 91.5% in Q4-2022 and 91.6% for the full year despite elevated catastrophe losses and inflation
• Net operating income per share of $3.34 in the quarter and $11.88 for the full year reflected higher investment and distribution income, which partially offset lower underwriting margins
• EPS decreased to $2.26 in Q4-2022, but was up 9% for the full year on higher operating income and investment gains
• OROE of 14.3% and ROE of 16.5% reflected strong operating performance in a challenging environment 
• Balance sheet remained strong with a total capital margin of $2.4 billion and BVPS of $80.33 despite capital markets volatility
• Quarterly dividend increased by 10% to $1.10 per common share

Going into a new year, inflation continues to be a key topic for individuals, but are your business customers keeping pace? Insurance to Value is not a new concept. Each year leading up to renewal, it’s one of the many items on an underwriter’s checklist - to update values for a business. Often, insurance customers suggest that values are fine as is. However, in this current environment, that approach will likely result in under-insured property values and it’s more important than ever have those values updated at renewal – says Betsy Good, Vice President of Collateral Lines, Intact Financial Services, in our latest issue of News from the Vault. Click the link to read more.

You winterized your boat, and you think it’s tucked away safe until spring. Think again! The mobility and value of a boat makes it a tempting target for thieves, especially when it’s in winter storage. Click the link to learn how you can mitigate the risk of boat theft.  

After a long summer of boating fun, boaters across the country are preparing their boats for their yearly hibernation. Taking the extra steps will not only protect the boat but will ensure an easier, stress-free launch come springtime! Click the link to read the complete winterization checklist by National Marine Underwriters.