COVID-19 Operational Update

• Our focus is on helping our employees, customers and communities through this crisis
• We are providing a range of relief measures to customers, including premium reduction and payment flexibility
• As of May 4, 2020 we have provided over $130 million of relief to approximately 390,000 customers
• While our employees are safe at home, our operations and service levels remain strong

Financial Results

• Net operating income per share of $1.61, includes $83 million of direct COVID-19 related losses
• Premium growth of 14% includes The Guarantee Company of North America ("The Guarantee") acquisition. Integration remains on target
• Combined ratio of 94.3% in the quarter, with 93.3% in Canada and 100.1% in the U.S.
• EPS of $0.66 was impacted by $96 million of equity impairments
• Strong capital position with 202% MCT, 24.1% debt-to-total-capital and $1.5 billion of total capital margin
• BVPS of $51.71 declined 4% in the quarter including $2.34 per share impact from capital market volatility

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” from “a” of The Guarantee Company of North America (GCNA) and its subsidiary, The Guarantee Company of North America USA (GCNA USA) (Southfield, MI) which are newly added members to Intact Financial Corporation (Intact Financial). The outlook assigned to these Credit Ratings (ratings) is stable.

TORONTO, April 27, 2020 /CNW/ - Intact Financial Corporation (TSX: IFC) will release its 2020 first quarter results after the market closes on Tuesday, May 5, 2020.

TORONTO, April 2, 2020 – Intact Financial Corporation (TSX: IFC) is focused on the well-being and safety of employees, while remaining open for business for our customers and brokers during the COVID-19 crisis. IFC and its employees are helping the most affected customers facing financial challenges as a result of the crisis and providing support to communities.

Highlights

• Net operating income per share up 8% to $2.08 in Q4-2019 driven by strong underwriting and distribution results
• Premium growth of 12% in the quarter and 9% for the full year led by rate increases
• Combined ratio of 91.5% in Q4-2019 with solid performance in all lines, despite elevated catastrophe losses
• Full year EPS of $5.08 drove BVPS up 11% to $53.97
• Operating ROE of 12.5% with $1.2 billion of total capital margin
• Quarterly dividend increased by 9% to $0.83 per common share
• Recently closed transactions were accretive to NOIPS in the quarter; integration is well underway

Intact Financial Corporation (TSX: IFC) will release its 2019 fourth quarter and year-end earnings results after the market closes on Tuesday, February 4, 2020.

TORONTO, Dec. 17, 2019 /CNW/ - Intact Financial Corporation (TSX: IFC) today announced changes to the roles and responsibilities of members of the company's leadership team. The new executive appointments are effective January 1, 2020.

TORONTO, Dec. 5, 2019 - Intact Financial Corporation (TSX: IFC) is pleased to announce it has been certified as a Kincentric 2019 Best Employer in Canada and in the United States. This year, as a result of being recognized in both countries, Intact also received the North America regional Best Employer certification.

TORONTO, Dec. 2, 2019 /CNW/ - Intact Financial Corporation (TSX: IFC) announced that it has today completed the acquisition (the "Acquisition") of The Guarantee Company of North America ("The Guarantee") and Frank Cowan Company Limited ("Frank Cowan"), having received all required regulatory approvals.

Highlights

• Net operating income per share increased 18% to $1.91 driven by strong performances across the business

• Premium growth of 11% fuelled by rate increases across North America and unit growth momentum

• Strong combined ratio of 92.3% driven by solid underlying results in Canada and lower catastrophe losses

• Strong financial position with $1.1 billion of total capital margin and operating ROE of 12%

• On track to close the acquisitions of The Guarantee and Frank Cowan Company by year end