DBRS Releases Report on Intact Financial

DBRS has today released a report on Intact Financial Corporation (Intact or the Company) that provides further detail on the recent confirmation of the Company’s ratings at A (low) and Pfd-2 (low).

The confirmation is supported by the fact that Intact’s operating subsidiaries continue to be among the stronger performers in the Canadian property and casualty insurance industry in terms of underwriting profit and overall profitability. Overall industry profitability started to stabilize in 2010, in part as a result of the auto insurance reforms in Ontario and more benign weather patterns in 2010. For the first time in several years, Intact had an improved underwriting result, with a decline in its combined ratio.

To obtain a copy of the report or the September 20, 2011, press release, please see the links under Related Research.