TORONTO — Insurance provider Intact Financial Corp. reported second-quarter net income of $720 million, down from $867 million during the same period last year.
That amounted to diluted earnings per share of $3.90 during the period, down from $4.70 last year.
The Toronto-based firm says its insurance revenue reached $6.75 billion during the quarter ended June 30, up year-over-year from $6.62 billion.
Earlier this month, Intact Financial updated its guidance for the second quarter, announcing it had higher catastrophe losses and large losses than it initially predicted.
It said its combined catastrophe and large losses were $247 million above its expectations for the second quarter on a pre-tax and net of reinsurance basis.
Intact Financial CEO Charles Brindamour says the company’s resilient performance and balance sheet strength position it to continue to pursue growth initiatives in a constructive mergers and acquisitions environment.
This report by The Canadian Press was first published July 28, 2026.
