Intact Financial Q3-2026 net income drops 35% year over year to CAD 562 million
Intact Financial’s Q3-2026 net income fell 35% year over year to CAD 562 million. Non-GAAP operating income per share fell 19% to CAD 3.63, while underwriting income dropped 38% to CAD 368 million.
1. Operating results
Intact Financial’s Q3-2026 non-GAAP net operating income per share fell 19% year over year to CAD 3.63, reflecting higher-than-expected catastrophe losses. Non-GAAP underwriting income dropped 38% to CAD 368 million, while non-GAAP distribution income rose 16% to CAD 171 million, driven by contributions from BrokerLink and On Side. Operating net investment income increased 5% to CAD 422 million due to higher assets and rising yields.
