- Approximately 55% of the catastrophe losses were in our
Canada segment, with half in personal property. This mostly reflected the impact of floods inBritish Columbia , as well as windstorms acrossOntario andQuebec in December. - Approximately 20% of the losses were attributable to the UK&I segment and 5% was in US specialty lines.
- The remainder will be reported in Corporate & Other as a result of internal reinsurance.
"Our teams have been working tirelessly to quickly get our customers back on track. The unprecedented flooding in
1 For details on our catastrophe loss expectations and definition, please refer to Sections 24.3 and 27.2, respectively, in our Q3-2021 Management's Discussion and Analysis, which is incorporated by reference. This document is available on our website at www.intactfc.com and on SEDAR at www.sedar.com. |
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Forward-Looking Statements
Certain statements made in this press release are forward-looking statements. These statements include, without limitation, on a per share basis and by line of business: statements relating to claims, catastrophe losses and non-catastrophe losses, their origin and geographic location, the anticipated effect on performance and combined ratio, the anticipated effect of applicable and future tax regulations and the impact on the Company of the occurrence of and response to the coronavirus (COVID-19) pandemic and ensuing events. All such forward-looking statements are made pursuant to the 'safe harbour' provisions of applicable Canadian securities laws.
Forward-looking statements are based on estimates and assumptions made by management based on management's experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management believes are appropriate in the circumstances. Many factors could cause the Company's actual results, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements. In the case of estimated claims and losses, due to the preliminary nature of the information available to prepare estimates, future estimates and the actual amount and categorization of claims and losses associated with events described above may be materially different from current estimates.
All of the forward-looking statements included in this press release are qualified by these cautionary statements and those made in the "Risk Management" sections of our Q2-2021 Management's Discussion and Analysis (Section 19), and of our 2020 Annual Management's Discussion and Analysis, in Notes 10 and 13 of our Consolidated Financial Statements for the year ended
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