Intact Financial Corporation

Good morning, ladies and gentlemen, and welcome to the Intact Financial Corporation Q3 2025 Results Conference Call. At this time, all lines are in the listen-only mode. Following the presentation, we will conduct a question-and-answer session, and if at any time during this call you require immediate assistance, please press star zero for the operator. Also note that this call is being recorded on November 5, 2025. And I now would like to turn the conference over to Jeff Kwan, Chief Investor Relations Officer. Please go ahead, sir.

Thank you, Sylvie. Hello, everyone, and thank you for joining the call to discuss our third quarter financial results. A link to our live webcast and materials for this call have been posted on our website at intactfc.com under the Investors tab. Before we start, please refer to slide two for a disclaimer regarding the use of forward-looking statements. which form part of this morning's remarks, and slide three for a note on the use of non-GAAP financial and other terms used in this presentation. To discuss the results today, I have with me our CEO, Charles Brindamore, our CFO, Ken Anderson, Patrick Barbeau, our Chief Operating Officer, and Guillaume Lamy, Senior Vice President, Personal Lines. We will begin with a pair of remarks, followed by Q&A, and with that, I will turn the call over to Charles.

Well, good morning, everyone. Thank you for joining us today. I'm very pleased with the quarterly results we reported yesterday evening. Net operating income per share of $4.46 was the result of strong underwriting performance across all geographies and lines of business. Topline growth increased 6% in the quarter while we delivered another sub-90 combined ratio. This highlights our ability to grow while not compromising our margins. Our operating ROE is outperforming across all regions and has improved in the last year by four points to 20%.