Intact Financial Corporation and Affiliates: Rating Report

On October 14, 2022, DBRS Limited (DBRS Morningstar) changed the trend to Positive from Stable, and confirmed all ratings of Intact Financial Corporation and its operating insurance subsidiaries, including the Financial Strength Rating (FSR) of its main operating insurance subsidiaries at AA (low) and Intact’s “A” Issuer Rating. The trend on the ratings of RSA Insurance Group Limited, Intact’s UK-based subsidiary, was also changed to Positive.