Intact Financial reported a 40% decline in second-quarter net operating income attributable to common shareholders, falling to C$561 million from C$935 million a year earlier. Net operating income per share dropped to C$3.17 from C$5.23, while earnings per share decreased to C$3.90 from C$4.70. Operating direct premiums written rose 4% to C$7.35 billion, driven by strength in Personal lines, but underwriting income fell 61% to C$305 million as the combined ratio deteriorated to 94.9% from 86.1%, reflecting four percentage points of elevated catastrophe and large losses. The board declared a quarterly dividend of C$1.47 per share, payable on September 29, 2026, to shareholders of record on September 15, 2026.