The table below provides a breakdown of the catastrophe losses by reporting segment:
(in millions of Canadian dollars) | US | UK&I | Corp & | Total | |
Personal Lines | 13 | - | 63 | - | 76 |
Commercial Lines | 64 | - | 3 | - | 67 |
Total | 77 | - | 66 | - | 143 |
- Catastrophe losses in the Canadian segment mostly reflected the impact of windstorms in late December across eastern
Canada , as well as further development of losses from earlier in the year. - In the UK&I, catastrophe losses in personal lines were primarily attributable to a prolonged period of freezing weather in December, resulting in burst pipes in homes.
"Our teams have been working tirelessly to get customers back on track after recent severe weather events," said
1 For details on our catastrophe loss expectations, definition and disclosure policy, please refer to Section 16 in our Q4-2021 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 and the anticipated effect of applicable and future tax regulations. 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 our Q3-2022 Management's Discussion and Analysis, in the "Risk Management" sections of our 2021 Management's Discussion and Analysis (Sections 30-35), in Notes 10 and 13 of our Consolidated Financial Statements for the year ended
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