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Intact Financial projects C$115M of Q4'19 pretax cat losses

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Intact Financial projects C$115M of Q4'19 pretax cat losses

Intact Financial Corp. is expecting catastrophe losses of about C$115 million pretax, or 60 Canadian cents per share after tax, for the fourth quarter of 2019.

Losses mainly occurred in the Canadian property lines, with impacts of approximately C$54 million and C$48 million pretax in commercial and personal property, respectively.