Intact Financial Corporation announces approval for normal course issuer bid

Executive Summary

• Intact Financial Corporation announced that the Toronto Stock Exchange has approved its Normal Course Issuer Bid (NCIB) to repurchase up to 5,326,847 common shares (≈3% of outstanding shares) over the next 12 months.
• The NCIB provides a flexible mechanism for returning excess capital to shareholders; purchases may begin around February 17 2026 and run until February 16 2027 or until the share limit is reached.
• To date, Intact has repurchased 798,825 shares at an average price of $270.55 per share under the prior NCIB period.

Key Details

• Authorized Repurchase Amount: Up to 5,326,847 common shares (≈3% of 177,561,557 outstanding shares as of Feb 3 2026).
• Previous Period Activity: Purchased 798,825 shares at a weighted‑average price of $270.55 per share during the prior 12‑month NCIB window.
• Purchase Mechanics:
• Open‑market transactions via TSX facilities and Canadian alternative trading systems.
• Daily maximum of 108,504 shares on TSX (subject to block purchase rules).
• Automatic Share Purchase Plan for pre‑determined blackout periods; discretionary purchases otherwise.
• Pricing: Market price at time of acquisition, or a discount if purchased under an issuer‑bid exemption order.
• Timing: Purchases may commence ~Feb 17 2026 and expire on the earlier of Feb 16 2027 or when the maximum share limit is reached.
• Regulatory Approval: NCIB approved by Toronto Stock Exchange, confirming compliance with TSX rules.

Notable Quotes

(No direct quotes were provided in the release.)