Mr. Geoff Kwan reports

INTACT FINANCIAL CORPORATION ANNOUNCES APPROVAL FOR NORMAL COURSE ISSUER BID

The normal course issuer bid authorized by Intact Financial Corp.'s board of directors to purchase for cancellation during the next 12 months up to 5,326,847 common shares, representing approximately 3 per cent of its issued and outstanding common shares as at the close of business on Feb. 3, 2026, has been approved by the Toronto Stock Exchange.

At the close of business on Feb. 3, 2026, there were 177,561,557 common shares issued and outstanding. The actual number of common shares which will be purchased for cancellation and the timing of any such purchases will be determined by the company. The company believes that its NCIB provides a flexible means of distributing a portion of its excess capital to shareholders who choose to participate in the program. Under the company's NCIB during the preceding 12-month period, a maximum of 5,350,283 common shares were approved for purchase (representing 3 per cent of the company's issued and outstanding common shares as at Feb. 3, 2025) and the company purchased, as of Feb. 3, 2026, 798,825 common shares for a weighted-average price of $270.55 per common share, on the open market through the facilities of the TSX and Canadian alternative trading systems.

Purchases under the NCIB will be made by means of open market transactions through the facilities of the TSX, as well as through other designated exchanges and alternative trading systems in Canada. The TSX's rules permit the company to purchase a daily maximum of 108,504 common shares through TSX facilities, subject to any block purchases made in accordance with TSX rules, which is 25 per cent of the average daily trading volume of common shares for the six months ended on Jan. 31, 2026.

The company has entered into an automatic share purchase plan under which its designated broker will repurchase the company's common shares during the NCIB. The automatic share purchase plan allows for purchases by the company of its common shares during certain predetermined blackout periods, subject to certain limits. Outside of these predetermined blackout periods, shares will be purchased at management's discretion. Purchases for cancellation may also be made through such other means as a securities regulatory authority may permit, including by way of prearranged crosses or by way of private agreements outside of the facilities of the TSX pursuant to exemption orders. The price to be paid by the company for any shares will be the market price at the time of acquisition or such other price as a securities regulatory authority may permit. Purchases for cancellation made by way of private agreements under an issuer bid exemption order issued by a securities regulatory authority will be at a discount to the prevailing market price as provided in the exemption order.

Purchases of common shares may commence on or about Feb. 17, 2026, and will expire on the earlier of Feb. 16, 2027, or the date on which the company has either acquired the maximum number of common shares allowable or otherwise decided not to make any further repurchases.

About Intact Financial Corp.

Intact Financial is a global provider of property and casualty insurance founded on core values and a belief that insurance is about people, not things. Intact's success is fuelled by its 32,000 employees worldwide who embody the company's purpose: to help people, businesses and society prosper in good times and be resilient in bad times. To achieve its ambitions, Intact seeks to ensure customers are its advocates, its people are engaged and the company is one of the most respected.

Intact is the largest provider of property and casualty insurance in Canada, and has exported its strengths across North America, the United Kingdom and Europe. Its growing commercial and specialty solution network now spans over 150 countries. With a customer-driven mindset, Intact has expanded its operations to include insurance distribution, restoration and prevention.

Intact solidifies its outperformance by leveraging its competitive advantages: global leadership in data and artificial intelligence for pricing and risk selection; deep claim expertise and integrated supply chain network; and strong capital and investment management. Intact's total annual operating direct premiums written have tripled over the past decade to $25-billion.

We seek Safe Harbor.