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Investor Presentaiton

Strategic capital management Capital management framework Strong capital base has allowed us to pursue our growth objectives while returning capital to shareholders $564 million in total excess capital * Maintain leverage ratio (target 20% debt-to-total capital) Maintain existing dividends • Quarterly dividend per share History of dividend growth We have increased our dividend each year since our IPO 0.163 0.53 0.48 0.44 0.40 0.37 0.31 0.32 0.34 0.27 0.25 Increase dividends Invest in growth initiatives Share buybacks * As of June 30, 2015 Excess capital Intact Financial Corporation 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Q3-15 . We believe we have organic growth opportunities within our multi-brand offering We have a track record of 15 accretive acquisitions, the most recent being AXA Canada, Jevco, Metro General and CDI [ 7 ]
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