Building a Leading P&C Insurer

4 Expect to Maintain a Strong and Resilient Balance Sheet [intact Objective to Maintain Credit Ratings Robust Capital Position... ... and Leverage Structure MCT RBC SCR Capital Ratio >194% >400% >160% Total Capital Margin >$1.5B At Close Year 3 Leverage Ratios: Debt / Capital 26% 20% Pref/ Capital 11% 3Including cash, cash equivalents and short-term investments. 4As of 2019. Based on results for RSA, Codan Forsikring A/S and Forsikringsselskabet Privatsikring A/S. 10% A.M. Best (FSR)1 DBRS (IR) Fitch (LTR)¹ Moody's (LTR) A+ A A Baa1 Common shareholders' equity (book value) estimated at -$13B Maintain Conservative Investment Portfolio Portfolio Intact² Fixed Income, % "A-" or better, % Portfolio Fixed Income, % $19.6B RSA (ex-Scandinavia) 4 -$15B "A" or above, % 82% ³ 89% >80% ³ >80% ¹Fitch noted in a press release dated November 6, 2020 that it does not expect Intact's credit ratings to be impacted by the Acquisition. A.M. Best commented on November 11, 2020 that the Long-Term Issuer Credit Rating of Intact and the Financial Strength Ratings of its subsidiaries remain unchanged following the announcement related to the Acquisition. 2Intact Q3 2020 MD&A. 8

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