Credit Ratings

Intact Financial Corporation (IFC) is the leading provider of property and casualty insurance in Canada. As the largest competitor, we combine the advantages inherent in our scale with critical strengths in pricing, underwriting, claims and distribution. This allows us to offer competitively priced products and outstanding service to our customers and brokers and, in turn, achieve superior financial results. IFC's high financial strength rating is reflective of our excellent capitalization, strong market position and risk management discipline that consistently generate above average profitability.

Financial Strength Ratings

> > > > >
Financial Strength Ratings Table

A. M. Best DBRS FITCH Moody’s
Intact Insurance Company A+
(Superior)
AA (low)
AA-
A1
Novex Insurance Company A+
(Superior)
AA (low)
AA-
A1
The Nordic Insurance Company of Canada A+
(Superior)
AA (low)
AA-
A1
Trafalgar Insurance Company of Canada A+
(Superior)
AA (low)
AA-
A1
Belair Insurance Company Inc. A+
(Superior)
AA (low)
AA-
A1
Jevco Insurance Company A+
(Superior)
AA (low)
AA-
A1
Royal & Sun Alliance Insurance Company of Canada Not Rated Not
Rated
AA-
A1
Canadian Northern Shield Insurance Company Not Rated Not
Rated
AA-
A1
Unifund Assurance Company Not Rated Not
Rated
AA-
A1
Western Assurance Company Not Rated Not
Rated
AA-
A1
Quebec Assurance Company Not Rated Not
Rated
AA-
A1
Atlantic Specialty Insurance Company A+ 
(Superior)
AA (low)
AA-
A2
Homeland Insurance Company of New York A+ 
(Superior)
AA (low)
AA-
A2
Homeland Insurance Company of Delaware A+ 
(Superior)
AA (low)
AA-
A2
OBI National Insurance Company A+ 
(Superior)
AA (low)
AA-
A2
OBI America Insurance Company A+ 
(Superior)
AA (low)
AA-
A2
The Guarantee Company of North America US A+
(Superior)
AA (low)
AA-
A2
Split Rock Insurance, Ltd. A+ 
(Superior)
Not Rated
Not Rated
Not Rated
Royal & Sun Alliance Insurance (RSAI) Not
Rated
Not
Rated
AA-
A2
Royal & Sun Alliance Reinsurance Ltd Not
Rated
Not
Rated
AA-
A2
The Marine Insurance Company Ltd. Not
Rated
Not
Rated
AA-
A2
RSA Luxembourg Not
Rated
Not
Rated
AA-
A2
RSA Insurance Ireland Not
Rated
Not
Rated
AA-
A2
Codan Forsikring A/S Not Rated
Not
Rated
Not
Rated
A2

Senior Unsecured Debt Ratings

Senior Unsecured Debt Ratings Table

A. M. Best DBRS FITCH MOODY'S
Intact Financial Corporation a- A
A-
Baa1
Intact Insurance Group USA Holdings inc.1 a- A
A-
Baa2
RSA Insurance Group limited Not
Rated
Not
Rated
A-
Baa1
Royal & Sun Alliance Insurance limited Not
Rated
Not
Rated
A
Not
Rated

Preferred Share Ratings

Preferred Share Ratings Table

A. M. Best DBRS Fitch MOODY'S
Intact Financial Corporation bbb Pfd-2 BBB Not Rated

Outlook

Outlook Table

A. M. Best DBRS FITCH MOODY'S
Intact Financial Corporation Stable Stable
Stable Stable
Intact Insurance Group USA Holdings inc.1 Stable Stable
Stable Stable
RSA Insurance Group limited (Holding) Not Rated Not Rated
Stable Stable

1Effective February 18, 2020, OneBeacon Insurance Group Holdings, Ltd. was renamed Intact Insurance Group USA Holdings Inc.

 

 

Financial strength ratings information is provided via independent third party resources. Intact Financial Corporation or its affiliates do not guarantee the accuracy, adequacy, completeness or availability of ratings information. Additional information and the latest ratings are available on each respective web site of the rating agencies. A security rating or a stability rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time by the rating organization.