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

Senior Unsecured Debt Ratings

Senior Unsecured Debt Ratings Table

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

Preferred Share Ratings

Preferred Share Ratings Table

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

Outlook

Outlook Table

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