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TORONTO ( TSX : IFC ) - July 27 , 2021 ( in Canadian dollars except as otherwise noted ) ● Highlights Net operating income per share up 39 % to $ 3.26 driven by strong underwriting performance and distribution results Premiums grew 29 % , bolstered by the RSA acquisition and strength in Commercial Lines in both Canada and the U.S. Combined ratio of 86.7 % included Canada at 85.0 % and the U.S. at 90.3 % , and was driven by strong underlying performance across all lines ● Charles Brindamour , Chief Executive Officer , said : " Our strong results this quarter and year to date were driven by excellent operating performance across the business . After several months of integration and transition planning , on June 1st we welcomed RSA's employees to Intact and increased our premium base by 70 % . This added scale enhances our ability to invest in our core capabilities of data , risk selection and claims . We remain focused on growing net operating income per share by 10 % annually over time and outperforming the industry ROE by 500 bps every year . With significant momentum in our business , we are well - positioned to emerge from the COVID - 19 crisis in a strong position to continue to support our employees and communities , while delivering value for our shareholders . " ( in millions of Canadian dollars except as otherwise noted ) Direct premiums written¹ Combined ratio Underwriting income PRESS RELEASE Intact Financial Corporation reports Q2-2021 results BVPS up 25 % from Q1-2021 , driven by the RSA financing and strong EPS of $ 3.59 for the quarter OROE of 19.8 % and robust financial position with $ 2.6 billion of total capital margin and debt - to - total capital of 24.1 % RSA acquisition closed on June 1 and was immediately high single - digit accretive to net operating income per share Net investment income Distribution EBITA and Other ● Net operating income Net income Per share measures ( in dollars ) Net operating income per share ( NOIPS ) Earnings per share ( EPS ) Return on equity for the last 12 months Operating ROE ROE Book value per share ( in dollars ) Total capital margin² Debt - to - total - capital ratio ● Consolidated Highlights¹ Q2-2021 Q2-2020 4,297 86.7 % 464 154 118 515 573 $ 3.26 $ 3.59 19.8 % 19.6 % $ 77.67 2,558 24.1 % 3,382 89.5 % 284 141 78 350 263 $ 2.35 $ 1.74 15.6 % 10.1 % $ 53.95 1,707 22.1 % Change 29 % ( 2.8 ) pts 63 % 9 % 51 % 47 % 118 % 39 % 106 % [ intact ] 4.2 pts 9.5 pts 44 % 851 2.0 pts H1-2021 6,819 87.8 % 761 295 180 872 1,087 $ 5.69 $ 7.10 H1-2020 5,903 91.9 % 443 291 122 593 370 $ 3.96 $ 2.40 Change 17 % ( 4.1 ) pts 72 % 1 % 48 % 47 % 194 % Common Share Dividend The Board of Directors approved the quarterly dividend of $ 0.83 per share on the Company's outstanding common shares . The dividend is payable on September 30 , 2021 , to shareholders of record on September 15 , 2021 . 44 % 196 % With a strong financial position and confidence in earnings growth , we will continue to protect our people , support our customers and advance on our strategic objectives . We intend to increase our dividend this year as we have in each of the past 15 years . ¹ This press release contains non - IFRS financial measures . Refer to Section 22- Non - IFRS financial measures in the Q2-2021 Management's Discussion and Analysis for further details . DPW change ( growth ) is presented in constant currency . Refer to Section 16 - Capital management in the Q2-2021 Management's Discussion and Analysis for further details .