Intact Financial Corp and RSA to Acquire Direct Line Insurance Group M&A Call-(Pre Recorded) Transcript

Feb 13, 2024

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Sep 06, 2023 / NTS GMT
Shubha Rahman Khan - Intact Financial Corporation - VP of IR

Thank you for joining this webcast. Earlier today, we announced that Intact and its subsidiary, RSA, are acquiring the brokered commercial lines business of Direct Line Insurance Group, subject to approval by Direct Line shareholders. In addition, we announced that Intact is considering a range of strategic options for its U.K. personal lines platform.

On this call, I'm joined by Charles Brindamour, Intact's CEO; and Louis Marcotte, our CFO, who will discuss the strategic and financial merits of the transaction as well as the strategic review of UK personal lines in more detail. The press release, presentation slides and transcript of this call have been posted on our website at intactfc.com in the Events & Presentations section under the Investors tab.

Before we start, please refer to Slide 2 for cautionary language regarding the use of forward-looking statements, which form part of today's remarks. And refer to Slide 3 for a note on the use of non-IFRS financial measures as well as important notes on adjustments, terms and

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