Intact Financial Corporation’s combined ratio deteriorated due to one main reason.

Yet this result tops the figures reported during the first quarters of 2010 to 2020.

The company includes Economical Insurance, Sonnet Insurance, Petline Insurance Company and Family Insurance Solutions.

This is the first time the insurer’s annual income passed the $300 million mark.

Paisley Partners – a Navacord Broker Partner firm – has acquired the Wiseblott Insurance team.

IBC says this is the costliest natural disaster in the province’s history.

The company also announced that it has acquired two Ontario based brokers.