Intact Financial Investor Presentation — February 2021

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Wednesday, February 10, 2021

Intact Financial Corporation (TSX: IFC)Review of PerformanceQ4-2020 Review of Performance Page 2|

Forward-looking statements

Certain ofthesta tements included inthisPresentation about theCompany ’s current andf uture plans ,expectations andintentions, results, lev els ofacti vity, perf ormance, goals orachiev ements oranyother f ut ure ev ents ordev elopments consti tute f orward -looking statements .

The words “may ”, “will”, “would”, “should”, “could”, “expects” , “plans”, “intends”, “trends”, “indications”, “anticipates”, “believ es”, “estima tes”, “predicts”, “likely ”, “potential” orthenegativ e orother v ariations ofthese words orother similar orcomparable words orphrases, are

intended toidentify f orward -looking statements .Unless otherwise indicated, allf orward -looking statements inthispresentation aremade asDecember 31,2020 andaresubject tochange af ter that date. This presentation contains f orward -looking statements with respect tothe

acquisition ofThe Guarantee Company ofNorth America (“The Guarantee”) and Frank Cowan Company Limited (“Frank Cowan”), theacquisition ofOnSide Dev elopments Ltd.(“On Side”), aswell aswith respect totheproposed acquisition (the “RSA Acquisition”) ofRSA

Insurance Group PLC (“RSA”) andthecompletion ofandtiming f orcompletion oftheRSA Acquisition, andwith respect totheimpact ofCOVID -19and related economic conditions ontheCompany ’s operations andf inancial perf ormance .

Forward -looking statements arebased one stimates and assumptions made bymanagement based onmanagement’s experience and perception ofhistorical trends, current conditions andexpected f uture dev elopments, aswell asother f actors that management believ es are

appropriate inthecircumstances. Inaddition toother estimates andassumptions which may beidentif ied herein, estimates andassumptions hav e been made regarding, among other things, thereceipt ofallrequisite approv als relating totheRSA Acquisition inatimely manner

and onterms acceptable totheCompany , therealization oftheexpected strategic, f inancial andother benef its oftheRSA Acquisition, and economic and political env ironments andindustry conditions .Howev er, thecompletion oftheRSA Acquisition issubject tocustomar y

closing conditions, termination rights and other ri sks and uncertainties, including, without limitation, regulatory approv als, and there can benoassurance that theRSA Acquisition willbecompleted. There can also benoassurance that iftheR SA Acquisition iscompleted, the

strategic andf inancial benef its expected toresult from theRSA Acquisition willberealized .Many f actors could cause theCompany ’s actual results, perf ormance orachiev ements orf ut ure ev ents ordev elopments todiffer materially from those expressed orimplied bythef orward -