TD Bank Expects ~$15M In Catastrophe Claims To Impact Q4 Wealth Management & Insurance Results

Author: Benzinga Newsdesk | November 06, 2025 05:35pm

TD Bank Group ("TD" or the "Bank") (TSX:TD) and (NYSE:TD) announced today that it expects catastrophe claims of approximately $15 million after reinsurance and before tax to be reflected in the Bank's Wealth Management & Insurance segment's fourth-quarter results. 

Catastrophe claims are insurance claims that relate to any single event that occurred in the relevant fiscal quarter, for which the aggregate insurance claims are equal to or greater than an internal threshold of $5 million before reinsurance. The Bank's internal threshold may change from time to time. The total amount of catastrophe claims presented reflects the estimated pre-tax cost of these claims net of recoveries from related reinsurance coverage and, when applicable, includes the cost of reinsurance reinstatement premiums. The total amount of catastrophe claims is included in Insurance service expenses and amounts related to reinsurance coverage are included in Other income (loss) on the Bank's Consolidated Statement of Income.

Posted In: TD TSX:TD