TD Bank Group shares updates on insurance catastrophe information.

TD Bank Group has recently made an announcement regarding the expected catastrophe claims in their Wealth Management & Insurance segment for the second quarter of the financial year. The Bank foresees catastrophe claims of approximately $50 million, post-reinsurance, and pre-tax, that will impact their financial results.

Catastrophe claims refer to insurance claims connected to a single event that took place in a specific fiscal quarter, with the total insurance claims meeting or exceeding an internal threshold of $5 million before reinsurance. This internal threshold may change over time. The total estimated pre-tax cost of these claims, net of recoveries from related reinsurance coverage, is included in Insurance service expenses and may also consist of reinsurance reinstatement premiums.

The Bank shared that the upcoming quarterly earnings announcement is scheduled for Thursday, May 22, 2025. They also emphasized the importance of exercising caution when considering forward-looking information. The Bank frequently issues written and oral forward-looking statements, both in regulatory filings with Canadian authorities and the U.S. Securities and Exchange Commission (SEC), and in various communications with analysts, investors, and the media.

These forward-looking statements are made in accordance with the “safe harbor” provisions of Canadian and U.S. securities laws and are intended to provide insights into the Bank’s objectives, priorities, and strategies for the present and future periods. Words like “will,” “expect,” “plan,” “anticipate,” and “estimate” are commonly used in these statements. However, it is crucial to recognize that such statements are based on assumptions and are subject to a range of risks and uncertainties, both general and specific.

Given the uncertainties in the physical, financial, economic, political, and regulatory landscapes, these risks and uncertainties, many of which are outside the Bank’s control, can significantly impact the actual results as compared to the expectations outlined in the forward-looking statements. It is important for stakeholders and investors to be mindful of these risk factors and the potential implications they may have on the Bank’s financial performance and strategic objectives.

In light of the recent announcement regarding catastrophe claims and the approaching quarterly earnings release, investors and analysts will be closely monitoring TD Bank Group’s financial performance and strategic direction in the upcoming period. The Bank remains committed to providing timely and transparent information to its stakeholders, enabling informed decision-making and fostering trust within the financial community.