Toronto-Dominion Bank Forecasts $130 Million in Catastrophe Claims for Q4 Fiscal 2026
Toronto-Dominion Bank (TD) has announced that it expects to incur approximately $130 million in catastrophe claims, net of reinsurance. These costs are expected to be reflected within the results of its Wealth Management & Insurance segment during the fourth quarter of fiscal year 2026. The announcement comes amidst broader discussions regarding the bank's valuation and recent capital allocation strategies, including a previously approved C$10 billion share repurchase program. The company is scheduled to release its full fourth-quarter financial results on December 3, 2026.