1 Min Read
Feb 8 (Reuters) - Intact Financial Corp, Canada's largest property and casualty insurer, reported a 20 percent fall in quarterly operating profit, reflecting a decrease in underwriting income.
The company's net operating income fell to C$212 million ($161.20 million), or C$1.58 per share, in the fourth quarter ended Dec. 31, from C$265 million, or C$1.97 per share, a year ago.
Underwriting income decreased 30.8 percent to C$153 million, in the quarter.
$1 = 1.3151 Canadian dollars Reporting by Vishaka George in Bengaluru; Editing by Saumyadeb Chakrabarty