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Intact Financial Corp (IFC.TO)

IFC.TO on Toronto Stock Exchange

143.80CAD
23 Oct 2020
Change (% chg)

$2.15 (+1.52%)
Prev Close
$141.65
Open
$142.06
Day's High
$143.85
Day's Low
$140.72
Volume
421,284
Avg. Vol
264,982
52-wk High
$157.65
52-wk Low
$104.81

Latest Key Developments (Source: Significant Developments)

Intact Financial Corp Reports Q2 EPS C$1.74
Wednesday, 29 Jul 2020 

July 28 (Reuters) - Intact Financial Corp ::INTACT FINANCIAL CORPORATION REPORTS Q2-2020 RESULTS AND PROVIDES COVID-19 UPDATE.Q2 OPERATING EARNINGS PER SHARE C$2.35.Q2 EARNINGS PER SHARE C$1.74.Q2 EARNINGS PER SHARE ESTIMATE C$1.97 -- REFINITIV IBES DATA.WELL POSITIONED TO MEET UNDERWRITING TARGETS FOR 2020.FOR 2020, CRISIS IS EXPECTED TO IMPACT DIRECT PREMIUMS WRITTEN GROWTH IN MID-SINGLE TO LOW-DOUBLE DIGIT RANGE.UNDERWRITING PERFORMANCE IS EXPECTED TO BE ON TRACK FOR REST OF 2020.HARD MARKET CONDITIONS IN PERSONAL PROPERTY ARE EXPECTED TO CONTINUE.COMMERCIAL LINES HARD MARKET CONDITIONS ARE EXPECTED TO RESUME IN COMING MONTHS.IN U.S. COMMERCIAL, HARDENING MARKET CONDITIONS ARE EXPECTED TO CONTINUE.PREMIUMS GREW 10% IN CONSTANT CURRENCY FOR P&C U.S. TO $486 MILLION IN Q2.  Full Article

Intact Financial Reports Q1 EPS Of C$0.66
Wednesday, 6 May 2020 

May 5 (Reuters) - Intact Financial Corp ::REPORTS Q1-2020 RESULTS AND PROVIDES COVID-19 UPDATE.Q1 OPERATING EARNINGS PER SHARE C$1.61.Q1 EARNINGS PER SHARE C$0.66.Q1 EARNINGS PER SHARE ESTIMATE C$1.54 -- REFINITIV IBES DATA.COMBINED RATIO OF 94.3% IN QUARTER.AS OF MAY 4, 2020 HAVE PROVIDED OVER $130 MILLION OF RELIEF TO APPROXIMATELY 390,000 CUSTOMERS.  Full Article

Intact Financial Corporation Reports Q4 Operating Earnings Per Share C$2.08
Wednesday, 5 Feb 2020 

Feb 4 (Reuters) - Intact Financial Corp ::ORATION REPORTS Q4-2019 RESULTS.Q4 OPERATING EARNINGS PER SHARE C$2.08.Q4 EARNINGS PER SHARE C$1.63.Q4 EARNINGS PER SHARE ESTIMATE C$1.73 -- REFINITIV IBES DATA.QUARTERLY DIVIDEND INCREASED BY 9% TO $0.83 PER COMMON SHARE.  Full Article

Intact Financial Corp Announces $401 Million Subscription Receipt Offering
Friday, 16 Aug 2019 

Aug 15 (Reuters) - Intact Financial Corp ::INTACT FINANCIAL CORPORATION ANNOUNCES $401 MILLION SUBSCRIPTION RECEIPT OFFERING.INTACT FINANCIAL CORP - ISSUANCE OF 3.3 MILLION SUBSCRIPTION RECEIPTS AT A PRICE OF $120.45 PER SUBSCRIPTION RECEIPT.INTACT FINANCIAL - PURSUING OFFERING TO FINANCE PORTION OF PURCHASE PRICE FOR ACQUISITION OF GUARANTEE COMPANY OF NORTH AMERICA , FRANK COWAN CO LTD.  Full Article

Intact Financial Corp To Acquire The Guarantee Company Of North America And Frank Cowan Company Ltd
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Intact Financial Corp ::INTACT FINANCIAL CORPORATION TO ACQUIRE LEADING SPECIALTY INSURER THE GUARANTEE COMPANY OF NORTH AMERICA AND FRANK COWAN COMPANY LIMITED.INTACT FINANCIAL CORP - CASH CONSIDERATION OF APPROXIMATELY $1 BILLION..INTACT FINANCIAL CORP - PRINCETON HOLDINGS WILL CONTINUE TO RETAIN FULL OWNERSHIP OF ITS OTHER BUSINESSES.INTACT FINANCIAL - EXPECTS ACQUISITION TO BE IMMEDIATELY ACCRETIVE TO NET OPERATING INCOME PER SHARE.INTACT FINANCIAL CORP - TO FINANCE DEAL , INTACT HAS ACCESS TO OWN CAPITAL RESOURCES AND BANK FACILITIES AND MAY EVALUATE CAPITAL MARKETS ALTERNATIVES.INTACT FINANCIAL CORP - EXPECTS ACQUISITION TO GENERATE A RETURN ON CAPITAL ABOVE ITS THRESHOLD.INTACT FINANCIAL CORP - DEBT TO CAPITAL RATIO IS EXPECTED TO RETURN BELOW TARGET LEVEL OF 20% WITHIN 24 MONTHS FOLLOWING CLOSING OF ACQUISITION.INTACT FINANCIAL CORP - ENTERED INTO DEFINITIVE AGREEMENT WITH PRINCETON HOLDINGS TO ACQUIRE GUARANTEE COMPANY OF NORTH AMERICA.  Full Article

Intact Financial Corp To Acquire On Side Restoration
Wednesday, 7 Aug 2019 

Aug 6 (Reuters) - Intact Financial Corp ::INTACT FINANCIAL CORPORATION STRENGTHENS ITS SUPPLY CHAIN NETWORK WITH ACQUISITION OF ON SIDE RESTORATION.INTACT FINANCIAL CORP - PURCHASE PRICE WILL BE FINANCED FROM INTERNAL RESOURCES.INTACT FINANCIAL CORP - ACQUISITION WILL PROVIDE IMMEDIATE LOW SINGLE DIGIT ACCRETION TO NOIPS, AND MILD ACCRETION TO ROE.  Full Article

Intact Financial Q1 Earnings Per Share C$1.06
Wednesday, 8 May 2019 

May 7 (Reuters) - Intact Financial Corp ::ORATION REPORTS Q1-2019 RESULTS.Q1 EARNINGS PER SHARE C$1.06.Q1 EARNINGS PER SHARE ESTIMATE C$0.60 -- REFINITIV IBES DATA.QTRLY NET OPERATING INCOME PER SHARE C$0.73.EXPECT ROE TO IMPROVE AND OUTPERFORMANCE GAP TO REMAIN WIDE IN 2019.Q1 EARNINGS PER SHARE VIEW C$0.60 -- REFINITIV IBES DATA.  Full Article

Intact Financial Corp Reports Q4 EPS C$1.67
Wednesday, 6 Feb 2019 

Feb 5 (Reuters) - Intact Financial Corp ::INTACT FINANCIAL CORPORATION REPORTS Q4-2018 RESULTS.Q4 OPERATING EARNINGS PER SHARE C$1.93.Q4 EARNINGS PER SHARE C$1.67.Q4 EARNINGS PER SHARE ESTIMATE C$1.74 -- REFINITIV IBES DATA.QUARTERLY DIVIDEND INCREASED BY 9 PCT TO $0.76 PER COMMON SHARE.OVERALL FOR CANADIAN P&C INDUSTRY, WE EXPECT MID-SINGLE-DIGIT PREMIUM GROWTH IN COMING YEAR.  Full Article

Intact Financial Q3 Earnings Per Share C$1.34
Wednesday, 7 Nov 2018 

Nov 6 (Reuters) - Intact Financial Corp ::REPORTS Q3-2018 RESULTS.Q3 OPERATING EARNINGS PER SHARE C$1.62.Q3 EARNINGS PER SHARE C$1.34.Q3 EARNINGS PER SHARE VIEW C$1.61 -- THOMSON REUTERS I/B/E/S.QTRLY DIRECT PREMIUMS WRITTEN C$2,708 MILLION VERSUS C$2,203 MILLION.  Full Article

CORRECTED-FOCUS-Canada's struggling hospitality businesses face 'perfect storm' as insurers flee

TORONTO, Oct 8 Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and the sector's risks.