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Intact Financial Corp (IFC.TO)

IFC.TO on Toronto Stock Exchange

135.57CAD
18 Oct 2019
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Latest Key Developments (Source: Significant Developments)

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

Intact Financial Estimates Catastrophe Losses For Q2 2018 Of About $142 Mln On A Pre-Tax Basis
Friday, 6 Jul 2018 

July 5 (Reuters) - Intact Financial Corp ::INTACT FINANCIAL CORPORATION ANNOUNCES SECOND QUARTER CATASTROPHE LOSS ESTIMATE.INTACT FINANCIAL CORP - ESTIMATED CATASTROPHE LOSSES FOR Q2 2018 OF ABOUT $142 MILLION ON A PRE-TAX BASIS.INTACT FINANCIAL - CATASTROPHE LOSSES FOR Q2 2018 REFLECT IMPACT OF 3 STORMS IN CENTRAL CANADA IN APRIL & EARLY MAY.  Full Article

Intact Financial Q4 Operating EPS C$1.63
Wednesday, 7 Feb 2018 

Feb 6 (Reuters) - Intact Financial Corp ::INTACT FINANCIAL CORPORATION REPORTS Q4-2017 AND 2017 ANNUAL RESULTS.Q4 OPERATING EARNINGS PER SHARE C$1.63 .QUARTERLY EARNINGS PER SHARE C$1.60.QUARTERLY DIRECT PREMIUMS WRITTEN C$2,294 MILLION VERSUS C$1,961 MILLION.  Full Article

Intact Financial reports Q3 oper earnings of C$1.61/shr
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Intact Financial Corp :Intact Financial Corporation reports q3-2017 results.Q3 operating earnings per share c$1.61.Q3 earnings per share view c$1.58 -- Thomson Reuters I/B/E/S.Intact Financial Corp - ‍combined ratio for quarter improved 5.2 points over last year to 91.8%​.Intact Financial Corp - qtrly earnings per share $‍1.25​.Intact Financial Corp - ‍net investment income of $101 million for quarter was essentially flat​.  Full Article

Canada's Intact Financial to buy Guarantee Co, Frank Cowan for C$1 billion

Canadian property and casualty insurer Intact Financial Corp said on Thursday it agreed to buy The Guarantee Co of North America and Frank Cowan Co for C$1 billion ($750.6 million) in cash from Princeton Holdings Ltd.