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Intact Financial Corporation (T:IFC)

Business Focus: Property & Casualty Insurance (NEC)

Sector:  Financials Industry:  Property & Casualty Insurance
 
Company Contact
Address: 700 UNIVERSITY AVENUE
SUITE 1500-A (LEGAL)
TORONTO ON M5G 0A1
Tel: N/A
Website: https://www.intactfc.com
IR: See website
Key People
Charles J.G. Brindamour
Chief Executive Officer, Director
Frederic Cotnoir
Executive Vice President, Chief Legal Officer, Secretary
Louis Marcotte
Chief Financial Officer, Executive Vice President
Anne Fortin
President - Intact Insurance
Louis Gagnon
Chief Executive Officer, Canada
Timothy Michael Miller
Chief Executive Officer - Global Specialty Lines
Ken Norgrove
Chief Executive Officer, UK & International
Patrick Barbeau
Chief Operating Officer, Executive Vice President
Carla Smith
Executive Vice President, Chief Human Resources Strategy and Climate Officer
Benoit Morissette
Executive Vice President, Chief Risk and Actuarial Officer
   
Business Overview
Intact Financial Corporation is a Canada-based provider of property and casualty insurance in Canada. The Company's segments include Canada, UK & International, and US. The Canada segment is engaged in underwriting of automobile, home and business insurance contracts to individuals and businesses in Canada distributed through a network of brokers and directly to consumers. The UK & International segment is engaged in underwriting of automobile, home, pet and business insurance contracts to businesses in the United Kingdom, Europe, and Ireland as well as internationally through the Company's global network. The Company distributes insurance through a wide network of affinity partners and brokers or directly to consumers. The US segment is engaged in underwriting of specialty contracts mainly to small to medium-sized businesses in the United States. The Company distributes insurance through independent agencies, brokers, wholesalers and managing general agencies.
Financial Overview
For the six months ended 30 June 2024, Intact Financial Corporation revenues increased 2% to C$12.84B. Net income applicable to common stockholders increased from C$590M to C$1.38B. Revenues reflect Canada segment increase of 4% to C$290M, Canada segment increase of 4% to C$290M. Dividend per share increased from C$2.20 to C$2.42. Basic Earnings per Share excluding Extraordinary Items increased from C$3.37 to C$7.73.
Employees: 30,000 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $54,670M as of Sep 30, 2024
Annual revenue (TTM): $25,950M as of Sep 30, 2024
EBITDA (TTM): $4,573M as of Sep 30, 2024
Net annual income (TTM): $2,020M as of Sep 30, 2024
Free cash flow (TTM): $1,574M as of Sep 30, 2024
Net Debt Last Fiscal Year: $3,805M as of Sep 30, 2024
Shares outstanding: 178,363,968 as of Jul 10, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization