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Intact Financial Corporation (T:IFC)

Business Focus: Property & Casualty Insurance (NEC)

Sector:  Financials Industry:  Property & Casualty Insurance
Company Contact
Tel: 1-416-3411464
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
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
Anne Fortin
Executive Vice President - Direct Distribution, Chief Marketing and Communications Officer
Benoit Morissette
Executive Vice President, Chief Risk and Actuarial Officer
Business Overview
Intact Financial Corporation is a Canada-based company, which provides property and casualty, and specialty insurance. The Company's segment includes Canada, US and UK&I. The Canada segment is engaged in the underwriting of automobile, home and business insurance contracts to individuals and businesses in Canada. The US segment is engaged in the underwriting of specialty insurance contracts to small and midsize businesses in the United States. The UK&I segment is engaged in underwriting of automobile, home, pet and business insurance contracts to individuals and businesses in the United Kingdom, Europe, Ireland and Middle East as well as internationally. The Company distributes insurance through a network of affinity partners and brokers or directly to consumers. The Corporate and Other segment (Corporate) consists of investment management, treasury and capital management activities, as well as other corporate activities.
Financial Overview
For the nine months ended 30 September 2023, Intact Financial Corporation revenues decreased 6% to C$19.01B. Net income applicable to common stockholders decreased 64% to C$736M. Revenues reflect Corporate segment decrease of 36% to C$7M, Corporate segment decrease of 36% to C$7M. Net income also reflects Other net gains (losses) decrease of 94% to C$28M (income), Acquisition Cost of Group Companies increase of 57% to C$321M (expense).
Employees: 28,500 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $43,291M as of Sep 30, 2023
Annual revenue (TTM): $24,884M as of Sep 30, 2023
EBITDA (TTM): $3,518M as of Sep 30, 2023
Net annual income (TTM): $1,132M as of Sep 30, 2023
Free cash flow (TTM): $1,101M as of Sep 30, 2023
Net Debt Last Fiscal Year: $4,032M as of Sep 30, 2023
Shares outstanding: 178,322,868 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization