Sector: Financials | Industry: Property & Casualty Insurance |
Company Contact | |
Address: | 700 UNIVERSITY AVENUE SUITE 1500-A (LEGAL) TORONTO ON M5G 0A1 |
Tel: | 1-416-3411464 |
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 |
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 (P&C) insurance. The Company's segment includes Canada, US and UK & International. The Canada segment is engaged in the underwriting of automobile, home and business insurance contracts to individuals and businesses in Canada distributed through a network of brokers and directly consumers. The UK & International 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 US segment is engaged in the underwriting of specialty contracts mainly to small and midsize businesses in the United States. In Canada, the Company distributes insurance under the Intact Insurance brand through a network of brokers. |
Financial Overview |
For the fiscal year ended 31 December 2023, Intact Financial Corporation revenues decreased 3% to C$25.69B. Net income applicable to common stockholders decreased 49% to C$1.23B. Revenues reflect Corporate segment decrease of 50% to C$8M, United Kingdom segment decrease of 8% to C$7.67B. Net income also reflects Expense Ratio -%- P&C UK & I increase of 8% to 35.2%, Loss Ratio -%- P&C UK & I decrease of 8% to 59.1%. |
Employees: | 28,500 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $45,445M as of Dec 31, 2023 |
Annual revenue (TTM): | $25,690M as of Dec 31, 2023 |
EBITDA (TTM): | $3,753M as of Dec 31, 2023 |
Net annual income (TTM): | $1,232M as of Dec 31, 2023 |
Free cash flow (TTM): | $526.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $4,570M as of Dec 31, 2023 |
Shares outstanding: | 178,404,889 as of Mar 13, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |