Intact Financial (TSE:IFC) has released an update.
Intact Financial Corporation has announced a robust Q1-2024 performance with key indicators showing positive trends: a 6% increase in operating direct premiums written, a 19% rise in net operating income per share, and a significant 79% surge in earnings per share, primarily due to investment gains and a profitable sale of UK operations. The company also reports a strong balance sheet and is well-positioned to outperform industry return on equity by a substantial margin. Looking ahead, Intact Financial anticipates continued favorable market conditions with potential double-digit premium growth in certain Canadian sectors.
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