Intact Financial Corporation (TSE:IFC) has released an update.
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Intact Financial Corporation reported a mixed Q3-2024 with a 6% growth in organic operating direct premiums written, driven by personal lines, despite 22 points of catastrophe losses impacting their combined ratio. The company’s net operating income per share stood at $1.01, as investment and distribution income experienced double-digit growth, showing financial resilience in a challenging environment. Strong capital management was highlighted with a robust balance sheet and an operating return on equity of 15.8% over the last 12 months.
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