Intact Financial Corporation (TSE:IFC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into TSE:IFC stock, check out TipRanks’ Stock Analysis page.