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Intact Financial Corporation ( (TSE:IFC) ) has provided an update.
Intact Financial Corporation reported strong financial results for Q4-2024, highlighted by a 5% growth in operating direct premiums written and a favorable combined ratio of 86.5%. The company’s net operating income per share increased by 23%, reflecting strong underwriting and investment performance. Intact’s resilience was demonstrated by managing $1.5 billion in catastrophe losses while maintaining a solid balance sheet and increasing dividends for the 20th consecutive year. The company expects continued growth in personal and commercial insurance lines, positioning itself to exceed industry ROE benchmarks.
More about Intact Financial Corporation
Intact Financial Corporation is a leading insurance provider, primarily focusing on personal and commercial insurance lines. With a strong presence across various geographies, the company is known for its robust underwriting practices and strategic growth initiatives.
YTD Price Performance: 4.91%
Average Trading Volume: 246,948
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$49.36B
Find detailed analytics on IFC stock on TipRanks’ Stock Analysis page.
