Intact Financial Corp INTAF

Primary Symbol: T.IFC Alternate Symbol(s): T.IFC.P.A | T.IFC.P.C | T.IFC.P.E | T.IFC.P.F | T.IFC.P.G | T.IFC.P.I | IFTPF | T.IFC.P.K | IFCZF | INFFF

Financial Services Insurance - Property & Casualty

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.

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Intact Financial Corp

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Post by retiredcfon May 13, 2021 8:46am

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Post# 33190211

Desjardins Upgrade

Desjardins Securities analyst Doug Young increased his Intact Financial Corp. target to $185 from $180 with a “buy” rating.

“The outperformance was mainly driven by higher favourable prior-year reserve developments (PYRD). From a divisional perspective, the Canadian businesses outperformed our expectations, offset by a miss in the U.S.. The RSA acquisition is on track,” he said.

“We like IFC’s high-quality management team, the RSA acquisition and the outlook for the P&C insurance sector over the next year.”

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