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Bullboard - Stock Discussion Forum 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

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... see more

TSX:IFC - Post Discussion

Intact Financial Corp > Market Movers
View:
Post by retiredcf on May 11, 2022 12:10pm

Market Movers

Intact Financial Corp.  was narrowly higher after saying its net income fell in the first quarter compared with a year ago while its revenues rose.

The insurer says it had a net income of $447-million for the quarter ending March 31, compared with $514-million for the same quarter last year.

Earnings came in at $2.53 per share, down from $3.51 per share last year.

Net operating income per share, however, was up 13 per cent to $2.70 compared with the $2.40 per share in the same quarter last year.

Revenues totalled $5.3-billion for the quarter, up from $3.05 billion in the first quarter last year.

Analysts had expected revenue of $4.86-billion and net income of $397.6-million, according to financial markets data firm Refinitiv.

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