Intact Financial Corp T.IFC.P.G

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

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.

TSX:IFC - Post by User

Intact Financial Corp

<< Previous

Bullboard Posts

Next >>

Post by Possibleidiot01on Dec 11, 2023 5:31pm

235 Views

Post# 35778785

Trevor Rose's Insights -BUY

BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

IFC is the industry-leading property and casualty insurer in Canada and it has held a strong lead for many years. Its main competitors include DFY, TRV, FFH, GWO, SLF, and a few other private insurers.

IFC has demonstrated the highest annual returns against these names over both a five and 10-year timeframe. IFC holds the highest market share in Canada for P&C, representing around 17% market share as of 2022. IFC trades at a relatively higher valuation compared to its peers, although, we feel this is justified given its industry-leading position and quality fundamentals. Its main segments include Canadian P&C insurance (69% of sales), UK and international (21% of sales), and specialty lines within the US (10% of sales).

IFC has decided to sell the UK direct personal lines operations (RSA's assets). This move allows RSA to focus on becoming a leading UK commercial and specialty lines player, which we feel is a smart strategic move. Commercial and specialty lines is a more lucrative line of business, and we feel IFC has made the right move. The stock has recovered from the initial news, and continues to demonstrate its quality management team.
Unlock Premium - Try 5i Free

<< Previous

Bullboard Posts

Next >>

Hempalta acquires controlling interest in Hemp Carbon Standard