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Intact Financial Corp INFFF


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

Intact Financial Corporation is a Canada-based company, which is a provider of property and casualty insurance. Its Canada segment is engaged in underwriting of automobile, home and business insurance contracts to individuals and businesses in Canada distributed through a network of brokers and directly to consumers. Its UK & International segment is engaged in underwriting of automobile, home, pet and business insurance contracts to businesses in the United Kingdom, Europe, and Ireland as well as internationally. It distributes insurance through a network of affinity partners and brokers, or directly to consumers. Its US segment is engaged in underwriting of speciality contracts, mainly to small to medium-sized businesses in the United States. It distributes insurance through independent agencies, brokers, wholesalers and managing general agencies. It also offers an app-based service that connects homeowners with local service professionals to provide various home maintenance tasks.


TSX:IFC - Post by User

Post by tbnorthstaron Feb 10, 2021 4:21pm
344 Views
Post# 32528986

Excellent quarter

Excellent quarterWhat can I say, Intact Financial knocked it out of the park with their latest results. Caught completely off guard by the lack of a dividend raise but from what I can gather, the present regulatory enviornment is frowning on any and all financial institutions raising dividends/share buybacks, in fact the banks have been told no, in no uncertain terms. Intact indicated they will look to bump up the dividend later on in the year, which to me means in the 3rd quarter at the latest. They have ample room based on their numbers to do a 7-10% raise. Stock is a buy on any real weakness in the upcoming months. The market will start to price in the merger fairly soon and IFC's numbers will only get better.
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