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Intact Financial Corp T.IFC

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

Intact Financial Corporation is a Canada-based provider of property and casualty insurance in Canada. The Company’s segments include Canada, UK & International, and US. The 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. The 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 through the Company’s global network. The Company distributes insurance through a wide network of affinity partners and brokers or directly to consumers. The US segment is engaged in underwriting of specialty contracts mainly to small to medium-sized businesses in the United States. The Company distributes insurance through independent agencies, brokers, wholesalers and managing general agencies.


TSX:IFC - Post by User

Post by tbnorthstaron Feb 10, 2021 4:21pm
294 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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