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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

Comment by tbnorthstaron Mar 10, 2021 1:25pm
186 Views
Post# 32763828

RE:Analyst Recommendation

RE:Analyst Recommendation
retiredcf wrote: https://www.bnnbloomberg.ca/video/michael-sprung-discusses-intact-financial~2156825

BUY
 
Intact Financial
(IFC-T)
March 9, 2021
 
Very well run company, but would consider it if the price were 15% lower. You can buy this and do well over several years. Happy to recommend it. Their combined ratio has always been on the positive side.
 
INSURANCE
Michael Sprung 
 
Price
$154.230
Owned
No


I suspect Michael has never been an owner of IFC, but that is just a guess on my part. I will gladly add to my position sub 140 dollars. Great growth story, watch for a dividend raise - again - as early as this fall, dependent on their progress on the debt side of things (which isn't terrible by any means) after taking on the big acquisition.

Owned IFC for years and years and intend to only increase my position over time.
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