Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Intact Financial Corp IFZZF


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

Financial Services Insurance - Property & Casualty
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

Intact Financial Corp > RBC
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(6141)
•••
Post by retiredcfon Apr 04, 2022 9:03am
260 Views
Post# 34572458

RBC

RBC

April 4, 2022

Intact Financial Corporation 
Sale of RSA Middle East announced

Sentiment: Neutral.

Outperform

TSX: IFC; CAD 184.67

Price Target CAD 216.00

Our view: While this sale is not material to Intact, the announcement is consistent with our investment thesis in that we have long viewed monetization(s) and/or an asset swap as part of Intact's game plan for creating value from its acquisition of RSA. We still believe that further monetization(s) and/or an asset swap could occur, which would be a positive catalyst for the stock. Intact remains our #1 best idea reflecting positive fundamentals, potential catalysts, very defensive attributes and attractive valuation.

Summary: Intact announced the sale of its 50.00002% shareholding in RSA Middle East B.S.C.(c) to National Life & General Insurance Company, which is majority owned by Oman International Development and Investment Co. SAOG (OMINVEST), subject to regulatory approvals. The transaction is expected to close by the end of Q3/22.


<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities