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Bullboard - Stock Discussion Forum Intact Financial Corp T.IFC.PR.G


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 | IFTPF | IFZZF | T.IFC.PR.I | T.IFC.PR.K

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... see more

TSX:IFC - Post Discussion

Intact Financial Corp > Market Movers
View:
Post by retiredcf on May 11, 2022 12:10pm

Market Movers

Intact Financial Corp.  was narrowly higher after saying its net income fell in the first quarter compared with a year ago while its revenues rose.

The insurer says it had a net income of $447-million for the quarter ending March 31, compared with $514-million for the same quarter last year.

Earnings came in at $2.53 per share, down from $3.51 per share last year.

Net operating income per share, however, was up 13 per cent to $2.70 compared with the $2.40 per share in the same quarter last year.

Revenues totalled $5.3-billion for the quarter, up from $3.05 billion in the first quarter last year.

Analysts had expected revenue of $4.86-billion and net income of $397.6-million, according to financial markets data firm Refinitiv.

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