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Last C$90.51 CAD
Change Today -0.54 / -0.59%
Volume 627.6K
IFC On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Berlin
As of 4:30 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

intact financial corp (IFC) Snapshot

Open
C$90.34
Previous Close
C$91.05
Day High
C$91.06
Day Low
C$89.96
52 Week High
03/31/15 - C$95.90
52 Week Low
09/12/14 - C$70.30
Market Cap
11.9B
Average Volume 10 Days
380.0K
EPS TTM
C$7.80
Shares Outstanding
131.5M
EX-Date
09/11/15
P/E TM
11.6x
Dividend
C$2.12
Dividend Yield
2.23%
Current Stock Chart for INTACT FINANCIAL CORP (IFC)

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intact financial corp (IFC) Details

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products for individuals and businesses primarily in Canada. It principally underwrites automobile, home, and commercial property and casualty insurance contracts. The company distributes its products under the Intact Insurance brand through a network of insurance brokers; and directly to consumers through the belairdirect brand name. The company was formerly known as ING Canada Inc. and changed its name to Intact Financial Corporation in 2009. Intact Financial Corporation was founded in 1809 and is based in Toronto, Canada.

11,326 Employees
Last Reported Date: 02/4/15
Founded in 1809

intact financial corp (IFC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$869.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$299.7K
President of Intact Insurance Company
Total Annual Compensation: C$599.8K
President of Service & Distribution
Total Annual Compensation: C$574.7K
Executive Vice President of Governance & Capi...
Total Annual Compensation: C$549.7K
Compensation as of Fiscal Year 2014.

intact financial corp (IFC) Key Developments

Intact Financial Corporation Declares Quarterly Dividend Common, Class A Series 1 and Class A Series 3 Preferred Shares, Payable on September 30, 2015; Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Fiscal 2015

The Board of Directors of Intact Financial Corporation declared a quarterly dividend of 53 cents per share on the company's outstanding common shares. The board also declared a quarterly dividend of 26.25 cents per share on the company's Class A Series 1 and Class A Series 3 preferred shares. The dividends are payable on September 30, 2015 to shareholders of record on September 15, 2015. The company announced consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported net operating income for the quarter ended June 30, 2015 of $210 million, up $4 million compared to $206 million for the corresponding quarter of last year. On a per share basis, net operating income increased to $1.56 against $1.65 a year ago. The success of profitability initiatives supported by firmer market conditions and favorable prior year claims development led to improved underwriting results, despite the prolonged winter conditions in Atlantic Canada. Net income of $199 million declined this quarter compared to $215 million a year ago, as improved net operating income was offset by lower capital market returns and a higher effective tax rate than a year ago. Basic and diluted earnings per share were $1.47 against $1.6 a year ago. Adjusted basic and diluted earnings per share were $1.56 against $1.65 a year ago. The operating ROE for the last 12 months was 16.8% against 11.6% a year ago, while maintaining $564 million in excess capital at quarter end, following the all-cash acquisition of CDI in early May 2015. ROE for the last 12 months was 15.4% against 11.1% a year ago. Adjusted ROE for the last 12 months was 16.1% against 11.9% a year ago. Book value per share was $39.23 against $36.29 a year ago. Net operating income for the first six months of the year was $396 million, up 18% from $335 million for the same period last year. On a per share basis, net operating income increased 19% to $2.93 from $2.47 a year ago. Net income was $377 million compared to $375 million the year before and earnings per basic and diluted share increased 1% to $2.79 from $2.77. Adjusted basic and diluted earnings per share were $2.94 against $2.89 a year ago. The company expects that industry premiums will grow at a low single-digit rate. Overall, the industry's ROE is expected to trend back toward its long-term average of 10% in 2015.

Intact Financial Corporation Declares Quarterly Dividend on its Common Shares and Class A Series 1 and Class A Series 3 Preferred Shares, Payable on June 30, 2015

The board of directors of Intact Financial Corporation declared a quarterly dividend of 53 cents per share on the company's outstanding common shares. The board also declared a quarterly dividend of 26.25 cents per share on the company's Class A Series 1 and Class A Series 3 preferred shares. The dividends are payable on June 30, 2015 to shareholders of record on June 15, 2015.

Intact Financial Corporation Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

Intact Financial Corporation reported consolidated earnings results for the first quarter ended March 31, 2015. The company reported net operating income for the quarter ended March 31, 2015 of $186 million, up $57 million compared to $129 million for the corresponding quarter of last year. On a per share basis, net operating income increased 46% to $1.37 from $0.94 a year ago. The improvement reflects a $64 million reduction in catastrophe losses and the success of the company’s profitability initiatives, offset in part by a repeat of severe winter conditions in Q1-2015, resulting in a combined ratio of 93.4%, 3.7% points better than the same quarter last year. Net income amounted to $178 million compared to $160 million for the same period last year. Adjusted earnings per share of $1.38 compared to $1.23 in the first quarter of 2014. Direct premiums written grew 3% on an underlying basis to $1.6 billion. Earnings per basic and diluted share were $1.32 compared to $1.17 a year ago. Adjusted earnings per basic and diluted share were $1.38 compared to $1.23 a year ago. Book value per share was $38.95 compared to $34.80 a year ago. The company provided earnings guidance for the full year of 2015. The company expects that industry premiums will grow at a low single-digit rate. In personal property, the current hard market conditions should continue as the magnitude of catastrophe losses in recent years weighs on industry results. The company expects that future reductions in Ontario auto premiums will be commensurate with government cost reduction measures. In commercial lines, continued low interest rates and limited underwriting profitability at the industry level have translated into firmer conditions. Overall, the industry's ROE is expected to trend back toward its long-term average of 10% in 2015.

 

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Industry Analysis

IFC

Industry Average

Valuation IFC Industry Range
Price/Earnings 14.9x
Price/Sales 1.4x
Price/Book 2.2x
Price/Cash Flow 14.5x
TEV/Sales 1.2x
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