Intact Financial Corporation (T:IFC*CA)

Business Focus: Property & Casualty Insurance (NEC)

Sector:  Financials Industry:  Property & Casualty Insurance
 
Company Contact
Address: 700 UNIVERSITY AVENUE
SUITE 1500-A (LEGAL)
TORONTO ON M5G 0A1
Tel: N/A
Website: https://www.intactfc.com
IR: See website
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Key People
Charles J.G. Brindamour
Chief Executive Officer, Director 		Frederic Cotnoir
Executive Vice President, Chief Legal Officer, Secretary 		Louis Marcotte
Chief Financial Officer, Executive Vice President
Anne Fortin
President - Intact Insurance 		Louis Gagnon
Chief Executive Officer, Canada 		Timothy Michael Miller
Chief Executive Officer - Global Specialty Lines
Ken Norgrove
Chief Executive Officer, UK & International 		Patrick Barbeau
Chief Operating Officer, Executive Vice President 		Carla Smith
Executive Vice President, Chief Human Resources Strategy and Climate Officer
Benoit Morissette
Executive Vice President, Chief Risk and Actuarial Officer 		   
Business Overview
Intact Financial Corporation is a Canada-based company, which provides property and casualty (P&C) insurance. The Company's segment includes Canada, US and UK & International. The Canada segment is engaged in the underwriting of automobile, home and business insurance contracts to individuals and businesses in Canada distributed through a network of brokers and directly consumers. The UK & International segment is engaged in underwriting of automobile, home, pet and business insurance contracts to individuals and businesses in the United Kingdom, Europe, Ireland and Middle East, as well as internationally. The Company distributes insurance through a network of affinity partners and brokers or directly to consumers. The US segment is engaged in the underwriting of specialty contracts mainly to small and midsize businesses in the United States. In Canada, the Company distributes insurance under the Intact Insurance brand through a network of brokers.
Financial Overview
For the fiscal year ended 31 December 2023, Intact Financial Corporation revenues decreased 3% to C$25.69B. Net income applicable to common stockholders decreased 49% to C$1.23B. Revenues reflect Corporate segment decrease of 50% to C$8M, United Kingdom segment decrease of 8% to C$7.67B. Net income also reflects Expense Ratio -%- P&C UK & I increase of 8% to 35.2%, Loss Ratio -%- P&C UK & I decrease of 8% to 59.1%.
Employees: 28,500 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $47,265M as of Dec 31, 2023
Annual revenue (TTM): $25,690M as of Dec 31, 2023
EBITDA (TTM): $3,753M as of Dec 31, 2023
Net annual income (TTM): $1,232M as of Dec 31, 2023
Free cash flow (TTM): $526.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: $4,570M as of Dec 31, 2023
Shares outstanding: 178,404,889 as of Mar 13, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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