Intact Financial Corporation reports Q1-2025 results
May 6, 2025
TORONTO, May 6, 2025 /CNW/ -
Highlights
Operating DPW1,2 grew 3%, attributable to continued momentum in Personal lines
Combined ratio1 was solid at 91.3%, remaining stable year-over-year despite 2.5 points of higher catastrophe losses
Net operating income per share1 increased 10% to $4.01 driven by solid underwriting results, as well as investment and distribution income increasing 9% and 17%, respectively
BVPS1 increased 4% sequentially and 13% year-over-year to $96.16, with solid EPS of $3.69 in the quarter
Operating ROE1 of 16.5% (ROE1 of 13.7%) with a strong and resilient balance sheet, including $3.1 billion of total capital margin1
Charles Brindamour, Chief Executive Officer, said:
"We had a strong start to 2025 across our business, with a solid underwriting performance and double-digit NOIPS growth. In the context of economic uncertainties, our organization is highly resilient and well-positioned to succeed. This is demonstrated through an operating ROE of 16.5% and book value per share growth of 13% year-over-year. We are on track to continue achieving our financial objectives to exceed the industry ROE by 500 basis points and grow NOIPS 10% annually over time, while also delivering on our promise to our customers, brokers, employees."
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