News Releases
News & Insights
News Release
July 27, 2021

(in Canadian dollars except as otherwise noted)

Highlights

  • Net operating income per share up 39% to $3.26 driven by strong underwriting performance and distribution results
  • Premiums grew 29%, bolstered by the RSA acquisition and strength in Commercial Lines in both Canada and the U.S.
  • Combined ratio of 86.7% included Canada at 85.0% and the U.S. at 90.3%, and was driven by strong underlying performance across all lines
  • BVPS up 25% from Q1-2021, driven by the RSA financing and strong EPS of $3.59 for the quarter
  • OROE of 19.8% and robust financial position with $2.6 billion of total capital margin and debt-to-total capital of 24.1%
  • RSA acquisition closed on June 1 and was immediately high single-digit accretive to net operating income per share
Read More
News Release
June 1, 2021

TORONTO, June 1, 2021 /CNW/ -

Building a Leading P&C Insurer

  • Expands our leadership position in Canada with a broader customer offering
  • Bolsters our leading specialty lines platform and brings international expertise
  • Entry into the U.K. and Ireland at scale with a strong and seasoned team
  • Increases investment in our core capabilities to strengthen our outperformance
  • High single digit NOIPS accretion expected in the first 12 months, increasing to upper teens within 36 months
  • Maintaining mid-teens OROE target and BVPS to increase by over 20% at close
  • Strong total capital margin at over $2 billion following close and debt-to-capital ratio expected to reach 20% within 36 months
Read More
News Release
May 21, 2021

TORONTO, May 20, 2021 /CNW/ - Intact Financial Corporation (TSX: IFC) today announced its new Operating Committee in anticipation of closing of the acquisition of RSA Insurance Group plc (the "Acquisition"). These appointments will be effective upon completion of the Acquisition, which is expected on June 1, 2021.

Read More
News Release
May 11, 2021

Highlights

  • Net operating income per share up 49% to $2.40 and OROE of 19.0%, driven by strong underwriting performance and distribution results
  • Premiums grew 1% impacted by an additional $75 million of COVID-19 related relief for personal auto customers
  • Combined ratio of 89.3% was strong, with Canada at 88.2% and the U.S. at 96.3%, which included 7.6 points of weather-related catastrophe losses in the U.S.
  • EPS of $3.51 for the quarter and BVPS up 20% year-over-year to $62.19, driven by strong operating results and investment gains
  • Integration and transition planning with the RSA team is progressing well; all financing is secured, and closing is expected on June 1, 2021
Read More
News Release
Intact Insurance MGA announces leadership appointment
May 5, 2021

Plymouth, Minn., May 5, 2021 -- Lee Barther has joined International Bond & Marine Brokerage, Ltd. ("IB&M"), a market-leading brokerage providing risk management solutions to the international trade industry, as Vice President of Operations. IB&M was acquired by Intact Insurance Specialty Solutions, a brand of Intact Financial Corporation (TSX: IFC), in September 2020. In this role, Barther will report to James Reiss, President of IB&M.

Read More
News Release
February 9, 2021

Highlights

  • Net operating income per share of $3.18 in Q4-2020 and OROE of 18.4%, driven by strong underwriting performance and distribution results
  • Premiums grew 8% in the quarter and 9% for the full year with solid growth in all lines and The Guarantee Company of North America ("The Guarantee") acquisition
  • Combined ratio of 85.6% in Q4-2020 included $74 million of CAT losses, with $23 million related to the COVID-19 crisis
  • Our COVID-19 related relief has helped more than 1.2 million customers, with $530 million of support provided in 2020
  • Full year EPS of $7.20 and BVPS up 9% in 2020 to $58.79
  • RSA acquisition is progressing well and on track for Q2-2021 closing
Read More
News Release
February 1, 2021

TORONTO, Feb. 1, 2021 /CNW/ - Intact Financial Corporation (TSX: IFC) today announced the appointment of Carolyn A. Wilkins to its Board of Directors.

Ms. Wilkins had a distinguished twenty-year career at the Bank of Canada, serving as Senior Deputy Governor for the last six and a half years, overseeing strategic planning and economic and financial research. She was a member of the Bank's Governing Council and served as a member of the Bank's Board of Directors.

Read More
News Release
January 5, 2021

PLYMOUTH, Minn. January 5, 2021 /CNW/ - Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (TSX: IFC) U.S. insurance company subsidiaries, announced that Melissa Goto has been appointed to lead its Technology business across North America, reporting to Senior Vice President Jeff Richardson. Goto succeeds Mary Fisk-Bieker, who was recently named as the company’s Head of Enterprise Underwriting.

Read More
News Release
New program manager provides end-to-end cyberrisk management services
November 11, 2020

 

PLYMOUTH, Minn., Nov. 11, 2020 /PRNewswire/ -- Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation's (TSX: IFC) U.S. insurance company subsidiaries, announced today its new cyber insurance solutions delivered in partnership with program manager Resilience Insurance. By innovatively blending Resilience's cyber analytics technology with Intact's risk transfer capabilities, the companies are enhancing the breadth of risk mitigation available to the cyber insurance market. 

 

Read More
News Release
Intact Insurance MGA announces executive leadership appointment
November 9, 2020

Plymouth, Minn. November 9, 2020 -- James Reiss has been appointed President of International Bond & Marine Brokerage, Ltd. ("IB&M"), a market-leading brokerage providing risk management solutions to the international trade industry, which was recently acquired by Intact Insurance Specialty Solutions, a brand of Intact Financial Corporation (TSX: IFC). Reiss will now report to Peter Weightman, Senior Vice President and Chief Underwriting Officer, Specialty Solutions, North America.

Read More