Intact Financial Corp. (IFC.TO) posts a third-quarter net loss of C$8.0 million or C$0.07 per share, compared to net income of C$57.3 million or C$0.47 per share, for the same period last year, primarily reflecting lower underwriting results, the impact of market yield effect and a non-cash accounting loss related to the increase in value of its preferred shares portfolio.
Net operating income for the quarter was C$21.6 million or C$0.18 per share, down from C$106.4 million or C$0.88 per share in the corresponding quarter last year.
Total revenues for the quarter were C$1.116 billion, compared to C$1.046 billion in the year ago quarter.
Intact Financial declared a quarterly dividend of C$0.32 per share on its outstanding common shares. The dividend will be payable on December 31, 2009 to shareholders of record on December 14, 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.