Intact Financial Corporation (IFC.TO) reported solid first-quarter results, driven by higher investment income and steady underwriting performance.
Net operating income attributable to common shareholders rose to C$770 million or C$4.33 per share from C$717 million or C$4.01 per share last year.
Net income increased to C$752 million or C$4.12 per share from C$676 million or C$3.69 per share a year earlier.
Operating direct premiums written (DPW) grew 4% to C$5.602 billion from C$5.364 billion last year.
Underwriting income rose 4% to C$504 million from C$485 million, while operating net investment income increased 10% to C$457 million from C$415 million.
The combined ratio remained stable at 91.3%.
Additionally, the company's Board has approved a quarterly dividend of C$1.47 per share, payable on June 30, 2026 to shareholders of record on June 16.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.