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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.