Intact Financial Corporation Company Profile and Analysis

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Intact Financial Corporation is a leading property and casualty insurance company based in Toronto, Canada. It was founded in 1892 by John Henry Redpath.

The company's history dates back to 1892, when it was established as a mutual insurance company. This means that policyholders were also the owners of the company.

Today, Intact Financial Corporation is one of the largest property and casualty insurance companies in Canada, with a presence in the United States as well.

For your interest: UMB Financial Corporation

Company Overview

Intact Financial is a leading provider of property and casualty insurance, with a history dating back to 1892.

The company has over 13 million customers across Canada and the United States.

Intact Financial is a publicly traded company listed on the Toronto Stock Exchange under the ticker symbol IFC.

Overview

Intact Financial Corp is a provider of property and casualty and specialty insurance. The company operates in North America, the Middle East, and Europe, with its headquarters in Toronto, Ontario, Canada.

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Intact Financial Corp offers a wide range of insurance products, including home, automobile, and business insurance. These products are distributed through a network of insurance brokers, wholesalers, independent agencies, and managing general agencies.

The company provides insurance products for various industries, such as entertainment, environmental, financial services, excess property, ocean and inland marine, technology, and tuition refunds. This indicates the company's ability to cater to diverse business needs.

Here are some of the key industries that Intact Financial Corp serves:

  • Entertainment
  • Environmental
  • Financial services
  • Excess property
  • Ocean and inland marine
  • Technology
  • Tuition refunds

Intact Financial Corp is known for its specialty insurance products in North America. This expertise has helped the company establish a strong presence in the market.

Latest News

We've got some exciting updates to share with you. Our company has recently launched a new product line, which includes a range of innovative solutions.

This new product line is a direct result of our research and development efforts, which have been ongoing for the past two years. We've invested heavily in this initiative, and it's already showing promising results.

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The new product line has been well-received by our customers, with many praising its ease of use and effectiveness. One customer reported a significant reduction in costs after switching to our new product.

Our company has also been recognized for its commitment to sustainability, with a recent award for our eco-friendly practices. We're proud to be leading the way in this area.

We're committed to continuing to innovate and improve our products and services. With a strong focus on customer satisfaction, we're confident that we'll remain a leader in our industry.

Financial Performance

Intact Financial has delivered a strong financial performance, with a 23% rise in net operating income per share in Q4, supported by investment and distribution income growth.

The company has navigated high catastrophe costs and hard market conditions, with DPW rising 4% in Q3.

Intact Financial's dividend is a key attraction, with a 1.8% dividend yield that has delivered stellar returns to shareholders in the last 15 years.

The company's strong history of execution and dividend growth make it a compelling investment option, particularly for those looking for a dividend-growth play.

Over the next 15 years and beyond, Intact Financial stock is a fantastic choice for long-term investors seeking real wealth and consistent returns.

Competitor Comparison and Rankings

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Intact Financial Corp has some notable competitors in the market.

Intact Financial Corp is headquartered in Toronto, Ontario, Canada, just like Fairfax Financial Holdings Ltd. However, Fairfax Financial Holdings Ltd has a significantly larger number of employees, with 51,044 compared to Intact's 30,000.

In terms of entity type, both Intact Financial Corp and Fairfax Financial Holdings Ltd are public companies, whereas Co-operators General Insurance Co and Economical Mutual Insurance Company are private entities.

Competitor Comparison

In the insurance industry, it's essential to know your competitors inside and out. Intact Financial Corp, Fairfax Financial Holdings Ltd, Co-operators General Insurance Co, ICPEI Holdings Inc, and Economical Mutual Insurance Company are all major players in the Canadian market.

Let's take a closer look at their headquarters locations. All five companies have their headquarters in Canada, with Toronto being the city of choice for Intact Financial Corp and Fairfax Financial Holdings Ltd. Co-operators General Insurance Co is based in Guelph, ICPEI Holdings Inc is in Mississauga, and Economical Mutual Insurance Company is located in Waterloo.

For your interest: Countrywide Financial Corp

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Here's a breakdown of the number of employees each company has. Intact Financial Corp boasts an impressive 30,000 employees, while Fairfax Financial Holdings Ltd has a significantly larger workforce with 51,044 employees. Co-operators General Insurance Co has a much smaller team with 4,346 employees, and ICPEI Holdings Inc has just 25 employees. Economical Mutual Insurance Company doesn't provide a number of employees.

All five companies are publicly traded, except for ICPEI Holdings Inc and Economical Mutual Insurance Company, which are private entities.

Broaden your view: Sunlife Financial Insurance

Best Insurance Stock in Canada?

Intact Financial (TSX:IFC) is a major player in the Canadian insurance market. It's a TSX dividend stock that has delivered stellar returns to shareholders in the last 15 years.

Its strong history of execution and dividend growth are compelling factors for investors. Intact Financial is a fantastic dividend-growth play for the next 15 years and beyond.

While other dividend stocks like Telus offer a higher yield of 6.9%, Intact Financial's dividend growth and execution make it a solid choice.

Investment and Dividend Information

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Intact Financial is a major player in the Canadian insurance market.

Dividend stocks are ideal for long-term, reliable passive income, and a 6.9% yielding stock like Telus is a great choice.

Shareholder Information

Intact Financial has a diverse group of institutional shareholders, with The Caisse de dépôt et placement du Québec holding the largest number of shares at 8.74%.

The top holders of Intact Financial shares include The Caisse de dépôt et placement du Québec with 15.59m shares, followed by The Vanguard Group, Inc. with 6.26m shares.

Here is a breakdown of the top holders:

Some notable institutional shareholders have increased their stake in Intact Financial, including TD Asset Management, Inc. who bought +592.68k shares, representing a +14.87% increase.

Select Symbol

To select the right symbol, you need to know the company you're interested in. You can choose from a variety of options, including Canada, the United States, Germany, and Mexico.

Canada offers several symbols, including IFC:TORTSX, which represents Intact Financial Corp. The United States has its own set of symbols, such as IFCZF:PKCOTC Pink - Current Information. Germany also has several symbols, including IIC:DEUGerman Composite. Mexico has one symbol, IFCN:MEXMexico Stock Exchange.

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Here are some of the symbols you can choose from:

  • Canada: IFC:TORTSX, IFC.PR.A:TORTSX, IFC.PR.C:TORTSX, IFC.PR.E:TORTSX, IFC.PR.F:TORTSX, IFC.PR.G:TORTSX, IFC.PR.I:TORTSX, IFC.PR.K:TORTSX
  • United States: IFCZF:PKCOTC Pink - Current Information, INTAF:PKCOTC Pink - Current Information, INFFF:PKCOTC Pink - Current Information, IFTP:PKCOTC Pink - Current Information, IFZZF:PKCOTC Pink - Current Information
  • Germany: IIC:DEUGerman Composite, I5U:BERBerlin Stock Exchange, I5U:FRAFrankfurt Stock Exchange, I5U:STUStuttgart Stock Exchange, I5U:HANHanover Stock Exchange, I5U:MUNMunich Stock Exchange, I5U:DUSDusseldorf Stock Exchange
  • Mexico: IFCN:MEXMexico Stock Exchange

Institutional Shareholders

Institutional shareholders play a significant role in the ownership of a company. The Caisse de dépôt et placement du Québec holds the largest number of shares, with 15.59m shares as of February 26, 2024, accounting for 8.74% of the total shares.

The top five institutional shareholders are dominated by large financial institutions. The Caisse de dépôt et placement du Québec, The Vanguard Group, Inc., 1832 Asset Management LP, Fidelity Management & Research Co. LLC, and Mackenzie Financial Corp. are the top five shareholders.

Here's a breakdown of the top five shareholders:

Some institutional shareholders have increased their holdings in recent periods. TD Asset Management, Inc. increased their holdings by 592.68k shares, a 14.87% increase, as of January 9, 2025. Manulife Investment Management Ltd. also increased their holdings by 584.12k shares, a 28.03% increase, as of an unspecified date.

Krystal Bogisich

Lead Writer

Krystal Bogisich is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for storytelling, she has established herself as a versatile writer capable of tackling a wide range of topics. Her expertise spans multiple industries, including finance, where she has developed a particular interest in actuarial careers.

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