Latest Intact Finl Corp (IFCZF) Headlines Int
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Posted On: 03/10/2014 5:39:08 AM
Latest Intact Finl Corp (IFCZF) Headlines
Intact Financial Corporation to acquire Metro General Insurance Corporation Limited
CNW Group - Fri Feb 21, 8:00AM CST
Intact Financial Corporation (TSX: IFC) announced today that it has signed a definitive share purchase agreement for the acquisition of Newfoundland and Labrador-based Metro General Insurance Corporation Limited. The transaction, whose terms were not disclosed, is expected to close later this year upon receipt of the appropriate regulatory approvals.
Intact Financial Corporation reports fourth quarter and year-end results
CNW Group - Wed Feb 05, 5:55AM CST
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended December 31, 2013 of $143 million, down $51 million compared to the corresponding quarter of last year. On a per share basis, net operating income decreased by $0.37 to $1.05. The decrease reflects mainly the impact of severe winter weather conditions, including the December ice storm in Ontario and Québec, which led to a combined ratio of 96.3%. The decline in net operating income led to net income of $107 million compared to $177 million for the same period last year. Adjusted earnings per share, which excludes integration-related costs, was $0.88 compared to $1.49 for the fourth quarter of 2012. Direct premiums written increased 1% to $1.7 billion.
Media Advisory - Intact Financial Corporation to release 2013 fourth quarter and year-end results on February 5
CNW Group - Wed Jan 29, 6:00AM CST
Intact Financial Corporation (TSX: IFC) will announce its 2013 fourth quarter and year-end results on Wednesday, February 5 at approximately 7:00 a.m. ET and host a conference call for analysts and investors at 11:00 a.m. ET the same day.
Intact Financial picks Guidewire billing system
M2 - Tue Dec 17, 8:05AM CST
Intact Financial Corp. (TSX: IFC) said it has selected Guidewire Software, Inc.'s (NYSE: GWRE) BillingCenter to manage its billing operations.
Intact Financial Corporation Selects Guidewire System for Billing
Business Wire - Mon Dec 16, 8:07AM CST
Intact Financial Corporation (TSX:IFC), Canada's largest provider of home, auto and business insurance, and Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to Property/Casualty insurers, today announced that Intact has selected Guidewire BillingCenter(R) to manage its billing operations. By standardizing its billing operations with BillingCenter, Intact will improve its business processes, increase flexibility for new billing and payment plans, lower IT costs, and deliver an improved customer experience.
Home and auto insurance to be made available to Sun Life Financial customers in Canada through belairdirect
CNW Group - Wed Nov 27, 6:00AM CST
Sun Life Assurance Company of Canada and Intact Financial Corporation announced today a referral arrangement to provide Sun Life's customers in Canada with access to belairdirect's home and auto insurance offerings through their websites and call centres.
Intact Financial Corporation announces Executive Appointments
CNW Group - Fri Nov 15, 8:00AM CST
Charles Brindamour, Chief Executive Officer of Intact Financial Corporation (TSX: IFC) today announced a number of changes to the roles and responsibilities of members of the company's Executive Committee.
Intact Insurance and belairdirect to offer an auto insurance discount to Quebec drivers based on driving behaviours
CNW Group - Wed Nov 06, 5:56AM CST
Intact Financial Corporation (TSX : IFC) announced today that its affiliates Intact Insurance and belairdirect will launch a telematics-based solution that will allow eligible good drivers in Quebec to save up to 25% on their annual auto insurance premiums based on driving behaviours, in the weeks to come. Similar programs are expected to be rolled out in other jurisdictions in the coming months.
Intact Financial Corporation reports third quarter results
CNW Group - Wed Nov 06, 5:55AM CST
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended September 30, 2013 of $59 million, down $63 million compared to the corresponding quarter of last year. On a per share basis, net operating income decreased by $0.48 to $0.41. The decrease reflects the impact of unprecedented pre-tax catastrophe losses of $273 million net of reinsurance (an after-tax loss of $201 million or $1.52 per share). The catastrophe losses incurred during the quarter resulted from major rain and hail storms in Quebec, Ontario and Alberta as well as the Lac-Mégantic tragedy. The decline in net operating income led to net income of $47 million compared to $92 million for the same period last year. Adjusted earnings per share, which excludes integration-related costs, was $0.39 compared to $0.90. Improved current year results in personal property and higher favourable prior year claims development were outweighed by significantly higher catastrophe losses for an overall combined ratio of 102.8%. Direct premiums written increased 6% to $1.9 billion, reflecting primarily the addition of Jevco's product suite.
Media Advisory - Intact Financial Corporation to release 2013 third quarter results on November 6
CNW Group - Wed Oct 30, 6:00AM CDT
Intact Financial Corporation (TSX: IFC) will announce its 2013 third quarter results on Wednesday, November 6 at approximately 7:00 a.m. ET and host a conference call for analysts and investors at 11:00 a.m. ET the same day.
Intact Financial Corporation Reports Second Quarter Results
CNW Group - Wed Jul 31, 5:55AM CDT
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended June 30, 2013 of $123 million, down $57 million compared to the corresponding quarter of last year. On a per share basis, net operating income decreased by $0.46 to $0.89. The decrease reflects a pre-tax loss of $143 million net of reinsurance (an after-tax loss of $105 million or $0.79 per share) incurred as a result of the storms and flooding in Alberta. Net income was $103 million compared to $129 million for the same period last year and adjusted earnings per share, which excludes integration-related costs, was $0.81 compared to $1.08. Solid underlying results in auto were outweighed by higher catastrophe losses and less favourable current year results for an overall combined ratio of 97.5%. The change in current year results was largely due to increased claims severity in the commercial P&C and personal auto lines of business. Direct premiums written increased 10% to $2.2 billion, reflecting the addition of Jevco and solid organic growth.
Media Advisory - Intact Financial Corporation to release 2013 second quarter results on July 31
CNW Group - Wed Jul 24, 6:00AM CDT
Intact Financial Corporation (TSX: IFC) will announce its 2013 second quarter results on Wednesday, July 31 at approximately 7:00 a.m. ET and host a conference call for analysts and investors at 11:00 a.m. ET the same day.
Intact Financial Corporation releases estimates of the financial impact from recent catastrophic events
CNW Group - Mon Jul 22, 6:09AM CDT
Intact Financial Corporation (TSX: IFC) announced today that it has been helping approximately 16,000 customers get back on track following the Alberta flooding, Lac-Mégantic train derailment, Greater Toronto Area rain storm and early July hail storms.
AXA ART Insurance Corporation Establishes Canadian Branch
Marketwire - Thu Jun 13, 10:01AM CDT
AXA ART Insurance Corporation today announced that its application to establish a Canadian Branch has received federal regulatory approval, the Order to Insure in Canada Risks, from the Office of the Superintendent of Financial Institutions Canada. The company will now proceed to apply for provincial licensing throughout Canada. The existing business continuation agreement in place with Intact Financial Corporation will continue until the provincial licensing process is complete. Thereafter, AXA ART's full-service Canadian branch will be headquartered in Toronto, Ontario.
Intact Financial Corporation receives TSX approval for normal course issuer bid
CNW Group - Wed May 08, 4:00PM CDT
Intact Financial Corporation (TSX: IFC ) announced today that a normal course issuer bid ("NCIB") authorized by its Board of Directors to purchase for cancellation during the next 12 months up to 6,666,683 common shares, representing approximately 5% of its issued and outstanding common shares, has been approved by the Toronto Stock Exchange ("TSX").
Intact Financial Corporation announces election of Directors
CNW Group - Wed May 08, 3:13PM CDT
Intact Financial Corporation (TSX : IFC) announced that the nominees listed in its management proxy circular dated March 28, 2013 were elected as directors of Intact Financial Corporation. The detailed results of the vote for the election of directors held at its Annual Meeting of Shareholders earlier today in Toronto are set out below.
Intact Financial Corporation Reports First Quarter Results
CNW Group - Wed May 08, 5:55AM CDT
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended March 31, 2013 of $175 million or $1.27 per share ($1.02 per share excluding a non-recurring item) compared to $179 million or $1.34 per share in the corresponding quarter of last year. Net income remained relatively unchanged at $174 million and adjusted earnings per share, which excludes integration-related costs, was $1.36 versus $1.55 for the same period last year. The combined ratio increased 2.8 percentage points to 95.1% from the exceptional underwriting performance of 92.3% in the first quarter of 2012. Direct premiums written increased 9% to $1.5 billion compared to a year ago, reflecting the addition of Jevco and organic growth.
Intact Financial Corporation announces normal course issuer bid
CNW Group - Wed May 08, 5:54AM CDT
Intact Financial Corporation (TSX: IFC ) announced today that its Board of Directors has authorized a normal course issuer bid ("NCIB") to purchase for cancellation during the next 12 months up to 5% of its issued and outstanding common shares, subject to the approval of the Toronto Stock Exchange ("TSX").
Media Advisory - Intact Financial Corporation to release 2013 first quarter results on May 8
CNW Group - Wed May 01, 6:00AM CDT
Intact Financial Corporation (TSX: IFC) will announce its 2013 first quarter results on Wednesday, May 8 at approximately 7:00 a.m. ET and host a conference call for analysts and investors at 11:00 a.m. ET the same day.
Intact Financial Corporation to acquire Metro General Insurance Corporation Limited
CNW Group - Fri Feb 21, 8:00AM CST
Intact Financial Corporation (TSX: IFC) announced today that it has signed a definitive share purchase agreement for the acquisition of Newfoundland and Labrador-based Metro General Insurance Corporation Limited. The transaction, whose terms were not disclosed, is expected to close later this year upon receipt of the appropriate regulatory approvals.
Intact Financial Corporation reports fourth quarter and year-end results
CNW Group - Wed Feb 05, 5:55AM CST
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended December 31, 2013 of $143 million, down $51 million compared to the corresponding quarter of last year. On a per share basis, net operating income decreased by $0.37 to $1.05. The decrease reflects mainly the impact of severe winter weather conditions, including the December ice storm in Ontario and Québec, which led to a combined ratio of 96.3%. The decline in net operating income led to net income of $107 million compared to $177 million for the same period last year. Adjusted earnings per share, which excludes integration-related costs, was $0.88 compared to $1.49 for the fourth quarter of 2012. Direct premiums written increased 1% to $1.7 billion.
Media Advisory - Intact Financial Corporation to release 2013 fourth quarter and year-end results on February 5
CNW Group - Wed Jan 29, 6:00AM CST
Intact Financial Corporation (TSX: IFC) will announce its 2013 fourth quarter and year-end results on Wednesday, February 5 at approximately 7:00 a.m. ET and host a conference call for analysts and investors at 11:00 a.m. ET the same day.
Intact Financial picks Guidewire billing system
M2 - Tue Dec 17, 8:05AM CST
Intact Financial Corp. (TSX: IFC) said it has selected Guidewire Software, Inc.'s (NYSE: GWRE) BillingCenter to manage its billing operations.
Intact Financial Corporation Selects Guidewire System for Billing
Business Wire - Mon Dec 16, 8:07AM CST
Intact Financial Corporation (TSX:IFC), Canada's largest provider of home, auto and business insurance, and Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to Property/Casualty insurers, today announced that Intact has selected Guidewire BillingCenter(R) to manage its billing operations. By standardizing its billing operations with BillingCenter, Intact will improve its business processes, increase flexibility for new billing and payment plans, lower IT costs, and deliver an improved customer experience.
Home and auto insurance to be made available to Sun Life Financial customers in Canada through belairdirect
CNW Group - Wed Nov 27, 6:00AM CST
Sun Life Assurance Company of Canada and Intact Financial Corporation announced today a referral arrangement to provide Sun Life's customers in Canada with access to belairdirect's home and auto insurance offerings through their websites and call centres.
Intact Financial Corporation announces Executive Appointments
CNW Group - Fri Nov 15, 8:00AM CST
Charles Brindamour, Chief Executive Officer of Intact Financial Corporation (TSX: IFC) today announced a number of changes to the roles and responsibilities of members of the company's Executive Committee.
Intact Insurance and belairdirect to offer an auto insurance discount to Quebec drivers based on driving behaviours
CNW Group - Wed Nov 06, 5:56AM CST
Intact Financial Corporation (TSX : IFC) announced today that its affiliates Intact Insurance and belairdirect will launch a telematics-based solution that will allow eligible good drivers in Quebec to save up to 25% on their annual auto insurance premiums based on driving behaviours, in the weeks to come. Similar programs are expected to be rolled out in other jurisdictions in the coming months.
Intact Financial Corporation reports third quarter results
CNW Group - Wed Nov 06, 5:55AM CST
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended September 30, 2013 of $59 million, down $63 million compared to the corresponding quarter of last year. On a per share basis, net operating income decreased by $0.48 to $0.41. The decrease reflects the impact of unprecedented pre-tax catastrophe losses of $273 million net of reinsurance (an after-tax loss of $201 million or $1.52 per share). The catastrophe losses incurred during the quarter resulted from major rain and hail storms in Quebec, Ontario and Alberta as well as the Lac-Mégantic tragedy. The decline in net operating income led to net income of $47 million compared to $92 million for the same period last year. Adjusted earnings per share, which excludes integration-related costs, was $0.39 compared to $0.90. Improved current year results in personal property and higher favourable prior year claims development were outweighed by significantly higher catastrophe losses for an overall combined ratio of 102.8%. Direct premiums written increased 6% to $1.9 billion, reflecting primarily the addition of Jevco's product suite.
Media Advisory - Intact Financial Corporation to release 2013 third quarter results on November 6
CNW Group - Wed Oct 30, 6:00AM CDT
Intact Financial Corporation (TSX: IFC) will announce its 2013 third quarter results on Wednesday, November 6 at approximately 7:00 a.m. ET and host a conference call for analysts and investors at 11:00 a.m. ET the same day.
Intact Financial Corporation Reports Second Quarter Results
CNW Group - Wed Jul 31, 5:55AM CDT
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended June 30, 2013 of $123 million, down $57 million compared to the corresponding quarter of last year. On a per share basis, net operating income decreased by $0.46 to $0.89. The decrease reflects a pre-tax loss of $143 million net of reinsurance (an after-tax loss of $105 million or $0.79 per share) incurred as a result of the storms and flooding in Alberta. Net income was $103 million compared to $129 million for the same period last year and adjusted earnings per share, which excludes integration-related costs, was $0.81 compared to $1.08. Solid underlying results in auto were outweighed by higher catastrophe losses and less favourable current year results for an overall combined ratio of 97.5%. The change in current year results was largely due to increased claims severity in the commercial P&C and personal auto lines of business. Direct premiums written increased 10% to $2.2 billion, reflecting the addition of Jevco and solid organic growth.
Media Advisory - Intact Financial Corporation to release 2013 second quarter results on July 31
CNW Group - Wed Jul 24, 6:00AM CDT
Intact Financial Corporation (TSX: IFC) will announce its 2013 second quarter results on Wednesday, July 31 at approximately 7:00 a.m. ET and host a conference call for analysts and investors at 11:00 a.m. ET the same day.
Intact Financial Corporation releases estimates of the financial impact from recent catastrophic events
CNW Group - Mon Jul 22, 6:09AM CDT
Intact Financial Corporation (TSX: IFC) announced today that it has been helping approximately 16,000 customers get back on track following the Alberta flooding, Lac-Mégantic train derailment, Greater Toronto Area rain storm and early July hail storms.
AXA ART Insurance Corporation Establishes Canadian Branch
Marketwire - Thu Jun 13, 10:01AM CDT
AXA ART Insurance Corporation today announced that its application to establish a Canadian Branch has received federal regulatory approval, the Order to Insure in Canada Risks, from the Office of the Superintendent of Financial Institutions Canada. The company will now proceed to apply for provincial licensing throughout Canada. The existing business continuation agreement in place with Intact Financial Corporation will continue until the provincial licensing process is complete. Thereafter, AXA ART's full-service Canadian branch will be headquartered in Toronto, Ontario.
Intact Financial Corporation receives TSX approval for normal course issuer bid
CNW Group - Wed May 08, 4:00PM CDT
Intact Financial Corporation (TSX: IFC ) announced today that a normal course issuer bid ("NCIB") authorized by its Board of Directors to purchase for cancellation during the next 12 months up to 6,666,683 common shares, representing approximately 5% of its issued and outstanding common shares, has been approved by the Toronto Stock Exchange ("TSX").
Intact Financial Corporation announces election of Directors
CNW Group - Wed May 08, 3:13PM CDT
Intact Financial Corporation (TSX : IFC) announced that the nominees listed in its management proxy circular dated March 28, 2013 were elected as directors of Intact Financial Corporation. The detailed results of the vote for the election of directors held at its Annual Meeting of Shareholders earlier today in Toronto are set out below.
Intact Financial Corporation Reports First Quarter Results
CNW Group - Wed May 08, 5:55AM CDT
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended March 31, 2013 of $175 million or $1.27 per share ($1.02 per share excluding a non-recurring item) compared to $179 million or $1.34 per share in the corresponding quarter of last year. Net income remained relatively unchanged at $174 million and adjusted earnings per share, which excludes integration-related costs, was $1.36 versus $1.55 for the same period last year. The combined ratio increased 2.8 percentage points to 95.1% from the exceptional underwriting performance of 92.3% in the first quarter of 2012. Direct premiums written increased 9% to $1.5 billion compared to a year ago, reflecting the addition of Jevco and organic growth.
Intact Financial Corporation announces normal course issuer bid
CNW Group - Wed May 08, 5:54AM CDT
Intact Financial Corporation (TSX: IFC ) announced today that its Board of Directors has authorized a normal course issuer bid ("NCIB") to purchase for cancellation during the next 12 months up to 5% of its issued and outstanding common shares, subject to the approval of the Toronto Stock Exchange ("TSX").
Media Advisory - Intact Financial Corporation to release 2013 first quarter results on May 8
CNW Group - Wed May 01, 6:00AM CDT
Intact Financial Corporation (TSX: IFC) will announce its 2013 first quarter results on Wednesday, May 8 at approximately 7:00 a.m. ET and host a conference call for analysts and investors at 11:00 a.m. ET the same day.
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