Intact Finl Corp (IFCZF) 72.4500 $IFCZF
CWB Announces Strategic Transaction to Refine Its Growth Strategy
Marketwired - Tue Feb 10, 6:01PM CST
Canadian Western Bank Group (TSX: CWB) today announced a refinement to its long-term growth strategy with a definitive agreement to sell its property and casualty insurance subsidiary, Canadian Direct Insurance (CDI), to Intact Financial Corporation (Intact) for $197 million in cash. The purchase price is approximately 2.5 times the net book value of CDI as at October 31, 2014. The transaction is subject to customary closing conditions, including regulatory approvals. The closing date is expected in mid-2015.
CWB.TO: 28.97 (+0.28)
IFC expands direct operations in Western Canada through acquisition of Canadian Direct Insurance Inc.
CNW Group - Tue Feb 10, 6:00PM CST
Intact Financial Corporation (TSX: IFC) ("IFC"
announced today that it has entered into a definitive agreement with Canadian Western Bank (TSX: CWB) to acquire Canadian Direct Insurance Inc. ("CDI" for $197 million, thereby extending its direct-to-consumer operations from coast to coast. The acquisition is expected to be financed exclusively with excess capital and provide accretion of 2% in the near term to net operating income per share. Annual synergies amounting to $10 million after tax are expected from a combination of reinsurance cost reductions, systems-related cost savings and claims efficiencies. IFC expects to maintain its strong capital position on closing with an estimated MCT above 200%.
CWB.TO: 28.97 (+0.28), IFC.TO: 90.61 (+1.11)
Intact Financial's (IFCZF) CEO Charles Brindamour on Q4 2014 Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Wed Feb 04, 3:38PM CST
Intact Financial Corporation reports fourth quarter and year-end results
CNW Group - Wed Feb 04, 5:55AM CST
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended December 31, 2014 of $247 million, $104 million higher than the corresponding quarter of 2013. The growth in operating income was driven by strong underwriting income, as the Company reported an 8.1 point improvement in its combined ratio to 88.2%. On a per share basis, net operating income increased 75% from a year ago to $1.84. The increase in net operating income led to net income of $205 million compared to $107 million for the same period last year. Earnings per share totaled $1.52, versus $0.77 in the fourth quarter of 2013. Direct premiums written increased 3% to $1.8 billion.
IFC.TO: 90.61 (+1.11)
Intact Financial Corporation to release 2014 fourth quarter and year-end results on February 4
CNW Group - Wed Jan 28, 6:00AM CST
Intact Financial Corporation (TSX: IFC) will announce its 2014 fourth quarter and year-end results on Wednesday, February 4 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.
IFC.TO: 90.61 (+1.11)
Best Canadian Dividend Stocks For 2015: Here's My Top 3
The Dividend Guy - Seeking Alpha - Mon Jan 05, 2:30PM CST
Last year, we said we were moderately bullish for the Canadian market for 2014. After beating the S&P 500 for 10 months in a row and reaching almost 15% growth, the TSX is now back to a small +1.89% as of December 11th 2014. Who's guilty of this...
Intact Financial Corporation Reports Third Quarter Results
CNW Group - Wed Nov 05, 5:55AM CST
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended September 30, 2014 of $185 million, $126 million higher than the corresponding quarter of last year, which was impacted by severe rain storms in the Greater Toronto Area and Quebec, as well as hail storms in Alberta. On a per share basis, net operating income increased by 234% to $1.37. The increase in net operating income and higher investment gains led to net income of $202 million compared to $47 million for the same period last year. Earnings per share totalled $1.49 compared to $0.32 for the third quarter of 2013. Direct premiums written were stable at $1.9 billion while the combined ratio improved 9.6 percentage points to 93.2%.
IFC.TO: 90.61 (+1.11)
Media Advisory - Intact Financial Corporation to release 2014 third quarter results on November 5
CNW Group - Wed Oct 29, 6:00AM CDT
Intact Financial Corporation (TSX: IFC) will announce its 2014 third quarter results on Wednesday, November 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.
IFC.TO: 90.61 (+1.11)
AXA ART Canadian Branch: Fully Established and Operational
Marketwire - Wed Oct 01, 9:41AM CDT
AXA ART announces it has successfully received licensing to operate in all provinces and territories across Canada.
FISI: 22.98 (-0.02)
Intact Financial Corporation releases preliminary estimates for the financial impact from summer storms
CNW Group - Wed Aug 27, 6:00PM CDT
Intact Financial Corporation (TSX: IFC) estimates that the pre-tax financial impact of catastrophe events in July and thus far in August will amount to between $100 million and $120 million, or $0.56 to $0.67 per share after tax.
IFC.TO: 90.61 (+1.11)
Intact Financial Corporation reports second quarter results
CNW Group - Wed Jul 30, 5:55AM CDT
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended June 30, 2014 of $206 million, up $83 million compared to the corresponding quarter of last year, which was severely impacted by the Alberta storms and flooding. On a per share basis, net operating income increased by 72% to $1.53. The increase in net operating income and higher investment gains led to net income of $215 million compared to $103 million for the same period last year. Earnings per share totalled $1.60 compared to $0.73 for the second quarter of 2013. Direct premiums written were stable at $2.2 billion while the combined ratio improved 4.6 percentage points to 92.9%.
IFC.TO: 90.61 (+1.11)
Intact Financial and University of Waterloo Launch Nationwide Effort to Weather-Harden Cities
CNW Group - Tue Jul 29, 5:00AM CDT
Implementation of 20 demonstration projects across Canada, including Nova Scotia, will help communities adapt to climate change and extreme weather
IFC.TO: 90.61 (+1.11)
Media Advisory - Intact Financial Corporation to release 2014 second quarter results on July 30
CNW Group - Wed Jul 23, 5:55AM CDT
Intact Financial Corporation (TSX: IFC) will announce its 2014 second quarter results on Wednesday, July 30th, 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.
IFC.TO: 90.61 (+1.11)
Intact Financial and University of Waterloo launch nationwide effort to weather-harden cities
CNW Group - Tue Jul 15, 6:00AM CDT
Implementation of 20 demonstration projects across Canada, including Quebec, will help communities adapt to climate change and extreme weather
IFC.TO: 90.61 (+1.11)
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.
KLIC: 16.00 (-0.30), IFC.TO: 90.61 (+1.11)
CWB Announces Strategic Transaction to Refine Its Growth Strategy
Marketwired - Tue Feb 10, 6:01PM CST
Canadian Western Bank Group (TSX: CWB) today announced a refinement to its long-term growth strategy with a definitive agreement to sell its property and casualty insurance subsidiary, Canadian Direct Insurance (CDI), to Intact Financial Corporation (Intact) for $197 million in cash. The purchase price is approximately 2.5 times the net book value of CDI as at October 31, 2014. The transaction is subject to customary closing conditions, including regulatory approvals. The closing date is expected in mid-2015.
CWB.TO: 28.97 (+0.28)
IFC expands direct operations in Western Canada through acquisition of Canadian Direct Insurance Inc.
CNW Group - Tue Feb 10, 6:00PM CST
Intact Financial Corporation (TSX: IFC) ("IFC"
announced today that it has entered into a definitive agreement with Canadian Western Bank (TSX: CWB) to acquire Canadian Direct Insurance Inc. ("CDI" for $197 million, thereby extending its direct-to-consumer operations from coast to coast. The acquisition is expected to be financed exclusively with excess capital and provide accretion of 2% in the near term to net operating income per share. Annual synergies amounting to $10 million after tax are expected from a combination of reinsurance cost reductions, systems-related cost savings and claims efficiencies. IFC expects to maintain its strong capital position on closing with an estimated MCT above 200%. CWB.TO: 28.97 (+0.28), IFC.TO: 90.61 (+1.11)
Intact Financial's (IFCZF) CEO Charles Brindamour on Q4 2014 Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Wed Feb 04, 3:38PM CST
Intact Financial Corporation reports fourth quarter and year-end results
CNW Group - Wed Feb 04, 5:55AM CST
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended December 31, 2014 of $247 million, $104 million higher than the corresponding quarter of 2013. The growth in operating income was driven by strong underwriting income, as the Company reported an 8.1 point improvement in its combined ratio to 88.2%. On a per share basis, net operating income increased 75% from a year ago to $1.84. The increase in net operating income led to net income of $205 million compared to $107 million for the same period last year. Earnings per share totaled $1.52, versus $0.77 in the fourth quarter of 2013. Direct premiums written increased 3% to $1.8 billion.
IFC.TO: 90.61 (+1.11)
Intact Financial Corporation to release 2014 fourth quarter and year-end results on February 4
CNW Group - Wed Jan 28, 6:00AM CST
Intact Financial Corporation (TSX: IFC) will announce its 2014 fourth quarter and year-end results on Wednesday, February 4 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.
IFC.TO: 90.61 (+1.11)
Best Canadian Dividend Stocks For 2015: Here's My Top 3
The Dividend Guy - Seeking Alpha - Mon Jan 05, 2:30PM CST
Last year, we said we were moderately bullish for the Canadian market for 2014. After beating the S&P 500 for 10 months in a row and reaching almost 15% growth, the TSX is now back to a small +1.89% as of December 11th 2014. Who's guilty of this...
Intact Financial Corporation Reports Third Quarter Results
CNW Group - Wed Nov 05, 5:55AM CST
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended September 30, 2014 of $185 million, $126 million higher than the corresponding quarter of last year, which was impacted by severe rain storms in the Greater Toronto Area and Quebec, as well as hail storms in Alberta. On a per share basis, net operating income increased by 234% to $1.37. The increase in net operating income and higher investment gains led to net income of $202 million compared to $47 million for the same period last year. Earnings per share totalled $1.49 compared to $0.32 for the third quarter of 2013. Direct premiums written were stable at $1.9 billion while the combined ratio improved 9.6 percentage points to 93.2%.
IFC.TO: 90.61 (+1.11)
Media Advisory - Intact Financial Corporation to release 2014 third quarter results on November 5
CNW Group - Wed Oct 29, 6:00AM CDT
Intact Financial Corporation (TSX: IFC) will announce its 2014 third quarter results on Wednesday, November 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.
IFC.TO: 90.61 (+1.11)
AXA ART Canadian Branch: Fully Established and Operational
Marketwire - Wed Oct 01, 9:41AM CDT
AXA ART announces it has successfully received licensing to operate in all provinces and territories across Canada.
FISI: 22.98 (-0.02)
Intact Financial Corporation releases preliminary estimates for the financial impact from summer storms
CNW Group - Wed Aug 27, 6:00PM CDT
Intact Financial Corporation (TSX: IFC) estimates that the pre-tax financial impact of catastrophe events in July and thus far in August will amount to between $100 million and $120 million, or $0.56 to $0.67 per share after tax.
IFC.TO: 90.61 (+1.11)
Intact Financial Corporation reports second quarter results
CNW Group - Wed Jul 30, 5:55AM CDT
Intact Financial Corporation (TSX: IFC) today reported net operating income for the quarter ended June 30, 2014 of $206 million, up $83 million compared to the corresponding quarter of last year, which was severely impacted by the Alberta storms and flooding. On a per share basis, net operating income increased by 72% to $1.53. The increase in net operating income and higher investment gains led to net income of $215 million compared to $103 million for the same period last year. Earnings per share totalled $1.60 compared to $0.73 for the second quarter of 2013. Direct premiums written were stable at $2.2 billion while the combined ratio improved 4.6 percentage points to 92.9%.
IFC.TO: 90.61 (+1.11)
Intact Financial and University of Waterloo Launch Nationwide Effort to Weather-Harden Cities
CNW Group - Tue Jul 29, 5:00AM CDT
Implementation of 20 demonstration projects across Canada, including Nova Scotia, will help communities adapt to climate change and extreme weather
IFC.TO: 90.61 (+1.11)
Media Advisory - Intact Financial Corporation to release 2014 second quarter results on July 30
CNW Group - Wed Jul 23, 5:55AM CDT
Intact Financial Corporation (TSX: IFC) will announce its 2014 second quarter results on Wednesday, July 30th, 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.
IFC.TO: 90.61 (+1.11)
Intact Financial and University of Waterloo launch nationwide effort to weather-harden cities
CNW Group - Tue Jul 15, 6:00AM CDT
Implementation of 20 demonstration projects across Canada, including Quebec, will help communities adapt to climate change and extreme weather
IFC.TO: 90.61 (+1.11)
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.
KLIC: 16.00 (-0.30), IFC.TO: 90.61 (+1.11)
