Canada's Intact Financial Q1 profit rises

Intact Financial

05/05/2026 22:15

Overview

Canada property and casualty insurer's Q1 net operating income per share rose 8%

Q1 diluted EPS rose 12%

Operating direct premiums written grew 4%, driven by commercial and specialty lines

Outlook

Company expects investment income of about C$1.7 bln for 2026

Intact expects industry premium growth in Canadian personal lines to be high-single-digit to low-double-digit

Company expects industry premium growth in Commercial and Specialty lines to be low to mid-single-digit

Result Drivers

PREMIUM GROWTH - Operating DPW rose 4%, driven by improvements in commercial and specialty lines and continued strength in personal lines

UNDERWRITING PERFORMANCE - Combined ratio held steady at 91.3%, supported by robust underwriting performance across all North American segments

INVESTMENT INCOME - Operating net investment income increased 10% to C$457 mln, reflecting special dividends and higher assets year-over-year, partly offset by decreases in floating rates

Company press release: ID:nCNWmKszMa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
C$4.12
Q1 Net Income
C$752 mln
Q1 Combined Ratio
91.30%
Q1 Operating Income
C$770 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for Intact Financial Corp is C$320.00, about 24% above its May 4 closing price of C$258.08

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)