Latest news with #IntactFinancial
CBC
a day ago
- General
- CBC
Reeve of Man. community at risk from wildfires lauds fire prevention donation
Social Sharing A rural municipality in southeast Manitoba that's frequently at risk from wildfires has received funding for a community-led initiative to conduct controlled burns aimed at fire prevention. Tuesday's announcement of a $116,000 grant from insurance company Intact Financial to pay for equipment and volunteer training to conduct prescribed burns will have a lasting impact on Stuartburn, about 100 kilometres southeast of Winnipeg, Reeve Michelle Gawronsky said. "The brush has continued to grow and die off every year, and there's been nothing to clean it up," Gawronsky said. "We certainly don't want to have our community at risk again." The grant from Intact is the largest of its kind for Manitoba and will assist with the operation of Stuartburn Prescribed Burn Association, which is made up of concerned local residents. They just want to keep the community safe, Gawronsky said. "They care about the farms and the lands around us, and wildlife, and people's homes, and people's lives." "It breaks my heart to know that people are suffering so badly," she said. "Now we have a proactive way with local citizens in the province of Manitoba to be able to move this [initiative] forward." The reeve told her own story of the devastating fire that forced the Stuartburn community of Vita to evacuate in 2012. "I got a call from my son ... saying: 'Mom, what do you want from the house?' And I said: 'What do you mean?' "And he said: 'There's a fire coming, we're not going to save the town.'" "And when you're sitting 400 kilometres away and you're trying to think of what's most important in your home, that feeling was devastating to me." A snowstorm followed the fire the next day and helped firefighters snuff it out before homes were destroyed. A bridge, vehicles and farmland suffered the most damage. Still, the experience stayed with Gawronsky. The Stuartburn funding is part of Intact's Municipal Climate Resiliency Grants program, which is slated to donate $3.1 million to 19 communities across Canada. Stuartburn plans to hold a meeting for people to learn more about the initiative at its community centre on Sept. 18.
CBC
2 days ago
- General
- CBC
Reeve of Man. community at risk from wildfires lauds funding donation for prevention
A southeast Manitoba rural municipality frequently at risk from wildfires has received funding for a community-led initiative to conduct controlled burns aimed at stopping fires in their tracks. RM of Stuartburn Reeve Michelle Gawronsky said Tuesday's announcement of a $116,000 grant from Intact Financial to pay for equipment and volunteer training to conduct prescribed burns will have a lasting impact. "The brush has continued to grow and die off every year, and there's been nothing to clean it up," said Gawronsky. "We were very quick to put a burn-ban on, especially seeing what other municipalities were having to live through. Like I say, we've been there, done that, and we certainly don't want to have our community at risk again," she said. The grant from Intact is a first of its kind for Manitoba and will assist with the operation of Stuartburn Prescribed Burn Association, which is made up of concerned local residents. They just want to keep the community safe, said Gawronsky. "Because they care about the farms and the lands around us, and wildlife, and people's homes, and people's lives," said Gawronsky. Intact is giving out $3.1 million to 19 communities across Canada through its Municipal Climate Resiliency Grants program. Stuartburn administrators invited officials from Intact, provincial politicians, neighbouring mayors and reeves and people from the community to an official announcement of the funding on Tuesday afternoon.
Yahoo
22-06-2025
- Business
- Yahoo
Intact Financial Corporation's (TSE:IFC) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Intact Financial's (TSE:IFC) stock up by 7.6% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Intact Financial's ROE today. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Intact Financial is: 12% = CA$2.3b ÷ CA$19b (Based on the trailing twelve months to March 2025). The 'return' is the amount earned after tax over the last twelve months. That means that for every CA$1 worth of shareholders' equity, the company generated CA$0.12 in profit. Check out our latest analysis for Intact Financial So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. To begin with, Intact Financial seems to have a respectable ROE. Even when compared to the industry average of 12% the company's ROE looks quite decent. This probably goes some way in explaining Intact Financial's moderate 12% growth over the past five years amongst other factors. We then compared Intact Financial's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 9.4% in the same 5-year period. Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for IFC? You can find out in our latest intrinsic value infographic research report. Intact Financial has a healthy combination of a moderate three-year median payout ratio of 40% (or a retention ratio of 60%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits. Besides, Intact Financial has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 32% over the next three years. As a result, the expected drop in Intact Financial's payout ratio explains the anticipated rise in the company's future ROE to 16%, over the same period. On the whole, we feel that Intact Financial's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
03-06-2025
- Business
- Globe and Mail
Why foreign property and casualty insurers are quitting Canada
In the fragmented domestic auto and home insurance industry, the big question is: Who will be next to exit? Last week, U.S. insurance giant Travelers surprised the market by selling its Canadian operations to Waterloo-based Definity Financial Corp. DFY-T for $3.3-billion. New York-based Travelers is the latest in a string of foreign-owned property and casualty (P&C) insurance company to quit the domestic market. Over the past decade, global insurers such as State Farm, AXA and Hartford opted to exit. While there have been numerous departures, there are still more than 150 P&C players competing in a consolidating sector where scale and marketing heft are increasingly critical to success. The vast majority have single-digit market share – Travelers had roughly 2 per cent of the market – and would need to spend billions to bulk up. There are also a handful of Canadian companies – including market leader Intact Financial Corp., Definity, Desjardins Group, Co-operators, Fairfax Financial Holdings Ltd. and Toronto-Dominion Bank – with ambitions to dominate the sector. Analysts say further auto and home insurer consolidation is as inevitable as highway fender benders on holiday weekends. Toronto-based Intact has moved onto the global stage as part of its consolidation strategy. In 2020, Intact and a Danish insurer acquired London-based RSA Insurance Group PLC, a major player in the Canadian market, for $12.4-billion. Institutional investors are willing to put money into consolidators such as Intact and Definity. Three larger domestic pension plans committed capital to the RSA purchase. Analysis: Why investors love Definity's big acquisition, helping the home and auto insurer extend its hot run For ambitious chief executives such as Intact CEO Charles Brindamour, an accomplished integrator of insurance businesses, the obvious next targets are Allstate Insurance Co. of Canada, which has a Chicago-based parent, and Aviva Insurance Co. of Canada, with an owner in London. Both companies have larger market share than Travelers, but similar challenges when it comes to further expanding their platforms. Both Allstate and Aviva will be looking at the economics behind the Definity deal and making a go-big-or-go-home decision. Travelers built its Canadian platform through acquisitions, highlighted by the 2013 purchase of Dominion of Canada General Insurance Co. for more than $1-billion. (Definity's acquisition of the company brings a business founded by Sir John A. Macdonald in 1887 back into Canadian hands.) Part of Travelers' expansion strategy centred on using a familiar U.S. brand – a red umbrella – to sell insurance north of the border. The campaign never really caught on. In part, that reflects a P&C industry that sells through independent agents, who care more about commissions than umbrellas. It also reflects domestic insurers spending heavily on advertising to sell online through flanker brands such Intact's Belair Direct and Definity-owned Sonnet. These campaigns drowned out Traveler's marketing. Travelers decided to sell at a time when industry dynamics favour P&C insurers, with what's known as a hard market on pricing. The Canadian division sold for 1.8 times its book value, an impressive premium. Travelers plans to use US$700-million of the sale's proceeds to buy back its own stock, a shareholder-friendly move. In soft insurance markets, when P&C insurers discount their rates to win customers, acquirers will offer far smaller premiums to book value on potential purchases. For Allstate and Aviva, this is a seller's market, one that may not last. Definity paid up for Travelers, and devoted the better part of a year negotiating the takeover, because the transaction vaulted the insurer into the country's top five players. The additional scale translates into $100-million a year in annual savings, a significant boost in the company's return on equity and a 30-per-cent increase in premiums. Definity went public in 2021 to do this sort of takeover, after being founded in 1871 as mutual company Economical Insurance, owned by its policyholders. CEO Rowan Saunders said in announcing the Travelers deal that 'this acquisition demonstrates our commitment to long-term growth and competitiveness.' It also avoids having Definity show up on lists of potential takeover targets, alongside Allstate and Aviva. As part of the initial public offering, the company and regulators struck a four-year moratorium on takeovers of Definity. The standstill agreement expires this fall. Buying Travelers should make Definity too large or too expensive for a domestic rival such as Intact to acquire. Or an even more tempting prize.
Yahoo
08-05-2025
- Business
- Yahoo
Intact Financial First Quarter 2025 Earnings: EPS Beats Expectations
Revenue: CA$6.38b (up 5.0% from 1Q 2024). Net income: CA$676.0m (up 3.0% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). EPS: CA$3.70 (up from CA$3.68 in 1Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Looking ahead, revenue is expected to decline by 9.5% p.a. on average during the next 2 years, while revenues in the Insurance industry in Canada are expected to grow by 6.4%. Performance of the Canadian Insurance industry. The company's share price is broadly unchanged from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Intact Financial, and understanding it should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
