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Intact Financial Corp (IFC.TO)

IFC.TO on Toronto Stock Exchange

106.52CAD
17 Nov 2017
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$0.19 (+0.18%)
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Latest Key Developments (Source: Significant Developments)

Intact Financial reports Q3 oper earnings of C$1.61/shr
Tuesday, 7 Nov 2017 05:00pm EST 

Nov 7 (Reuters) - Intact Financial Corp :Intact Financial Corporation reports q3-2017 results.Q3 operating earnings per share c$1.61.Q3 earnings per share view c$1.58 -- Thomson Reuters I/B/E/S.Intact Financial Corp - ‍combined ratio for quarter improved 5.2 points over last year to 91.8%​.Intact Financial Corp - qtrly earnings per share $‍1.25​.Intact Financial Corp - ‍net investment income of $101 million for quarter was essentially flat​.  Full Article

OneBeacon says all regulatory approvals obtained for co's acquisition by Intact Financial
Monday, 25 Sep 2017 07:00am EDT 

Sept 25 (Reuters) - Onebeacon Insurance Group Ltd ::All regulatory approvals obtained for Intact Financial Corporation's acquisition of OneBeacon.OneBeacon Insurance-announced all regulatory approvals required to complete previously announced acquisition of co by intact financial have been obtained.  Full Article

Intact Financial Corp announces $150 mln preferred share offering
Wednesday, 9 Aug 2017 08:56am EDT 

Aug 9 (Reuters) - Intact Financial Corp :Intact Financial Corporation announces $150 million preferred share offering.Intact Financial - Entered agreement with syndicate of underwriters who have agreed to buy 6 million non-cumulative class A shares, series 6 from Intact​.Intact Financial Corp - Net proceeds will be used to partially fund previously announced acquisition of Onebeacon Insurance Group Ltd.Intact Financial Corp - Series 6 shares will yield 5.30 percent per annum, payable quarterly, as and when declared by board of directors of company​.Intact Financial - ‍Underwriters agreed to buy the 6 million non-cumulative class A shares, series 6 for sale to public at a price of $25.00/series 6 share​.  Full Article

Intact Financial Q2 operating earnings per share C$1.44
Tuesday, 1 Aug 2017 05:00pm EDT 

Aug 1 (Reuters) - Intact Financial Corp :Intact Financial Corporation reports Q2-2017 results.Q2 operating earnings per share C$1.44.Q2 earnings per share view C$1.34 -- Thomson Reuters I/B/E/S.Intact Financial Corp qtrly EPS $1.82.Intact Financial Corp - "industry's ROE is expected to improve but remain slightly below its long-term average of 10% over next 12 months".Qtrly combined ratio of 95.0% despite elevated catastrophe losses, 4.2 points better than last year.  Full Article

Intact Financial Corp signs 5-year renewal agreement with Uniban Canada
Thursday, 6 Jul 2017 05:00pm EDT 

July 6 (Reuters) - Intact Financial Corp ::Intact Financial Corporation signs 5-year renewal agreement with Uniban Canada.Uniban Canada says renewal of a 5-year agreement with intact financial corporation.  Full Article

Intact Financial estimates catastrophe losses, net of reinsurance, for Q2 of about $105 mln on pre-tax basis
Wednesday, 5 Jul 2017 05:12pm EDT 

July 5 (Reuters) - Intact Financial Corp ::Intact Financial Corp - estimated catastrophe losses, net of reinsurance, for Q2 of 2017 of approximately $105 million on a pre-tax basis.  Full Article

Intact Financial announces $425 mln medium term note offering
Wednesday, 31 May 2017 06:17pm EDT 

May 31 (Reuters) - Intact Financial Corp :Intact financial corporation announces $425 million medium term note offering.Intact financial corp- ‍intends to issue $425 million principal amount of series 7 unsecured medium term notes​.Intact financial corp - ‍notes will bear interest at a fixed annual rate of 2.85% until maturity on june 7, 2027​.Intact financial- ‍net proceeds from offering will be used to partially fund purchase price for acquisition of all shares of onebeacon insurance group​.  Full Article

Intact Financial announces $125 mln preferred share offering
Friday, 12 May 2017 08:50am EDT 

May 12 (Reuters) - Intact Financial Corp :Intact financial corporation announces $125 million preferred share offering.Intact financial corp - series 5 share offering is expected to close on may 24, 2017.Intact financial corp - offering of 5 million non-cumulative class a shares, series 5 from intact for sale to public at a price of $25 per series 5 share.Intact financial corp - net proceeds will be used to partially fund previously announced acquisition of onebeacon insurance group, ltd.Intact financial corp - series 5 shares will yield 5.20% per annum, payable quarterly, as and when declared by board of directors of company.Intact financial corp - series 5 shares will not be redeemable prior to june 30, 2022.  Full Article

OneBeacon to be acquired by Intact Financial for $1.7 bln
Tuesday, 2 May 2017 04:22pm EDT 

May 2 (Reuters) - OneBeacon Insurance Group Ltd ::OneBeacon - to be acquired by intact financial corporation for $1.7 billion; deal for $18.10 per share.OneBeacon- OneBeacon debt of about $275 million to remain outstanding; expects to continue paying qtrly dividends as per past practice prior to deal closing.  Full Article

Intact Financial to buy OneBeacon Insurance
Tuesday, 2 May 2017 04:22pm EDT 

May 2 (Reuters) - Intact Financial Corp :Intact Financial Corporation to acquire US specialty insurer OneBeacon Insurance Group Ltd for US $1.7 billion.Intact Financial Corp - deal to be accretive to net operating income per share within 24 months.Intact Financial Corp - deal accretive to net operating income per share within 24 months of closing.Intact Financial Corp - transaction is expected to be neutral to net operating income per share in 2018.Intact Financial - intends to finance acquisition and related transaction expenses using a combination of $700 million of equity financing among others.Intact Financial Corp - will cancel automatic share purchase plan announced on March 27, 2017 and suspend its normal course issuer bid.Intact Financial Corp- transaction has been unanimously approved by boards of directors of both companies.Intact-Intends to deal expenses also using about $700 million of excess capital and about $1.0 billion of financing comprised of bank term loans and others.Intact-$700 million of equity financing is through $360 million bought deal subscription receipt offering, $340 million private placement of subscription receipts.Intact Financial- OneBeacon has ability to terminate deal subject to $85.1 million termination fee payment,reimbursement of intact's expenses up to $22 million.Intact-$340 million private placement issued to caisse de dépôt et placement du québec, Canada pension plan investment board, Ontario teachers' pension plan.  Full Article