Intact U/W income jumps 45%, but CoR deteriorates 2.2pts to 87.8%
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Intact U/W income jumps 45%, but CoR deteriorates 2.2pts to 87.8%

James Thaler
February 08, 2022
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Intact logo Toronto CA.jpg

Underwriting income at Canadian insurer Intact rose 45% to $C600mn ($475mn), benefitting from its acquisition of RSA’s Canadian, UK and international operations, even as its consolidated combined ratio rose 2.2 points in the quarter to 87.8%.

On Tuesday the company said it earned C$3.78 per share, a 19% increase from the C$3.18 it earned last year, helped by the increase in underwriting income to C$600mn from C$415mn last year.

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News Intact Financial Earnings
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James Thaler
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