Intact Financial Corporation · TSX:IFC
Intact Financial — Q3 2024 Earnings Presentation
14 slides from Intact Financial's earnings presentation, Nov 6, 2024
Slide 1: Q3-2024 Review of Performance
Intact Financial Corporation (TSX: IFC) Q3-2024 Review of Performance November 6, 2024
Slide 2: Forward-looking statements
Forward-looking statements Certain of the statements included in this presentation about the Company’s current and future plans, expectations and intentions, results, levels of activity, performance, goals or achievements or any other future events or developments constitute forward-looking statemen
Slide 3: Disclaimer
Disclaimer This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitm
Slide 4: Charles Brindamour
Charles Brindamour Chief Executive Officer 4 Q3-2024 Review of Performance
Slide 5: Q3-2024 key points & highlights
Q3-2024 key points & highlights $1.01 $1.06 NOIPS 1,2 strong underlying performance and EPS 2 up from last year, driven by our diversified sources 15.8% solid growth in distribution and investment income of income and gains on our equity securities OROE 1 higher than last year, withstanding the +6%
Slide 6: Q3-2024 Canadian results
Q3-2024 Canadian results Industry premium growth Operating DPW growth1 Combined ratio1 outlook2 +12% 97.6% Growth in the low double-digits reflecting rates and continued unit after absorbing 7 points of CAT losses. PERSONAL AUTO momentum in hard market conditions Excluding this, performance was stro
Slide 7: Q3-2024 UK&I and US results
Q3-2024 UK&I and US results Operating DPW growth Industry premium growth Combined ratio1 (constant currency)1,2 outlook3 +28% 91.9% Growth in mid-single-digit level mainly due to the DLG brokered in line with expectations following Commercial lines acquisition the DLG acquisition UK&I P&C +4% 87.4%
Slide 8: Progress on our Strategic Roadmap
Progress on our Strategic Roadmap Expand our leadership Strengthen our leading Build a Specialty position in Canada position in UK & Ireland Lines leader Intact remains the most well-known insurer 1st UK insurer to implement the Guidewire Technology & Management Liability in Canada Cloud Solution fo
Slide 9: Louis Marcotte
Louis Marcotte Executive Vice President & Chief Financial Officer 9 Q3-2024 Review of Performance
Slide 10: Strong underlying performances across all geographies
Strong underlying performances across all geographies Combined ratio1 5.6% Catastrophe loss ratio of 22.1%, 17 points above expectations: 103.9% Catastrophe • 4 severe weather events in Canada (torrential rains in Southern Ontario, 98.3% losses1 wildfires in Jasper, hailstorm in Calgary and flooding
Slide 11: Double-digit growth in distribution and investment income
Double-digit growth in distribution and investment income Net operating income attributable to Underwriting income1 Operating net investment income Distribution income1 common shareholders1 (48)% (344)% 13% 14% 349 394 88 132 182 (215) 349 116 Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 in milli
Slide 12: Strong and resilient balance sheet
Strong and resilient balance sheet Capital position Capital Structure Managing volatility Total capital margin1,2 Adjusted debt-to-total capital ratio1,2 Book value per share1,2 $2.6B 20.3% $90.60 with solid regulatory capital ratios in line with our long-term target increased 17% year-over-year and
Slide 13: Q&A
Q&A 13 Q&A
Slide 14: Contact us
Contact us Investor Inquiries Intact Financial Corporation 700 University Avenue Toronto, ON M5G 0A1 ir@intact.net www.intactfc.com Investor Relations Geoff Kwan Deputy SVP, Finance and Chief Investor Relations Officer 1-866-440-8300 ext. 20022 ir@intact.net Media Inquiries Mel Wright Vice President