Intact Financial Corporation · TSX:IFC
Intact Financial — Q1 2024 Earnings Presentation
13 slides from Intact Financial's earnings presentation, May 8, 2024
Slide 1: Q1-2024 Review of Performance
Intact Financial Corporation (TSX: IFC) Q1-2024 Review of Performance May 8, 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, Chief Executive Officer
Charles Brindamour Chief Executive Officer 4
Slide 5: Key points & highlights
Key points & highlights $3.63 $3.68 NOIPS 1 largely on the back of premium growth and strong investment results EPS reflected the gain on the sale of our UK direct Personal Lines operations 14.7% OROE 1 increased year-over-year from higher operating earnings +6% Operating DPW 1 Growth constant curre
Slide 6: Canadian results
Canadian results 3 Operating DPW growth1 Combined ratio1,2 Industry outlook +11% 98.6% Industry premium growth could driven by high single-digit rate included a 4-point impact from reach a low double-digit level PERSONAL AUTO increases and continued unit growth seasonality, industry pools and non- r
Slide 7: UK&I and US results
UK&I and US results Operating DPW growth Combined ratio1,2 Industry outlook 3 (constant currency)1 +29% 94.6% UK & EU commercial industry premium rates expected to included approximately 2 points of grow at a mid-single-digit level mainly due to the DLG acquisition catastrophe losses above UK&I P&C
Slide 8: Louis Marcotte, Executive Vice President & Chief Financial Officer
Louis Marcotte Executive Vice President & Chief Financial Officer 8
Slide 9: Underwriting review
Underwriting review Undiscounted combined ratios1 Catastrophe losses1 • CAT loss ratio of 1.9% in Q1-2024 was low, mainly due to mild weather in Canada 91.2% 91.9% • Catastrophe events were driven by adverse weather in the UK, as well as non- weather-related claims • We remain comfortable with our g
Slide 10: Operating income
Operating income Net operating income attributable to common shareholders1 +21% Net operating income attributable to common shareholders of $648 million was driven by strong underwriting and investment results 648 537 Operating net investment income of $380 million increased 29%, driven by higher re
Slide 11: Maintaining a strong balance sheet
Maintaining a strong balance sheet Sustaining a strong capital Capital structure Managing volatility position Total capital margin1,2 Adjusted debt-to-total capital ratio1,2 Book value per share1,2 $2.7B 20.5% $84.76 strong capital generated in the quarter, returning close to our long-term increased
Slide 12: Q&A
Q&A 12 Q&A
Slide 13: Contact us
Contact us Investor Inquiries Intact Financial Corporation 700 University Avenue Toronto, ON M5G 0A1 ir@intact.net www.intactfc.com Investor Relations Shubha Khan Vice President, Investor Relations 1 (416) 341-1464 ext. 41004 shubha.khan@intact.net Media Inquiries David Barrett Director, Media, Soci