Intact Financial Corporation · TSX:IFC
Intact Financial — Q4 2023 Earnings Presentation
14 slides from Intact Financial's earnings presentation, Feb 14, 2024
Slide 1: Q4-2023 Review of Performance
Make it Intact Intact Financial Corporation (TSX: IFC) Q4-2023 Review of Performance Wednesday, February 14, 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 Q4-2023 Review of Performance
Slide 5: Q4-2023 key points & highlights
Q4-2023 key points & highlights $4.22 NOIPS 1 $2.78 EPS $1.21 2024 Quarterly Dividend solid topline growth, higher underwriting margins, and strong up 48% from Q4-2022 19th consecutive increase since our IPO investment and distribution results. driven by strong growth in net operating income +4% Ope
Slide 6: Q4-2023 Canadian results
Q4-2023 Canadian results Operating DPW growth1 Undiscounted Combined ratio1 Industry outlook2 +12% 95.2% Industry premiums expected to grow Personal Auto rate actions in hard market conditions and largely in line with our seasonally- in the high single-digit range continued momentum in unit growth a
Slide 7: Q4-2023 UK&I and US results
Q4-2023 UK&I and US results Operating DPW growth Undiscounted Combined ratio1 Industry outlook2 (constant currency)1 UK&I +26% 104.6% UK & EU commercial industry premium rates expected to grow at Commercial driven by the DLG transaction and included 11 points of catastrophe a mid-single-digit level
Slide 8: Progress on our strategic roadmap
Progress on our strategic roadmap Canada UK & Ireland Global Specialty Distribution Refocused UK footprint for Pricing sophistication • BrokerLink closed 20 acquisitions in 2023, outperformance • Deployed 6 new predictive AI models to representing $375 million in DPW • Acquisition of Direct Line’s b
Slide 9: Louis Marcotte
Louis Marcotte Executive Vice President & Chief Financial Officer 9 Q4-2023 Review of Performance
Slide 10: Q4-2023 underwriting review
Q4-2023 underwriting review Catastrophe losses1 Undiscounted combined ratios1 • $199 million of catastrophe losses in Q4-2023 exceeded expectations in the UK&I, and 93.2% were driven by two severe windstorms in the UK and Europe 90.1% 5.1% 2.8% • Increased our guidance for annual catastrophe losses
Slide 11: Q4-2023 operating income
Q4-2023 operating income Net operating income attributable to common shareholders1 +48% Net operating income attributable to common shareholders1 of $752 million was driven by topline growth, solid underlying performance, as well as strong investment and distribution results. 752 Operating net inves
Slide 12: Maintaining a strong balance sheet
Maintaining a strong balance sheet Sustaining a strong capital Managing leverage Managing volatility position Total capital margin1,2 Adjusted debt-to-total capital ratio1,2 Book value per share2 $2.7B 22.4% $81.71 Capital generation and favourable market Expected to return to our long-term increase
Slide 13: Q&A
Q&A 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 Shubha Khan Vice President, Investor Relations 1 (416) 341-1464 ext. 41004 shubha.khan@intact.net Media Inquiries David Barrett Director, Media, Soci