Intact Financial Corporation · TSX:IFC
Intact Financial — Q2 2024 Earnings Presentation
14 slides from Intact Financial's earnings presentation, Jul 31, 2024
Slide 1: Q2-2024 Review of Performance
Intact Financial Corporation (TSX: IFC) Q2-2024 Review of Performance July 31, 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 Q2-2024 Review of Performance
Slide 5: Q2-2024 key points & highlights
Q2-2024 key points & highlights $4.86 $4.04 NOIPS 1,2 increased year-over-year driven by strong underwriting, investment and distribution results EPS 2 up from last year driven by solid operating and non-operating performances 17.0% OROE 1 increased by 4 points year-over-year, driven by strong opera
Slide 6: Q2-2024 Canadian results
Q2-2024 Canadian results Industry premium growth Operating DPW growth1 Combined ratio1 outlook2 +11% 91.4% Growth in the double-digits driven by rate increases and reflected strong underlying PERSONAL AUTO continued unit growth performance improvement, which tempered lower favourable PYD +9% 78.0% G
Slide 7: Q2-2024 UK&I and US results
Q2-2024 UK&I and US results Operating DPW growth Industry premium growth Combined ratio1 (constant currency)1,2 outlook3 +42% 92.2% Growth at mid-single-digit level mainly due to the DLG brokered in line with expectations following commercial lines acquisition as well as the DLG acquisition UK&I P&C
Slide 8: Progress on our Strategic Roadmap
Progress on our Strategic Roadmap Distribution Digital & AI Supply Chain BrokerLink Digital and Branding Claims Service Centers • Closed 9 acquisitions in Q2-2024 • Capitalized on increased shopping traffic • 5 new locations opened in Q2-2024 for a with 39% increase in our web-influenced total of 37
Slide 9: Louis Marcotte, Chief Financial Officer
Louis Marcotte Executive Vice President & Chief Financial Officer 9 Q2-2024 Review of Performance
Slide 10: Solid underwriting performance of 87.1% in Q2-2024
Solid underwriting performance of 87.1% in Q2-2024 Combined ratios1 (9.2)% Catastrophe • CAT loss ratio of 1.8% was low and largely composed of non- 96.3% losses1 weather-related events impacting our commercial lines of business 87.1% Expense ratio 34.3% 34.1% Prior-year • Favourable PYD ratio of 4.
Slide 11: NOIPS up to $4.86 driven by strong operating performance
NOIPS up to $4.86 driven by strong operating performance Net operating income attributable Underwriting income1 Operating net investment income Distribution income1 to common shareholders1 +111% +270% +19% +23% 866 681 387 169 137 410 326 184 Q2-23 Q2-24 Q2-23 Q2-24 Q2-23 Q2-24 Q2-23 Q2-24 • Net ope
Slide 12: Continued to maintain a strong balance sheet
Continued to maintain a strong balance sheet Capital position Capital Structure Managing volatility Total capital margin1,2 Adjusted debt-to-total capital ratio1,2 Book value per share1,2 $2.9B 19.8% $88.00 and solid regulatory capital ratios in all in line with our long-term target, increased 4% fr
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 Kevin Lemay Deputy Senior Vice President & Head of Financial Performance (514) 805-7340 ir@intact.net Media Inquiries David Barrett Director, Media,