Overview

* Intact Financial ( IFCZF ) Q2 EPS rises 16% to C$4.70

* Operating DPW grows 4% driven by Personal lines, combined ratio improves to 86.1%

* Company maintains solid balance sheet with C$3.1 bln capital margin

Outlook

* Intact Financial ( IFCZF ) expects high-single-digit to low-double-digit growth in Personal lines

* Company anticipates mid-single-digit growth in Commercial and Specialty lines

* Intact Financial ( IFCZF ) forecasts favorable market conditions across segments

Result Drivers

* PERSONAL LINES GROWTH - Operating DPW growth of 4% driven by rate actions and unit growth in Personal lines

* COMBINED RATIO IMPROVEMENT - Combined ratio improved by 1 point to 86.1% despite higher catastrophe activity

* UNDERWRITING PERFORMANCE - Strong underwriting performance contributed to increased net operating income per share

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 C$7.03

Operatin bln

g Direct

Premiums

Written

Q2 EPS C$4.7

Q2 Net C$867

Income mln

Q2 86.1%

Combined

Ratio

Q2 C$935

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy"

* Wall Street's median 12-month price target for Intact Financial Corp ( IFCZF ) is C$330.00, about 8.4% above its July 28 closing price of C$302.12

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)