05:22 PM EDT, 05/06/2025 (MT Newswires) -- Intact Financial ( IFCZF ) Tuesday after hours reported first quarter net income that was slightly above estimates.

The property & casualty insurer said net income for the first quarter was modestly higher, at $676 million, or $3.69 per share, compared with $673 million, or $3.68, in the prior year period. The result beat the consensus analyst estimate of $3.55 oer share, according to Capital IQ.

Operating direct premiums written grew 3% to $5.36 billion, due to continued momentum in Personal lines, but missed the $5.56 billion forecast.

Intact Financial ( IFCZF ) reported a 6% increase to underwriting income to $485 million, while adjusted return on equity rose to 16.1%, from 13.5%.

In its 12-month industry outlook, Intact said it expects catastrophe loss trends and uncertainty driven by geopolitical conflicts to continue. It expects low double-digit premium growth in personal auto and property. Mid single-digit premium growth is expected in commercial and specialty lines worldwide.

Intact Financial ( IFCZF ) closed up $2.43 to $309.25 on the Toronto Stock Exchange.