12:42 PM EDT, 04/10/2025 (MT Newswires) -- On April 9, both Intact Financial ( IFCZF ) and Definity Financial ( DFYFF ) issued statements providing estimates for the first-quarter catastrophe losses.

"Although not an ideal start to the year, we see these losses as more than manageable, representing an incremental hit to BVPS of less than 1% for both IFC and DFY," said National Bank analyst Gabriel Dechaine.

Still, Dechaine notes that this level of losses is above typical first-quarter levels for both companies. As with previous catastrophe loss disclosures, any weakness in trading as a result of announced loss estimates is a solid buying opportunity, he adds.

Definity is rated Outperform, with a $70 target.

Intact Financial ( IFCZF ) is rated Outperform, with a $305 target.

Price: 60.74, Change: -0.51, Percent Change: -0.83