This investor presentation provides an overview of Intact Financial Corporation (IFC), Canada's largest property and casualty insurer. Some key points:
1) IFC has consistently outperformed the industry on measures like return on equity, combined ratio, and premium growth over the past 10 years.
2) IFC aims to continue beating industry ROE by 500 bps annually and growing net operating income per share by 10% per year through initiatives like pricing segmentation, claims management, and acquisitions.
3) IFC has a strong capital position with $904 million in excess capital and a 215% Minimum Capital Test ratio as of Q1 2016. Management plans to continue increasing dividends and share buybacks
Intact Financial Corporation presented its investor presentation for June 2010. The presentation highlighted Intact's position as the dominant property and casualty insurer in Canada with over $4 billion in annual premiums written. Intact has a significant scale advantage over its competitors and has consistently outperformed the industry on key metrics like combined ratio and return on equity. The presentation also summarized Intact's strong financial results for the first quarter of 2010, including net operating income per share growth of 62.1% and an annualized return on equity of 16.1%.
Intact Financial Corporation is Canada's largest home, auto and business insurer, with a 17% market share in a fragmented industry. It has consistently outperformed the industry over 10 years in terms of premium growth, combined ratio, and return on equity. Intact has several competitive advantages including scale, sophisticated pricing and underwriting, in-house claims expertise, and broker relationships. The presentation outlines Intact's strategy to continue growing organically and through acquisitions to consolidate the Canadian property and casualty insurance market.
Intact Financial Corporation is Canada's largest personal and commercial insurer. It has $6.5 billion in direct premiums written and is the number 1 insurer in several Canadian provinces. The presentation outlines Intact's scale advantages, consistent outperformance of industry metrics like combined ratio and return on equity, and strategic focus areas of enhancing its business mix, pursuing acquisitions, and returning capital to shareholders. Intact is well positioned for continued growth and outperformance relative to the Canadian property and casualty insurance industry.
Intact Financial Corporation is Canada's largest personal and commercial property and casualty insurer, with $7 billion in annual premiums written. It has leading market shares in several Canadian provinces and consistently outperforms the industry on key metrics like combined ratio and return on equity. Intact has a diversified business mix across personal and commercial lines as well as regions. It expects to continue outperforming peers in 2013 through scale advantages, underwriting expertise, and a balanced investment portfolio.
Intact Financial Corporation is Canada's largest personal and commercial insurer. Some key points:
- IFC has $6.5 billion in annual premiums and holds the #1 market share position in several Canadian provinces.
- IFC has consistently outperformed the Canadian P&C insurance industry over the past 10 years based on metrics like combined ratio, return on equity, and premium growth.
- IFC has a strong financial position with $11.8 billion in invested assets and excess capital of $435 million. The company pursues growth through acquisitions, organic expansion, and returning capital to shareholders.
- Looking ahead, IFC is well-positioned to continue outperforming competitors
This document provides an investor presentation for Intact Financial Corporation (IFC), Canada's largest property and casualty insurer. Some key points:
- IFC has consistently outperformed the industry on measures like return on equity, combined ratio, and premium growth over the past 10 years.
- IFC aims to continue beating the industry ROE by 500 basis points annually and growing net operating income per share by 10% per year through initiatives like pricing segmentation, claims management improvements, and pursuing growth opportunities.
- IFC has a strong financial position with over $850 million in excess capital and debt below target levels. It maintains high credit ratings from major agencies.
- The Canadian P&C insurance industry
Intact Financial Corporation held an investor presentation in February 2011. The presentation discussed IFC's position as the largest property and casualty insurer in Canada, with $4.5 billion in direct premiums written. It highlighted IFC's consistent outperformance of the Canadian P&C industry, including a 10-year combined ratio that was 3.8 percentage points better than the industry average. The presentation also outlined IFC's growth strategies, including organic growth through its multiple distribution channels and the potential for industry consolidation through acquisitions.
Intact Financial Corporation is Canada's largest property and casualty insurer with an estimated 17% market share. The presentation outlines Intact's consistent outperformance versus the industry through scale advantages, underwriting expertise, and acquisition strategy. Intact has achieved returns on equity 5 points higher than the industry average each year and targets net operating income per share growth of 10% annually. The company is well positioned for future growth through firming market conditions, expanding existing platforms, consolidating the Canadian market, and potential international expansion.
Intact Financial Corporation presented its investor presentation for June 2010. The presentation highlighted Intact's position as the dominant property and casualty insurer in Canada with over $4 billion in annual premiums written. Intact has a significant scale advantage over its competitors and has consistently outperformed the industry on key metrics like combined ratio and return on equity. The presentation also summarized Intact's strong financial results for the first quarter of 2010, including net operating income per share growth of 62.1% and an annualized return on equity of 16.1%.
Intact Financial Corporation is Canada's largest home, auto and business insurer, with a 17% market share in a fragmented industry. It has consistently outperformed the industry over 10 years in terms of premium growth, combined ratio, and return on equity. Intact has several competitive advantages including scale, sophisticated pricing and underwriting, in-house claims expertise, and broker relationships. The presentation outlines Intact's strategy to continue growing organically and through acquisitions to consolidate the Canadian property and casualty insurance market.
Intact Financial Corporation is Canada's largest personal and commercial insurer. It has $6.5 billion in direct premiums written and is the number 1 insurer in several Canadian provinces. The presentation outlines Intact's scale advantages, consistent outperformance of industry metrics like combined ratio and return on equity, and strategic focus areas of enhancing its business mix, pursuing acquisitions, and returning capital to shareholders. Intact is well positioned for continued growth and outperformance relative to the Canadian property and casualty insurance industry.
Intact Financial Corporation is Canada's largest personal and commercial property and casualty insurer, with $7 billion in annual premiums written. It has leading market shares in several Canadian provinces and consistently outperforms the industry on key metrics like combined ratio and return on equity. Intact has a diversified business mix across personal and commercial lines as well as regions. It expects to continue outperforming peers in 2013 through scale advantages, underwriting expertise, and a balanced investment portfolio.
Intact Financial Corporation is Canada's largest personal and commercial insurer. Some key points:
- IFC has $6.5 billion in annual premiums and holds the #1 market share position in several Canadian provinces.
- IFC has consistently outperformed the Canadian P&C insurance industry over the past 10 years based on metrics like combined ratio, return on equity, and premium growth.
- IFC has a strong financial position with $11.8 billion in invested assets and excess capital of $435 million. The company pursues growth through acquisitions, organic expansion, and returning capital to shareholders.
- Looking ahead, IFC is well-positioned to continue outperforming competitors
This document provides an investor presentation for Intact Financial Corporation (IFC), Canada's largest property and casualty insurer. Some key points:
- IFC has consistently outperformed the industry on measures like return on equity, combined ratio, and premium growth over the past 10 years.
- IFC aims to continue beating the industry ROE by 500 basis points annually and growing net operating income per share by 10% per year through initiatives like pricing segmentation, claims management improvements, and pursuing growth opportunities.
- IFC has a strong financial position with over $850 million in excess capital and debt below target levels. It maintains high credit ratings from major agencies.
- The Canadian P&C insurance industry
Intact Financial Corporation held an investor presentation in February 2011. The presentation discussed IFC's position as the largest property and casualty insurer in Canada, with $4.5 billion in direct premiums written. It highlighted IFC's consistent outperformance of the Canadian P&C industry, including a 10-year combined ratio that was 3.8 percentage points better than the industry average. The presentation also outlined IFC's growth strategies, including organic growth through its multiple distribution channels and the potential for industry consolidation through acquisitions.
Intact Financial Corporation is Canada's largest property and casualty insurer with an estimated 17% market share. The presentation outlines Intact's consistent outperformance versus the industry through scale advantages, underwriting expertise, and acquisition strategy. Intact has achieved returns on equity 5 points higher than the industry average each year and targets net operating income per share growth of 10% annually. The company is well positioned for future growth through firming market conditions, expanding existing platforms, consolidating the Canadian market, and potential international expansion.
Intact Financial Corporation is Canada's largest property and casualty insurer with a market share of approximately 17%. Over the past 10 years, IFC has consistently outperformed the industry in key metrics such as return on equity, premium growth, and combined ratio. IFC attributes its success to scale advantages, sophisticated pricing and underwriting, in-house claims expertise, and strategic capital management. IFC aims to continue growing organically and through acquisitions to capitalize on ongoing consolidation opportunities in the fragmented Canadian P&C insurance market.
This document provides an investor presentation for Intact Financial Corporation, Canada's largest home, auto, and business insurer. Some key points:
- IFC has the largest market share in the fragmented Canadian P&C insurance industry and has outperformed the industry over 10 years.
- IFC aims to have 2 million customer advocates by 2020 and be one of Canada's most respected and best employer brands. It has met multiple financial targets including 10% annual NOIPS growth.
- IFC recently acquired OneBeacon, expanding its specialty insurance business in both Canada and the US. The acquisition is financially accretive and leverages both companies' expertise.
- IFC maintains a strong financial position with
Intact Financial Corporation is Canada's largest home and auto insurer, with $7 billion in annual premiums. It has consistently outperformed the industry in key metrics like combined ratio, return on equity, and growth. Intact aims to continue growing organically and through acquisitions in Canada's fragmented insurance market. Recent acquisitions of AXA Canada and JEVCO are on track to deliver synergies. Challenges include a low interest rate environment and elevated catastrophe losses. Intact is well capitalized and pursuing growth through firming market conditions, developing existing brands, industry consolidation, and potential international expansion.
- Intact Financial Corporation is Canada's largest home, auto and business insurer with over 5.9 billion in direct premiums written and a 17.3% market share.
- IFC has consistently outperformed the industry over 10 years in terms of premium growth, combined ratio, and return on equity.
- IFC aims to grow its net operating income per share by 10% per year, outperform the industry return on equity by 500 basis points annually, and have over 2 million customer advocates by 2020.
The survey of over 100 top dealmakers finds strong confidence in the global M&A market in 2013. North American, European, and Greater China advisors largely expect increased deal activity globally and within their own regions compared to 2012. Key drivers are seen as strong CEO confidence, improving economies, and growing appetite for Chinese outward expansion. In North America, domestic deals and the consumer goods sector are expected to be most active. Greater China advisors anticipate outbound Chinese deals, while European advisors foresee foreign acquisitions in Europe driving activity.
Intact Financial Corporation is Canada's largest property and casualty insurer, with $7 billion in annual direct premiums written. It has consistently outperformed the industry in key metrics like combined ratio, return on equity, and premium growth over the past 10 years. Intact plans to continue growing organically and through acquisitions, leveraging its scale advantages in pricing, claims management, and distribution. Recent acquisitions of AXA Canada and Jevco have added $2.9 billion in annual premiums and are exceeding expectations.
This document is an investor presentation for Intact Financial Corporation, the largest property and casualty insurer in Canada. Some key points:
- Intact has over $7 billion in direct premiums written and is the largest P&C insurer in Canada.
- It has outperformed the P&C industry over the past 10 years in terms of premium growth, return on equity, and combined ratio.
- Intact aims to continue beating the industry ROE by 5 points annually through initiatives like pricing and claims management improvements.
Intact Financial Corporation is Canada's largest home, auto and business insurer with over $4 billion in annual direct premiums written. It has a dominant market share in Ontario, Quebec, Alberta and Nova Scotia. Intact has consistently outperformed the Canadian P&C insurance industry in terms of premium growth, combined ratios and returns on equity over the past 10 years. The company has a strong financial position with $8.2 billion in invested assets and excess capital of $766 million. Intact plans to continue growing organically through rate increases and expanding its broker relationships, direct and affinity brands. It also aims to participate in industry consolidation through its $1 billion acquisition capacity.
Intact Financial Corporation is Canada's largest property and casualty insurer with an estimated 17% market share. The presentation outlines Intact's consistent outperformance versus the industry through scale advantages, underwriting expertise, and acquisition strategy. Intact has achieved returns on equity 5 points higher than the industry average each year and targets net operating income per share growth of 10% annually. The company is well positioned for further growth through firming market conditions, developing existing platforms, Canadian market consolidation, and potential international expansion.
Intact Financial Corporation is Canada's largest property and casualty insurer, with over $7 billion in annual premiums written. It has leading market shares in several Canadian provinces and outperforms the industry on key metrics like combined ratio, return on equity, and premium growth over both short-term and long-term periods. Intact aims to continue growing organically and through acquisitions while maintaining strong financial performance through initiatives in pricing, claims management, and capital deployment.
This document provides an investor presentation for Intact Financial Corporation, a leading property and casualty insurer in Canada. Some key points:
1) Intact has consistently outperformed the industry in terms of return on equity, combined ratio, premium growth, and market share over the past 10 years.
2) Intact aims to beat industry return on equity by 5 points annually through initiatives like pricing and segmentation, claims management, and capital management.
3) Intact has a strong financial position with excess capital, high credit ratings, and a track record of growth and profitability. Management sees opportunities for further industry consolidation.
This document provides an investor presentation for Intact Financial Corporation, a leading property and casualty insurer in Canada. Some key points:
- Intact has consistently outperformed the P&C industry over the past 10 years in measures like return on equity, combined ratio, and premium growth.
- Intact has a significant scale advantage compared to competitors and employs sophisticated pricing, underwriting, claims management, and distribution strategies.
- Intact's goals are to beat the industry ROE by 5 points annually and achieve 10% net operating income per share growth over time through organic growth, margin improvement, and capital deployment including acquisitions.
- Intact Financial Corporation is Canada's largest property and casualty insurer with over $7 billion in annual premiums and market leading positions in several Canadian provinces.
- Intact has consistently outperformed the industry on key metrics like premium growth, combined ratio, and return on equity over the past 10 years due to advantages in scale, underwriting, claims management, and investments.
- Intact plans to continue beating industry ROE by 5 points annually through initiatives in pricing, claims management, organic growth, and capital deployment while reinvesting in the customer experience.
Intact Financial Corporation is Canada's largest property and casualty insurer with an estimated 17% market share. The presentation outlines Intact's consistent outperformance compared to industry averages over 10 years in return on equity, combined ratio, and premium growth. Intact attributes its success to significant scale advantages, sophisticated pricing and underwriting, in-house claims expertise, and a proven acquisition strategy. The presentation discusses Intact's financial strength and avenues for future growth through firming market conditions, developing existing platforms, consolidating the Canadian market, and expanding beyond existing markets.
Shopify is an e-commerce platform with over 325,000 active merchants and $3.8 billion in gross merchandise volume (GMV) in Q3 2016. The company has a powerful business model with strong, consistent growth in revenue, monthly recurring revenue (MRR), and GMV driven by an increasing merchant base and expanding offerings. Shopify has a long-term focus on growth through additional solutions, channels, and international expansion while maintaining operating leverage through infrastructure investments.
This investor presentation provides an overview of Intact Financial Corporation (IFC), Canada's largest provider of property and casualty insurance. Some key points:
- IFC has consistently outperformed the industry on key metrics like return on equity, combined ratio, and premium growth over the past 10 years.
- IFC's strategies for continued outperformance include sophisticated pricing, in-house claims expertise, and leveraging its scale advantage. It aims to beat the industry ROE by 500 bps annually.
- IFC has a strong financial position with over $857 million in excess capital and investment portfolio of high quality fixed income securities.
- The presentation outlines IFC's strategies for organic growth, consolidation
The document discusses Intact Financial Corporation's acquisition of AXA Canada. The key points are:
1) The acquisition strengthens IFC's position as the largest property and casualty insurer in Canada, increasing its premiums by over 40%.
2) The acquisition is financially compelling with an expected internal rate of return of 20% and accretion to net operating income per share.
3) Combining the two companies creates a leading P&C insurer in Canada and provides numerous diversification and synergistic benefits.
Intact Financial Corporation is Canada's largest personal and commercial property and casualty insurer. Some key points from the document:
- Intact has over $7.3 billion in annual premiums and leads the market in several Canadian provinces.
- The company has a diversified business across personal and commercial lines as well as different distribution channels.
- Intact aims to outperform the industry in key metrics like return on equity by at least 500 basis points annually through initiatives like pricing segmentation, claims management, and investments.
- The company has an $13.4 billion investment portfolio and a strategy to generate higher returns than peers from active management and preferred exposures.
- Intact will pursue growth organically and through
This presentation provides an overview of Intact Financial Corporation, a leading property and casualty insurer in Canada. Key points include:
- Intact is the largest P&C insurer in Canada with $6.5 billion in direct premiums written and dominant market positions in several provinces.
- Intact has significant scale advantages over competitors and has consistently outperformed the industry in terms of growth, underwriting results, and returns.
- The company has a strong capital position with excess capital, high credit ratings, and a diversified, high-quality investment portfolio.
- Management's capital priorities are paying dividends to shareholders and pursuing acquisitions to further grow the business.
Intact Financial Corporation is Canada's largest property and casualty insurer, with $6.5 billion in annual premiums. The presentation discusses Intact's strong market position in Canada, consistent outperformance of industry benchmarks, and plans to acquire AXA Canada to further strengthen its business. The acquisition of AXA Canada will increase Intact's premium base by over 40% and accelerate its growth profile through enhanced underwriting capabilities and distribution.
This document provides an investor presentation for Intact Financial Corporation, the largest property and casualty insurer in Canada. Some key points:
- Intact has over $7 billion in direct premiums written and is the largest P&C insurer in Canada.
- It has a $13.4 billion investment portfolio and a proven track record of acquiring and consolidating other insurers in Canada.
- Intact aims to outperform the P&C industry by beating its return on equity by 5 points annually through initiatives like claims management, pricing and segmentation, and investments and capital management.
Intact Financial Corporation is Canada's largest property and casualty insurer, with $7 billion in direct premiums written. It has consistently outperformed the industry over the past 10 years in key metrics like combined ratio, return on equity, and premium growth. Intact plans to continue growing organically and through acquisitions in the fragmented Canadian P&C market. Recent acquisitions of AXA Canada and Jevco have bolstered Intact's capabilities and scale. Intact is well-positioned for further industry consolidation and to maintain its track record of outperforming peers.
Intact Financial Corporation is Canada's largest property and casualty insurer with a market share of approximately 17%. Over the past 10 years, IFC has consistently outperformed the industry in key metrics such as return on equity, premium growth, and combined ratio. IFC attributes its success to scale advantages, sophisticated pricing and underwriting, in-house claims expertise, and strategic capital management. IFC aims to continue growing organically and through acquisitions to capitalize on ongoing consolidation opportunities in the fragmented Canadian P&C insurance market.
This document provides an investor presentation for Intact Financial Corporation, Canada's largest home, auto, and business insurer. Some key points:
- IFC has the largest market share in the fragmented Canadian P&C insurance industry and has outperformed the industry over 10 years.
- IFC aims to have 2 million customer advocates by 2020 and be one of Canada's most respected and best employer brands. It has met multiple financial targets including 10% annual NOIPS growth.
- IFC recently acquired OneBeacon, expanding its specialty insurance business in both Canada and the US. The acquisition is financially accretive and leverages both companies' expertise.
- IFC maintains a strong financial position with
Intact Financial Corporation is Canada's largest home and auto insurer, with $7 billion in annual premiums. It has consistently outperformed the industry in key metrics like combined ratio, return on equity, and growth. Intact aims to continue growing organically and through acquisitions in Canada's fragmented insurance market. Recent acquisitions of AXA Canada and JEVCO are on track to deliver synergies. Challenges include a low interest rate environment and elevated catastrophe losses. Intact is well capitalized and pursuing growth through firming market conditions, developing existing brands, industry consolidation, and potential international expansion.
- Intact Financial Corporation is Canada's largest home, auto and business insurer with over 5.9 billion in direct premiums written and a 17.3% market share.
- IFC has consistently outperformed the industry over 10 years in terms of premium growth, combined ratio, and return on equity.
- IFC aims to grow its net operating income per share by 10% per year, outperform the industry return on equity by 500 basis points annually, and have over 2 million customer advocates by 2020.
The survey of over 100 top dealmakers finds strong confidence in the global M&A market in 2013. North American, European, and Greater China advisors largely expect increased deal activity globally and within their own regions compared to 2012. Key drivers are seen as strong CEO confidence, improving economies, and growing appetite for Chinese outward expansion. In North America, domestic deals and the consumer goods sector are expected to be most active. Greater China advisors anticipate outbound Chinese deals, while European advisors foresee foreign acquisitions in Europe driving activity.
Intact Financial Corporation is Canada's largest property and casualty insurer, with $7 billion in annual direct premiums written. It has consistently outperformed the industry in key metrics like combined ratio, return on equity, and premium growth over the past 10 years. Intact plans to continue growing organically and through acquisitions, leveraging its scale advantages in pricing, claims management, and distribution. Recent acquisitions of AXA Canada and Jevco have added $2.9 billion in annual premiums and are exceeding expectations.
This document is an investor presentation for Intact Financial Corporation, the largest property and casualty insurer in Canada. Some key points:
- Intact has over $7 billion in direct premiums written and is the largest P&C insurer in Canada.
- It has outperformed the P&C industry over the past 10 years in terms of premium growth, return on equity, and combined ratio.
- Intact aims to continue beating the industry ROE by 5 points annually through initiatives like pricing and claims management improvements.
Intact Financial Corporation is Canada's largest home, auto and business insurer with over $4 billion in annual direct premiums written. It has a dominant market share in Ontario, Quebec, Alberta and Nova Scotia. Intact has consistently outperformed the Canadian P&C insurance industry in terms of premium growth, combined ratios and returns on equity over the past 10 years. The company has a strong financial position with $8.2 billion in invested assets and excess capital of $766 million. Intact plans to continue growing organically through rate increases and expanding its broker relationships, direct and affinity brands. It also aims to participate in industry consolidation through its $1 billion acquisition capacity.
Intact Financial Corporation is Canada's largest property and casualty insurer with an estimated 17% market share. The presentation outlines Intact's consistent outperformance versus the industry through scale advantages, underwriting expertise, and acquisition strategy. Intact has achieved returns on equity 5 points higher than the industry average each year and targets net operating income per share growth of 10% annually. The company is well positioned for further growth through firming market conditions, developing existing platforms, Canadian market consolidation, and potential international expansion.
Intact Financial Corporation is Canada's largest property and casualty insurer, with over $7 billion in annual premiums written. It has leading market shares in several Canadian provinces and outperforms the industry on key metrics like combined ratio, return on equity, and premium growth over both short-term and long-term periods. Intact aims to continue growing organically and through acquisitions while maintaining strong financial performance through initiatives in pricing, claims management, and capital deployment.
This document provides an investor presentation for Intact Financial Corporation, a leading property and casualty insurer in Canada. Some key points:
1) Intact has consistently outperformed the industry in terms of return on equity, combined ratio, premium growth, and market share over the past 10 years.
2) Intact aims to beat industry return on equity by 5 points annually through initiatives like pricing and segmentation, claims management, and capital management.
3) Intact has a strong financial position with excess capital, high credit ratings, and a track record of growth and profitability. Management sees opportunities for further industry consolidation.
This document provides an investor presentation for Intact Financial Corporation, a leading property and casualty insurer in Canada. Some key points:
- Intact has consistently outperformed the P&C industry over the past 10 years in measures like return on equity, combined ratio, and premium growth.
- Intact has a significant scale advantage compared to competitors and employs sophisticated pricing, underwriting, claims management, and distribution strategies.
- Intact's goals are to beat the industry ROE by 5 points annually and achieve 10% net operating income per share growth over time through organic growth, margin improvement, and capital deployment including acquisitions.
- Intact Financial Corporation is Canada's largest property and casualty insurer with over $7 billion in annual premiums and market leading positions in several Canadian provinces.
- Intact has consistently outperformed the industry on key metrics like premium growth, combined ratio, and return on equity over the past 10 years due to advantages in scale, underwriting, claims management, and investments.
- Intact plans to continue beating industry ROE by 5 points annually through initiatives in pricing, claims management, organic growth, and capital deployment while reinvesting in the customer experience.
Intact Financial Corporation is Canada's largest property and casualty insurer with an estimated 17% market share. The presentation outlines Intact's consistent outperformance compared to industry averages over 10 years in return on equity, combined ratio, and premium growth. Intact attributes its success to significant scale advantages, sophisticated pricing and underwriting, in-house claims expertise, and a proven acquisition strategy. The presentation discusses Intact's financial strength and avenues for future growth through firming market conditions, developing existing platforms, consolidating the Canadian market, and expanding beyond existing markets.
Shopify is an e-commerce platform with over 325,000 active merchants and $3.8 billion in gross merchandise volume (GMV) in Q3 2016. The company has a powerful business model with strong, consistent growth in revenue, monthly recurring revenue (MRR), and GMV driven by an increasing merchant base and expanding offerings. Shopify has a long-term focus on growth through additional solutions, channels, and international expansion while maintaining operating leverage through infrastructure investments.
This investor presentation provides an overview of Intact Financial Corporation (IFC), Canada's largest provider of property and casualty insurance. Some key points:
- IFC has consistently outperformed the industry on key metrics like return on equity, combined ratio, and premium growth over the past 10 years.
- IFC's strategies for continued outperformance include sophisticated pricing, in-house claims expertise, and leveraging its scale advantage. It aims to beat the industry ROE by 500 bps annually.
- IFC has a strong financial position with over $857 million in excess capital and investment portfolio of high quality fixed income securities.
- The presentation outlines IFC's strategies for organic growth, consolidation
The document discusses Intact Financial Corporation's acquisition of AXA Canada. The key points are:
1) The acquisition strengthens IFC's position as the largest property and casualty insurer in Canada, increasing its premiums by over 40%.
2) The acquisition is financially compelling with an expected internal rate of return of 20% and accretion to net operating income per share.
3) Combining the two companies creates a leading P&C insurer in Canada and provides numerous diversification and synergistic benefits.
Intact Financial Corporation is Canada's largest personal and commercial property and casualty insurer. Some key points from the document:
- Intact has over $7.3 billion in annual premiums and leads the market in several Canadian provinces.
- The company has a diversified business across personal and commercial lines as well as different distribution channels.
- Intact aims to outperform the industry in key metrics like return on equity by at least 500 basis points annually through initiatives like pricing segmentation, claims management, and investments.
- The company has an $13.4 billion investment portfolio and a strategy to generate higher returns than peers from active management and preferred exposures.
- Intact will pursue growth organically and through
This presentation provides an overview of Intact Financial Corporation, a leading property and casualty insurer in Canada. Key points include:
- Intact is the largest P&C insurer in Canada with $6.5 billion in direct premiums written and dominant market positions in several provinces.
- Intact has significant scale advantages over competitors and has consistently outperformed the industry in terms of growth, underwriting results, and returns.
- The company has a strong capital position with excess capital, high credit ratings, and a diversified, high-quality investment portfolio.
- Management's capital priorities are paying dividends to shareholders and pursuing acquisitions to further grow the business.
Intact Financial Corporation is Canada's largest property and casualty insurer, with $6.5 billion in annual premiums. The presentation discusses Intact's strong market position in Canada, consistent outperformance of industry benchmarks, and plans to acquire AXA Canada to further strengthen its business. The acquisition of AXA Canada will increase Intact's premium base by over 40% and accelerate its growth profile through enhanced underwriting capabilities and distribution.
This document provides an investor presentation for Intact Financial Corporation, the largest property and casualty insurer in Canada. Some key points:
- Intact has over $7 billion in direct premiums written and is the largest P&C insurer in Canada.
- It has a $13.4 billion investment portfolio and a proven track record of acquiring and consolidating other insurers in Canada.
- Intact aims to outperform the P&C industry by beating its return on equity by 5 points annually through initiatives like claims management, pricing and segmentation, and investments and capital management.
Intact Financial Corporation is Canada's largest property and casualty insurer, with $7 billion in direct premiums written. It has consistently outperformed the industry over the past 10 years in key metrics like combined ratio, return on equity, and premium growth. Intact plans to continue growing organically and through acquisitions in the fragmented Canadian P&C market. Recent acquisitions of AXA Canada and Jevco have bolstered Intact's capabilities and scale. Intact is well-positioned for further industry consolidation and to maintain its track record of outperforming peers.
Intact Financial Corporation is Canada's largest property and casualty insurer, with $7 billion in annual direct premiums written. It has a 17% market share in a still fragmented Canadian P&C insurance market. Intact has consistently outperformed the industry in key metrics like combined ratio, return on equity, and premium growth over the past 10 years. The company intends to continue growing organically and through acquisitions, while maintaining its strong financial position and shareholder-friendly capital management approach. Recent acquisitions of AXA Canada and Jevco have added scale and are progressing on or ahead of expectations.
EQS Roadshow 2012 / Präsentation Anlegerstudie der Universität Leipzig: Ergebnisse und Analysen für die professionelle Kommunikation mit Privatanlegern
Business and Professional CommunicationsDave Hogan
A basic primer on business and professional communication tips, including tips for proper use of cellphones and email. Includes recommendations for personal and business etiquette.
The document is an investor presentation by Multiplus S.A., a Brazilian loyalty coalition network. It provides an overview of Multiplus, including its business model, partnerships, growth opportunities, and strategic objectives. Key points are that Multiplus has over 8 million members and 151 partnerships, with a unique scalable business model generating recurring free cash flow. The presentation also highlights 2010 financial and operating highlights such as an IPO of R$692 million and adjusted EBITDA of R$290.1 million.
Nordic Investor Relations Conference: IR and Social MediaDave Hogan
Social media is being adopted more slowly by investor relations departments compared to other corporate functions. While Twitter is the most commonly used tool, many companies only use it to announce previously disclosed news rather than engaging in two-way conversations. The document provides examples of how other social media platforms like YouTube, blogs, and LinkedIn can be leveraged to tell a company's story and engage with stakeholders in IR.
Pacific Coal is on track to become Colombia's leading independent coal producer by increasing production from its existing assets. The company has a diverse portfolio of producing thermal coal assets including the La Caypa mine, Cerro Largo mine, and Jam coking coal mine. Pacific Coal plans to increase production from these assets, explore underground potential, and leverage regional infrastructure to capture value throughout the coal supply chain. The company has an experienced management team and a strategy of pursuing growth through operational improvements and potential acquisitions.
MoneyOnMobile is a mobile payment network operating primarily in India. It has over 310,000 retail stores enabled on its network and has processed $754 million in volume over the past twelve months. It sees significant growth opportunities in India given the country's large unbanked population and reliance on cash transactions. The presentation provides an overview of MoneyOnMobile's business model, growth strategies, competition, management team, and historical financial and operational metrics.
Investor Relations 2 0 - Global Benchmark Study 2012 - University of LeipzigKristin Koehler
Empirical study investigating how corporations in the United States, Germany, United Kingdom, France, and Japan use social media for financial communications, both on their own websites and on external platforms including mobile channels. Global benchmark of 190 companies including the 150 largest firms listed on DJIA (Dow Jones Industrial Average, USA), FTSE (Financial Times London Stock Exchange Index, UK), CAC (Cotation Assistée en Continu quarante, France), DAX (Deutscher Aktien-Index, Germany), NIKKEI (Nihon Keizai Shimbun Index, Japan), as well as the top 10 companies in regard to market cap, and the top 10 companies in regard to performance of the US mid- and small-cap indices Russell Midcap and Russell 2000. As the third annual study in a row, this research provides longitudinal data and in-depth analysis based on content analysis and statistical evaluation. Authors: Ansgar Zerfass and Kristin Koehler, University of Leipzig, Germany.
Anlegerstudie 2012 - Informationsanforderungen von Privatanlegern und Perspek...Kristin Koehler
Ergebnisbericht einer Befragung von Privatanlegern in Deutschland: Wie und mit welchen Informationen will diese wichtige Zielgruppe der Finanzkommunikation versorgt werden, welche Rolle spielen Internet und Social Media, wo liegen heute noch Defizite? Eine Studie des Instituts für Kommunikations- und Medienwissenschaft der Universität Leipzig gemeinsam mit der Deutschen Schutzvereinigung für Wertpapierbesitz e.V. (DSW), der Schutzgemeinschaft der Kapitalanleger e.V. (SdK) und der Deutsche EuroShop AG untersucht. Befragt wurden mehr als 500 Privatanleger in Deutschland mit monetärem Engagement in Aktien, Investmentfonds und/oder Unternehmensanleihen. 69 Seiten, PDF, Mai 2012.
Intact Financial Corporation is Canada's largest property and casualty insurer with over $7 billion in direct premiums written annually. It has a leading market share position in several Canadian provinces and distinct insurance brands. The presentation outlines Intact's strategy to continue outperforming the Canadian P&C industry through initiatives like pricing segmentation, claims management, and organic growth. Intact also intends to pursue further industry consolidation and expanding its direct business. The company has a strong financial position and track record of acquisitions that has positioned it for continued growth.
Présentation aux investisseurs (anglais seulement) novembre 2014Intact
Intact Financial Corporation is Canada's largest property and casualty insurer, with over $7 billion in annual premiums written. It has leading market shares in several Canadian provinces and outperforms the industry on key metrics like combined ratio, return on equity, and premium growth over both short-term and long-term periods. Intact aims to continue growing organically and through acquisitions while maintaining strong financial performance through initiatives in pricing, claims management, and capital deployment.
- Intact Financial Corporation is Canada's largest home, auto and business insurer with a 17.3% market share in a fragmented industry.
- IFC has consistently outperformed the industry over the past 10 years in terms of premium growth, combined ratio, and return on equity.
- IFC aims to continue growing profitably through organic growth, margin improvement, claims management, pricing and segmentation, and investments and capital management.
Intact Financial Corporation is Canada's largest home, auto and business insurer, with a 10-year track record of outperforming the industry. It has the largest market share in a fragmented Canadian property and casualty insurance industry. Intact aims to grow its net operating income per share by 10% per year and outperform the industry return on equity by 500 basis points annually through organic growth initiatives and acquisitions like the recent purchase of OneBeacon, which expanded Intact's U.S. presence. Intact maintains a strong financial position with excess capital and high credit ratings to support future growth opportunities.
Intact Financial Corporation is Canada's largest property and casualty insurer, with a 17.1% market share. Over the past 10 years, Intact has consistently outperformed the Canadian P&C industry in key metrics such as return on equity, direct premiums written growth, and combined ratio. Intact attributes its strong performance to significant scale advantages, sophisticated pricing and underwriting, multi-channel distribution, proven acquisition strategy, in-house claims expertise, and broker relationships.
Intact Financial Corporation is Canada's largest home, auto and business insurer, with a 17% market share in a fragmented industry. It has consistently outperformed the industry in terms of premium growth, combined ratio, and return on equity over the past 10 years. Intact aims to further improve profitability and grow its specialty solutions business in North America through organic growth initiatives and the recent acquisition of OneBeacon, which expanded its U.S. presence.
Presentation aux investisseurs (anglais seulement) mai 2013Intact
Intact Financial Corporation is Canada's largest personal and commercial property and casualty insurer. It has a 17% market share in a still fragmented Canadian P&C insurance industry. Intact has consistently outperformed the industry in terms of premium growth, combined ratio, and return on equity over the past 10 years due to its scale advantages, sophisticated pricing, in-house claims expertise, and acquisition strategy. Intact is well positioned for continued growth organically and through M&A within the Canadian market as well as potential international expansion over the long term.
Présentation aux investisseurs (anglais seulement) decembre 2013Intact
Intact Financial Corporation is Canada's largest property and casualty insurer, with $7 billion in direct premiums written. It has consistently outperformed the Canadian P&C industry over the past 10 years in key metrics like return on equity, direct premium growth, and combined ratio. Intact aims to continue growing organically and through acquisitions in both personal and commercial insurance while maintaining its competitive advantages of scale, sophisticated pricing, claims expertise, and relationships.
Presentation aux investisseurs (anglais seulement) septembre 2013Intact
Intact Financial Corporation is Canada's largest property and casualty insurer, with $7 billion in direct premiums written. It has consistently outperformed the industry over the past 10 years in key metrics like combined ratio, return on equity, and premium growth. Intact plans to continue growing organically and through acquisitions in the fragmented Canadian P&C market. Recent acquisitions of AXA Canada and Jevco have bolstered Intact's capabilities and scale. Intact is well-positioned for further industry consolidation and to maintain its track record of outperforming peers.
Presentation aux investisseurs (anglais seulement) aout 2013Intact
Intact Financial Corporation is Canada's largest property and casualty insurer, with $7 billion in annual direct premiums written. It has consistently outperformed the industry in key metrics like combined ratio, return on equity, and premium growth over the past 10 years. Intact plans to continue growing organically and through acquisitions, leveraging its scale advantages, sophisticated pricing, claims expertise, and relationships. Recent acquisitions of AXA Canada and Jevco have added $2.8 billion in annual premiums and are exceeding expectations.
Intact Financial Corporation is Canada's largest home, auto and business insurer, with a 10-year track record of outperforming the industry. It aims to achieve a combined ratio in the low 90s, exceed industry return on equity by 5 points, and grow net operating income per share by 10% per year over time through organic growth, margin improvement and claims management. The acquisition of OneBeacon expanded Intact's presence in attractive specialty insurance lines in the US and provides a more balanced portfolio and geographic diversification.
The document provides an investor presentation for Intact Financial Corporation, Canada's largest home, auto, and business insurer. Some key points:
- IFC has consistently outperformed the industry over the past 10 years in areas like premium growth, combined ratio, and return on equity.
- IFC aims to have 3 out of 4 customers as advocates who actively engage digitally, achieve a combined ratio in the low 90s, and exceed industry ROE by 5 points in Canada and the U.S.
- IFC has achieved its target of 10% annual growth in net operating income per share. It has also regularly exceeded its target of outperforming industry ROE by 500 basis points.
Intact Financial Corporation is Canada's largest home, auto and business insurer with over $4 billion in annual direct premiums written. It has a dominant market share in Ontario, Quebec, Alberta and Nova Scotia. Intact has consistently outperformed the Canadian P&C insurance industry in terms of premium growth, combined ratios and returns on equity over the past 10 years. The company has a strong financial position with $8.2 billion in invested assets and excess capital of $766 million. Intact plans to continue growing organically through rate increases and expanding its broker relationships, direct and affinity brands. It also aims to participate in industry consolidation through its $1 billion acquisition capacity.
Genworth MI Canada Investor Presentation September 2014genworth_financial
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The document is an agenda and presentation slides from JPMorgan Chase's 2019 Investor Day. Some key points:
- JPMorgan Chase delivered strong financial results in 2018 with record revenues and income. Expenses increased due to higher revenues and additional investments.
- The Corporate & Investment Bank gained market share faster than peers across many businesses and geographies, strengthening its global leadership positions.
- The Equities business has steadily increased market share in key products like Cash Equities and Prime Finance through investments in execution capabilities.
- Electronification has increased demand for sophisticated execution tools to reduce costs, and JPMorgan is investing in technology like Algo Central to meet evolving client needs.
Genworth MI Canada Inc. reported strong financial results for the second quarter of 2014. Premiums written increased 17% year-over-year to $160 million due to higher market penetration and housing activity. Net operating income grew 12% to $99 million and operating EPS increased 17% to $1.04. Losses on claims declined to $17 million as the company benefits from a high quality insurance portfolio and favorable economic conditions. The minimum capital test ratio remained well above targets at 230%.
- Genworth MI Canada reported financial results for Q1 2016, with premiums written down 45% quarter-over-quarter due to targeted underwriting changes and a smaller transactional insurance market. The loss ratio was 24%, up slightly from the previous quarter.
- Key themes for 2016 include new capital standards for mortgage insurers being implemented in 2017, a focus on underwriting quality, and moderately lower premiums written with expected growth of over 5% in premiums earned.
- The portfolio quality of new insurance written continues to improve compared to 2007/08 levels, with steadily rising credit scores and stable debt servicing ratios.
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World economy charts case study presented by a Big 4
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World economy charts case study presented by a Big 4
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2. 2
Canada’s P&C insurance leader
6.1%
6.5%
8.7%
10.4%
17.0%
#5
#4
#3
#2
IFC
Return on equity
Combined ratio
Premium growth
Leader in a fragmented
industry
10-year outperformance
versus the industry
Distinct brands
1
2
Industry data: IFC estimates based on MSA Research excluding Lloyd’s, ICBC, SGI, SAF, MPI, Genworth and IFC (Aviva is pro forma including RBC General Insurance Company).
All data as at December 31, 2015.
1 Combined ratio includes the market yield adjustment (MYA).
2 ROEs reflect IFRS beginning in 2010. Since 2011, IFC's ROE is adjusted return on common shareholders' equity (AROE).
3.9 pts
3.1 pts
5.8 pts
3. 3
Consistent outperformance
96.6%
9.2%
92.8%
14.3%
Combined ratio ROE
Industry IFC
6.2 pts
4.3 pts
2.7 pts
6.4 pts
Personal Auto Personal
Property
Commercial
P&C
Commercial
Auto
Five-year average loss ratio
outperformance gap
YE2015 outperformance
(for the period ended December 31, 2015)
(for the period ended December 31, 2015)
Industry data: IFC estimates based on MSA Research excluding Lloyd’s, ICBC, SGI, SAF, MPI, Genworth and IFC.
Combined ratio includes market yield adjustment (MYA)
IFC’s ROE corresponds to the AROE
Sophisticated
pricing and
underwriting
Broker
relationships
Tailored
investment
management
Multi-channel
distribution
Proven
acquisition
strategy
In-house
claims
expertise
Scale
advantage
4. 4
Beat industry ROE by
500 bps every year
NOIPS growth of 10%
per year over time
Investments &
Capital Mgmt
2 points
Pricing &
Segmentation
2 points
Claims Management
3 points
Organic Growth
3-5%
Margin Improvement
0-3%
Capital Mgmt &
Deployment
3-5%
* Leaves 2 points to
reinvest in customer
experience (price, product,
service, brand)
How we will achieve our
financial objectives
5. 5
Achieving and outperforming
our financial objectives
$0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
2011 2012 2013 2014 2015
0
100
200
300
400
500
600
700
800
5-year avg. FY2015
500 bps target
We will continue to target 500 bps
ROE outperformance vs. the industry
We will continue to target NOIPS
growth of 10% per year over time
Industry data: IFC estimates based on MSA Research excluding Lloyd’s, ICBC, SGI, SAF, MPI, Genworth and IFC.
IFC’s ROE corresponds to the AROE
6. 6
Industry outlook is conducive
to our strategies
Growth numbers reflect Industry Top 20 (excluding IFC) for the 12 month period ended December 31, 2015
LTM growth: 1.2%
Next 12 months:
• Expect low-single-digit
growth in personal auto.
• Current cost pressures
should lead to moderate
rate increases in all
markets.
Next 12 months:
• Expect upper single-digit
growth.
• Hard market conditions
likely to continue.
LTM growth: 6.6%
Rational regulatory
environment
Next 12 months:
• Expect low to mid single-digit
growth in commercial lines.
• Firmer market conditions with
rates stabilizing.
LTM growth: 2.9%
7. 7
Four avenues of growth
Firming market
conditions
Develop existing platforms
Consolidate Canadian market
Expand beyond existing
markets
0 1 year 2 years 3 years 4 years 5 years
8. 8
A.M. Best DBRS Fitch Moody’s
Long-term issuer credit ratings of IFC a- A A- Baa1
IFC’s principal insurance subsidiaries A+ AA (low) AA- A1
Our balance sheet is solid
$904 215%
million in
total excess
capital
Minimum
Capital Test
(MCT)
debt-to-capital
ratio, below
our target
level of 20%
* All data as of March 31, 2016
1 Refer to Section 11.2 – Credit ratings of the Q1-2016 MD&A for additional commentary.
Low sensitivity to capital
markets volatility
3 pts 1 pts
of MCT per
100 bps in
interest rates
of MCT per 5%
decrease in
preferred share
prices
2 pts
of MCT per
10% decrease
in common
shares prices
19.5%
Strong financial position
Credit ratings1
10. 10
Our people advantage
Recognized as one of Canada’s Top 100 Employers by MediaCorp
Canada Inc. for 2016. We scored highly on the project’s eight criteria
which include health benefits, vacation, employee communications,
performance management, and community involvement.
We believe that engaged employees provide the best customer
service, and we are proud that our employees ranked us as one of
Canada’s Best Employers in the 2015 Aon Hewitt Employee
Engagement Survey.
We have a deep executive talent pool. Executive Committee members
have an average of 17 years experience with the organization in various
roles and we have identified approximately 5 successors for each
Executive Committee position.*
We will continue to invest in people and create a
strong and diverse workplace
* As of December 31, 2015
11. 11
Key takeaways
2
3
4
1
Deep bench in place to ensure the sustainability
of our performance
We have a strong financial position and a
proven track record of consolidation
We have a sustainable competitive edge due
to our disciplined approach and scale advantage
Our broad distribution platform positions us
well for organic growth
13. 13
P&C insurance in Canada
A $47 billion market representing approximately 3% of GDP
Industry DPW by line of business
Industry – premiums by province
• Fragmented market:
– Top five represent 49%, versus bank/lifeco
markets which are closer to 65-75%
– IFC is largest player with approx. 17%
market share, versus largest bank/lifeco
with 22-25% market share
– P&C insurance shares the same regulator
as the banks and lifecos
• Home and commercial insurance rates
unregulated; personal auto rates regulated in
some provinces.
• Capital is regulated nationally by OSFI* and by
provincial authorities in the case of provincial
insurance companies.
• Brokers continue to own commercial lines and a
large share of personal lines in Canada; direct-to-
consumer channel is growing (industry distribution
ex. IFC = brokers 59.8% and direct 40.2%).
• Industry has grown at 6% CAGR and delivered
ROE of approximately 10% over the last 30 years.
Industry data: IFC estimates based on IBC and MSA Research Inc. excluding Lloyd’s, ICBC,
SAF, SGI, MPI and Genworth. MSA Research Inc. data excludes provincially regulated
entities. Data as at the end of 2015.
* OSFI = Office of the Superintendent of Financial Institutions Canada
Personal
Auto, 36%
Personal
Property,
23%
Commercial
P&C and
other, 34%
Commercial
Auto, 7%
Ontario,
48%
Quebec,
14%
Alberta,
18%
Other
provinces
and
territories,
20%
14. 14
P&C industry 10-year
performance versus IFC
Return on equity Direct premiums written growth
Combined ratioIFC’s competitive advantages
• Scale advantage
• Sophisticated pricing and underwriting
discipline
• In-house claims expertise
• Broker relationships
• Solid investment returns
• Strong organic growth potential
CAD Industry1
10-year avg.
= 8.9%
10-year avg.
= 14.7%2
CAD Industry1
10-year avg.
= 98.4%
10-year avg.
= 95.3%
10-year avg.
= 7.4%
CAD Industry1
10-year avg.
= 3.5%
(Base 100 = 2005)
0%
5%
10%
15%
20%
25%
30%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
85%
90%
95%
100%
105%
110%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
95
115
135
155
175
195
215
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
1 Industry data: IFC estimates based on SNL Financial and MSA Research excluding Lloyd’s, ICBC, SGI, SAF, MPI, Genworth and IFC. All data as at Dec 31, 2015.
2 ROEs reflect IFRS beginning in 2010. Since 2011, IFC's ROE is adjusted return on common shareholders' equity (AROE).
US Industry1
10-year avg.
= 8.7%
US Industry1
10-year avg.
= 99.9%
US Industry1
10-year avg.
= 1.9%
15. 15
45%
24%
31%
Personal Auto
Personal Property
Commercial Lines
41%
28%
18%
13%
Ontario
Quebec
Alberta
Rest of Canada
78%
8%
14%
Intact Insurance
BrokerLink
Direct to consumer
2015 DPW by
Business Line
2015 DPW by
Geography
2015 DPW by
Distribution Channel
A strong and diversified base for growth
* Excluding pools, as of December 31, 2015
Operation snapshot
16. 16
>1,000 4 $100K
claims locations
have been set up
donation made to the
Canadian Red Cross
employees helping
affected customers
1,500 1,400 350
condos / tenant businesseshomeowners
Our approximate exposure:
Our Cat Response Plan has been activated
We are actively sharing information with
customers, brokers, employees and the
community via multiple communication
channels.
Early assessment using satellite imagery and geocoding
technology indicates insured damages of $1.00 to
$1.20 per share (net of reinsurance and tax)
Fort McMurray update
17. 17
Ontario personal auto update
• Ontario auto accounts for approximately
one quarter of our direct premiums
written.
• We continued our solid outperformance
versus the industry.
• We are taking action to address claims
cost inflation and maintain our margins.
Update
• We continue to expect that cost
reduction measures will produce
benefits in line with rate reductions
taken.
• All reforms announced to date should be
reflected in rates effective June 2016.
The Ontario government had a
mandate to reduce insurance rates
while also reducing costs for insurers
-14%
-12%
-10%
-8%
-6%
-4%
-2%
0%
Q2-13
Q3-13
Q4-13
Q1-14
Q2-14
Q3-14
Q4-14
Q1-15
Q2-15
Q3-15
Q4-15
Q1-16
Industry IFC
Cumulative Ontario Auto Rate Decreases *
* Source: IFC estimates based on FSCO quarterly rate filings
9.8%
12.6%
Bill65passed
Savings from:
• MIG definition
reaffirmed
• Heath Care Provider
licencing
Bill15passed
Savings from:
• PJI
• DRS
• Towing
Bill91passed
Savings from:
• Updated Cat
definition
• AB Changes
18. 18
High quality investment portfolio
Fixed-income securities credit quality
$13.6 billion of high quality investments - strategically managed
P2
83%
P3
17%
Preferred shares credit quality
AAA
53%
AA
29%
A
17%
BBB
1%
• 99% of fixed-income securities are rated ‘A-’ or better
• 83% of preferred shares are rated at least ‘P2L’
• No leveraged investments
Investment mix (as of March 31, 2016)
Fixed-income
strategies, 70%Common equity
strategies, 14%
Preferred shares,
9%
Cash, short-term
notes and loans,
7%
19. 19
Track record of prudent
reserving practices
3.3%
7.9%
4.9%
2.9%
4.0%
3.2%
4.8% 4.9%
5.7%
5.1% 4.9%
6.2%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
• Quarterly and annual
fluctuations in reserve
development are normal
• 2005 reserve development
was unusually high due to
the favourable effects of
certain auto insurance
reforms
• Our consistent track record
of positive reserve
development reflects our
preference to take a
conservative approach to
establishing and managing
claims reserves
Rate of claims reserve development
(favourable prior year development as a % of opening reserves)
20. $702M
$428M
$859M $809M
$435M
$599M $550M
$681M $625M
$904M
188%
205%
232% 233%
197%
205% 203% 209% 203%
215%
-10%
270%
0
200
400
600
800
1000
1200
2007 2008 2009 2010 2011 2012 2013 2014 2015 Q1-16
Total Excess Capital at 170% MCT
20
Strong capital base
* Total excess capital at 170% includes net liquid assets of the non regulated entities
Excess capital levels are maintained to ensure a very low probability
of breaching a MCT of 170%
21. 21
Further industry consolidation ahead
Our domestic acquisition strategy
• Targeting large-scale acquisitions of $500 million or
more in direct premiums written
• Pursuing acquisitions in lines of business where we
have expertise
• Acquisition target IRR of ≥15%
• Targets:
− Bring loss ratio of acquired book of business to
our average loss ratio within 18 to 24 months
− Bring expense ratio to 2 pts below IFC ratio
Our track record of acquisitions
Canadian M&A environment
Environment more conducive to acquisitions now than in
recent years:
• Industry ROEs, although slightly improved from
trough levels of mid-2009, are well below prior peak
• Foreign parent companies are generally in less
favourable capital position
• Demutualization likely for P&C insurance industry
Top 20 P&C insurers = 84% of market
Industry data: IFC estimates based on MSA Research excluding Lloyd’s, ICBC, SGI, SAF, MPI, and Genworth.
Desjardins direct premiums written in 2014 is pro forma State Farm for a full year. All data as at Dec 31, 2015.
Year Company DPW
2015 Canadian Direct Insurance $143 million
2014 Metro General $27 million
2012 Jevco $350 million
2011 AXA Canada $2 billion
2004 Allianz $798 million
2001 Zurich $510 million
1999 Pafco $40 million
1998 Guardian $630 million
1997 Canadian Surety $30 million
1995 Wellington $311 million
22. 22
Historical financials
(in $ millions, except as otherwise noted) Q1-2016 Q1-2015 2015 2014 2013 2012 2011
Income statement highlights
Direct premiums written (full term) $1,675 $1,572 $7,907 $7,349 $7,319 $6,868 $5,099
Underwriting income 145 118 628 519 142 451 273
Net investment income 104 105 424 427 406 389 326
Net operating income (NOI) 197 186 860 767 500 675 460
NOIPS to common shareholders (in $) 1.46 1.37 6.38 5.67 3.62 5.00 3.91
Balance sheet highlights
Total investments $13,630 $13,443 $13,504 $13.440 $12,261 $12,959 $11,828
Debt outstanding 1,392 1,143 1,143 1,143 1,143 1,143 1,293
Total shareholders' equity 5,750 5,613 5,728 5,455 4,954 4,893 4,341
Performance metrics
Claims ratio 60.2% 63.2% 61.3% 62.6% 66.9% 61.6% 63.9%
Expense ratio 30.5% 30.2% 30.4% 30.2% 31.1% 31.5% 30.5%
Combined ratio 92.5% 93.4% 91.7% 92.8% 98.0% 93.1% 94.4%
Operating ROE (OROE) 16.7% 17.2% 16.6% 16.3% 11.2% 16.8% 15.3%
Debt / Capital 19.5% 16.9% 16.6% 17.3% 18.7% 18.9% 22.9%
Combined ratios by line of business
Personal auto 96.4% 100.3% 95.4% 94.5% 93.2% 95.7% 90.9%
Personal property 82.9% 80.7% 85.9% 89.0% 104.4% 93.5% 103.5%
Commercial auto 97.5% 96.4% 99.0% 89.6% 93.3% 81.5% 86.5%
Commercial P&C 92.4% 90.9% 86.8% 94.2% 103.9% 91.6% 95.6%
23. 23
Contact us
Media Inquiries
Stephanie Sorensen
Director, External Communications
1 (416) 344-8027
stephanie.sorensen@intact.net
General Inquiries
Intact Financial Corporation
700 University Avenue
Toronto, ON M5G 0A1
1 (416) 341 1464
1 877 341 1464 (toll-free in N.A.)
info@intact.net
Investor Relations Inquiries
ir@intact.net
1 (416) 941-5336
1-866-778-0774 (toll-free in N.A.)
Samantha Cheung
Vice President, Investor Relations
1 (416) 344-8004
samantha.cheung@intact.net
Maida Sit
Director, Investor Relations
1(416) 341-1464 ext. 45153
maida.sit@intact.net
24. 24
Visit our online annual report!
To visit our online annual report to see how “big ideas,
disciplined approach” shaped our business in 2015, please
scan the QR code or visit reports.intactfc.com/2015.
25. 25
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 statements. The words “may”, “will”, “would”,
“should”, “could”, “expects”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “predicts”, “likely”, “potential” or the negative or other
variations of these words or other similar or comparable words or phrases, are intended to identify forward-looking statements.
Forward-looking statements are based on estimates and assumptions made by management based on management’s experience and perception of historical
trends, current conditions and expected future developments, as well as other factors that management believes are appropriate in the circumstances. Many
factors could cause the Company’s actual results, performance or achievements or future events or developments to differ materially from those expressed or
implied by the forward-looking statements, including, without limitation, the following factors: the Company’s ability to implement its strategy or operate its
business as management currently expects; its ability to accurately assess the risks associated with the insurance policies that the Company writes;
unfavourable capital market developments or other factors which may affect the Company’s investments and funding obligations under its pension plans; the
cyclical nature of the P&C insurance industry; management’s ability to accurately predict future claims frequency; government regulations designed to protect
policyholders and creditors rather than investors; litigation and regulatory actions; periodic negative publicity regarding the insurance industry; intense
competition; the Company’s reliance on brokers and third parties to sell its products to clients; the Company’s ability to successfully pursue its acquisition
strategy; the Company’s ability to execute its business strategy; the Company’s ability to achieve synergies arising from successful integration plans relating to
acquisitions, including its acquisition of Canadian Direct Insurance Inc. (“CDI”), as well as management's estimates and expectations in relation to resulting
accretion, internal rate of return and debt-to-capital ratio; the Company’s participation in the Facility Association (a mandatory pooling arrangement among all
industry participants) and similar mandated risk-sharing pools; terrorist attacks and ensuing events; the occurrence of catastrophe events, including a major
earthquake; the Company’s ability to maintain its financial strength and issuer credit ratings; access to debt financing and the Company's ability to compete for
large commercial business; the Company’s ability to alleviate risk through reinsurance; the Company’s ability to successfully manage credit risk (including
credit risk related to the financial health of reinsurers); the Company’s ability to contain fraud and/or abuse, the Company’s reliance on information technology
and telecommunications systems and potential failure of or disruption to those systems, including evolving cyber-attack risk; the Company’s dependence on
key employees; changes in laws or regulations; general economic, financial and political conditions; the Company’s dependence on the results of operations of
its subsidiaries; the volatility of the stock market and other factors affecting the Company’s share price; and future sales of a substantial number of its common
shares.
All of the forward-looking statements included in this presentation are qualified by these cautionary statements and those made in the section entitled Risk
Management at page 37 to 53 of our MD&A for the year ended December 31, 2015. These factors are not intended to represent a complete list of the factors
that could affect the Company. These factors should, however, be considered carefully. Although the forward-looking statements are based upon what
management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking
statements. When relying on forward-looking statements to make decisions, investors should ensure the preceding information is carefully considered. Undue
reliance should not be placed on forward-looking statements made herein. The Company and management have no intention and undertake no obligation to
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
26. 26
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 commitment whatsoever.
The information contained in this Presentation concerning the Company does not purport to be all-inclusive or to contain all the information that a prospective
purchaser or investor may desire to have in evaluating whether or not to make an investment in the Company. The information is qualified entirely by
reference to the Company’s publicly disclosed information.
No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its the directors, officers or employees as to the
accuracy, completeness or fairness of the information or opinions contained in this Presentation and no responsibility or liability is accepted by any person for
such information or opinions. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the attendees with access
to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation that may become apparent.
The information and opinions contained in this Presentation are provided as at the date of this Presentation. The contents of this Presentation are not to be
construed as legal, financial or tax advice. Each prospective purchaser should contact his, her or its own legal adviser, independent financial adviser or tax
adviser for legal, financial or tax advice.
The Company uses both International Financial Reporting Standards (“IFRS”) and certain non-IFRS measures to assess performance. Non-IFRS measures
do not have any standardized meaning prescribed by IFRS and are unlikely to be comparable to any similar measures presented by other companies.
Management analyzes performance based on underwriting ratios such as combined, expense, loss and claims ratios, MCT, and debt-to-capital, as well as
other non-IFRS financial measures, namely DPW, Underlying current year loss ratio, Underwriting income, NOI, NOIPS, OROE, ROE, AROE, Non-operating
results, AEPS, Cash flow available for investment activities, and Market-based yield. These measures and other insurance related terms are defined in the
Company’s glossary available on the Intact Financial Corporation web site at www.intactfc.com in the “Investor Relations” section. Additional information about
the Company, including the Annual Information Form, may be found online on SEDAR at www.sedar.com.