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Intact Financial (TSE:IFC)
:IFC
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
4.27Last Year’s EPS
4.22Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -6.21%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong financial performance and strategic advancements, particularly in digital engagement and international business segments. However, significant challenges were highlighted due to high catastrophe losses and their impact on combined ratios, especially in personal property. Despite these setbacks, the company remains focused on leveraging technology and maintaining growth momentum.Company Guidance
During the Q3 2024 earnings call for Intact Financial Corporation (IFC.TO), key guidance metrics were highlighted, showcasing the company's performance and strategic direction. The company reported a net operating income per share of $1.01 and an operating return on equity (ROE) of 15.8%, reflecting strong underlying business results despite challenges from severe weather events. Their book value per share rose to $91, a 3% increase quarter-over-quarter, while maintaining a robust capital position with a $2.6 billion capital margin. Premiums grew by 6% year-over-year, and the combined ratio was 104%, significantly impacted by 22 points of CAT losses. However, excluding excess CATs, the combined ratio improved to 87%. Guidance for the upcoming year includes expectations of continued hard market conditions in personal property and forecasted mid-single-digit premium growth in commercial lines, with a target to maintain a low 90s combined ratio in the UK&I business. The call also emphasized strategic initiatives in digital engagement and AI deployment, aiming for sustained growth and operational efficiency.Strong Financial Performance
The company reported a net operating income per share of $1.01 and an operating ROE of 15.8%. Book value per share increased by 3% quarter-over-quarter.
Premium Growth
Premiums increased by 6% year-over-year, with personal auto premiums up 12% and personal property premiums up 8%.
U.K. and Ireland Business Success
Premium growth in the U.K. was 28% due to the Direct Line transaction. The combined ratio was solid at 91.9%, aligning with the target.
U.S. Business Performance
The U.S. business showed premium growth of 4% with a strong combined ratio of 87.4%.
Digital Engagement and AI Advancements
Web influence quotes increased by 83% year-over-year due to digital investments. AI models are being deployed in various segments to optimize risk selection.
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TSE:IFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:IFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | C$270.56 | C$263.80 | -2.50% |
| Jul 30, 2024 | C$242.40 | C$248.56 | +2.54% |
| May 07, 2024 | C$226.18 | C$229.04 | +1.26% |
| Feb 13, 2024 | C$204.27 | C$219.00 | +7.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Intact Financial (TSE:IFC) report earnings?
Intact Financial (TSE:IFC) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Intact Financial (TSE:IFC) earnings time?
Intact Financial (TSE:IFC) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:IFC EPS forecast?
TSE:IFC EPS forecast for the fiscal quarter 2024 (Q4) is 4.27.
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