- Baystreet.ca
Market Dominance | Explore Intact Financial's position as Canada's largest P&C insurer, offering diverse products and maintaining a strong market presence |
Financial Resilience | Delve into IFC's projected 13-14% ROE, benign catastrophic events, and the positive impact of rising interest rates on investment income |
Valuation Insights | Discover why IFC's stock, trading at 1.13x Q4 2023 BVPS, may be undervalued by 30% based on projected operating ROE of 11.5-12% for 2024 |
Growth Prospects | Learn about IFC's potential for geographic expansion, innovative product development, and technology investments to drive future growth |
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages. It also provides pet and business insurance, as well as provides risk management solutions. The company serves its products to accident and health, technology, ocean and inland marine, builder’s risk, and entertainment, as well as financial services and institutions; and various products to specialty property, surety, tuition reimbursement, management liability, and cyber and environmental institutions. It offers specialty insurance products including travel insurance, brokers, direct to consumer, agencies, wholesalers, affinity group, Intact Prestige, and managing general agent platform. The company was formerly known as ING Canada Inc. and changed its name to Intact Financial Corporation in 2009. Intact Financial Corporation was founded in 1809 and is based in Toronto, Canada.
Metrics to compare | IFC | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipIFCPeersSector | |
---|---|---|---|---|
P/E Ratio | 23.3x | 11.7x | 8.7x | |
PEG Ratio | 0.42 | 0.11 | 0.03 | |
Price/Book | 2.9x | 1.8x | 1.0x | |
Price / LTM Sales | 1.6x | 1.3x | 2.7x | |
Upside (Analyst Target) | 1.1% | 0.8% | 10.9% | |
Fair Value Upside | Unlock | 10.8% | 2.6% | Unlock |