Intact Financial represents industry-leading performance with a long-term growth trajectory. The company’s superior pricing and risk selection capabilities, claims expertise, and strong capital management all contribute to its investor appeal.
The company’s balanced growth strategy combines organic expansion with strategic acquisitions. This positions it as a P&C insurance leader. The company’s robust technology investments, including in A, drive operational efficiencies while enhancing customer experience. Pat is impressed with the strong fundamentals, and management’s proven ability to navigate challenging market conditions.
Meanwhile, the shares offer compelling value for such a dominant leader by trading at just 18.2 times the company’s forward earnings forecast.
INTACT FINANCIAL CORP. (Toronto symbol IFC; www.intactfc.com) is Canada’s largest property and casualty insurance provider. Intact insures more than five million individuals and businesses. Its major brands are Intact Insurance, Canada BrokerLink and belairdirect.
In a bid to add value for investors, the company acquired OneBeacon Insurance Group for $1.7 billion U.S. in September 2017. The Minnesota-based insurance holding company focuses on property-casualty insurance. Through its businesses, the firm provides a range of specialty insurance products. That acquisition has been a big success for Intact.
Then, on June 1, 2021, to further add value, the company—in conjunction with Danish insurer Tryg A/S—completed its $9.3 billion U.S. takeover of U.K.-based RSA Insurance Group plc.
RSA offers a range of general and specialty insurance products and had long been viewed as a possible takeover target. Under the transaction, Intact took RSA’s Canadian business as well as its U.K. and international division. Tryg now owns RSA’s operations in Sweden and Norway.
RSA’s Denmark business remained jointly owned by the two firms—but in June 2022 they completed the sale of the unit for $2.52 billion. Intact received 50% of the proceeds.
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Intact Financial: New acquisition aligns well with strategic goals
Intact has now acquired Jiffy Inc., Canada’s leading home maintenance app. The purchase price has not yet been disclosed.
Jiffy is an app-based service that connects homeowners with local service professionals to provide various home maintenance tasks such as plumbing, exterior repairs, appliance repair, electrical work and furniture assembly. Designed with the user in mind, Jiffy aims to make home maintenance simpler and more accessible for everyone.
Founded in 2015, Jiffy has grown steadily since its launch with Canadian operations in the Greater Toronto Area, Ottawa and Calgary.
Through this link, Intact believes Jiffy will have the platform and capabilities to accelerate expansion of its services across more Canadian jurisdictions; at the same time, it can support Intact’s goals of engaging three out of four Canadian customers digitally and providing a top-notch customer experience.
Meanwhile, in the three months ended March 31, 2025, Intact’s revenue rose 5.0%, to $5.36 billion from $5.11 billion a year earlier. Overall earnings per share jumped 10.5%, to $4.01 from $3.63. The increase came from strong underwriting performance, as well as gains on investments.
With the March 2025 payment, Intact raised your quarterly dividend by 9.9%, to $1.33 from $1.21. The annual rate of $5.32 yields a solid 1.8%. The company has raised the annual dividend rate each year for the past 20 years since its initial public offering in December 2004. Intact’s TSI Dividend Sustainability Rating is Above Average.
The stock trades at 18.2 times Intact’s likely 2025 earnings of $16.74 a share.
Growth by acquisition adds risk, especially with a string of deals as big as RSA. However, Intact has a long track record of successfully integrating its acquisitions.
Recommendation in Dividend Advisor: Intact Financial Corp. is a buy.
