PRESS RELEASE Intact Financial Corporation reports Q4-2015 Results and 2015 Annual Results |
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Highlights Q4-2015 |
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Charles Brindamour, Chief Executive Officer, said: “Our strong fourth quarter results are indicative of our continued investment in growth initiatives including branding, digital leadership, product innovation, customer experience and distribution. Overall, we delivered solid topline growth while maintaining strong profitability as reflected in our combined ratio. Our acquisition of Canadian Direct Insurance (CDI) this year extended our direct-to-consumer business from coast to coast which positively impacted our business. We ended the year with a solid capital position supporting our ability to pursue growth prospects.”
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Current Outlook |
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Dividend |
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Normal Course Issuer Bid |
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Underwriting |
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Line of Business |
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Investments |
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Net Income |
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Balance Sheet |
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Analysts’ Estimates |
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Management's Discussion and Analysis (MD&A) and Consolidated Financial Statements
This Press Release, which was approved by the Company’s Board of Directors on the Audit Committee’s recommendation, should be read in conjunction with the 2015 MD&A as well as the 2015 Audited Consolidated Financial Statements, which are available on our website at www.intactfc.com and later today on SEDAR at www.sedar.com.
For the definitions of measures and other insurance-related terms used in this Press Release, please refer to the MD&A and to the glossary available in the “Investor Relations” section of our web site at www.intactfc.com
Conference Call
Intact Financial Corporation will host a conference call to review its earnings results later today at 11:00 a.m. ET. To listen to the call via live audio webcast and to view the Company’s Financial Statements, MD&A, presentation slides, the Supplementary financial information and other information not included in this press release, visit our website at www.intactfc.com and link to “Investor Relations”.
The conference call is also available by dialing (647) 427-7450 or 1 (888) 231-8191 (toll-free in North America). Please call 10 minutes before the start of the call. A replay of the call will be available later today at 2:00 p.m. ET until midnight on February 11. To listen to the replay, call 1 (855) 859-2056, passcode 22848980. A transcript of the call will also be available on Intact Financial Corporation’s website.
About Intact Financial Corporation
Intact Financial Corporation is the largest provider of property and casualty insurance in Canada. The company distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly owned subsidiary, BrokerLink, and directly to consumers through belairdirect.
Media Inquiries Stephanie Sorensen Director, External Communications 1 (416) 344-8027 stephanie.sorensen@intact.net |
Investor Inquiries Samantha Cheung Vice President, Investor Relations 1 (416) 344-8004 samantha.cheung@intact.net |
Forward-Looking Statements
This document may contain forward-looking statements that involve risks and uncertainties. The Company’s actual results could differ materially from these forward looking statements as a result of various factors, including those discussed in the Company’s most recently filed Annual Information Form and annual MD&A. Please read the cautionary note at the beginning of the MD&A.