Intact Financial Corporation: Excellent Underwriting Performance Resulting in Solid Q1 2021 Net Earnings
Intact Financial Corporation (the Company) reported a Q1 2021 net income of $514 million, about a fourfold increase over Q1 2020 results. The improvement in earnings primarily reflected solid underwriting income across the Company’s insurance operations in Canada and the U.S. (especially personal property). This was supported by stable investment and distribution income.
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