Intact Financial Corporation: Higher Interest Rates Contribute to Lower Q1 2022 Net Income
Intact Financial Corporation reported net income of $447 million, down from $514 million in Q1 2021, despite having a boost to earnings from the RSA Insurance Group Plc (RSA) acquisition that is included in this quarter's result. The lower income was in part attributable to higher interest rates that led to mark-to-market losses on fixed income instruments.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.