Intact Financial Corporation: Strong Q4 2020 Performance Driven by Resilient Underwriting Results
Intact Financial Corporation reported strong Q4 2020 net income of $378 million, a 58% increase compared with Q4 2019. The improvement in earnings primarily reflected very strong underwriting income from the Company’s insurance operations in the U.S. and Canada (especially personal lines), supported by stable investment and distribution income. Net income for the full year increased by 44% to $1.1 billion for 2020, compared with $754 million in 2019.
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