August 1, 2012 / 11:29 AM / in 5 years

Intact Financial profit jumps on higher investment income

Aug 1 (Reuters) - Canadian property and casualty insurer Intact Financial Corp reported a 90 percent jump in operating profit for the second quarter on higher underwriting and investment income.

Net operating income rose to C$180 million ($179.6 million), or C$1.35 per share, from C$95 million, or 87 Canadian cents per share, a year earlier.

Net investment income increased 25 percent to C$95 million due to an increase in assets, the company said.

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