November 5, 2014 / 12:17 PM / in 4 years

Insurer Intact Financial's profit rises four-fold

Nov 5 (Reuters) - Intact Financial Corp, Canada’s largest property and casualty insurer, reported a more than fourfold rise in quarterly profit, helped by higher operating income and investment gains.

The company’s profit rose to C$202 million ($176.53 million), or C$1.49 per share, in the quarter, compared with C$47 million, or 32 Canadian cents per share, a year earlier.

The profit last year was hurt by severe rain storms in the Greater Toronto Area and Quebec, and hail storms in Alberta.

Operating income more than tripled to C$1.37 per share in the latest quarter. ($1 = C$1.1443) (Reporting by Jeffrey Hodgson in Toronto and Anannya Pramanick in Bangalore)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below