February 8, 2017 / 12:06 PM / in 8 months

Canadian insurer Intact posts smaller quarterly profit

Feb 8 (Reuters) - Intact Financial Corp, Canada’s largest property and casualty insurer, reported a 20 percent fall in quarterly operating profit, reflecting a decrease in underwriting income.

The company’s net operating income fell to C$212 million ($161.20 million), or C$1.58 per share, in the fourth quarter ended Dec. 31, from C$265 million, or C$1.97 per share, a year ago.

Underwriting income decreased 30.8 percent to C$153 million, in the quarter.

$1 = 1.3151 Canadian dollars Reporting by Vishaka George in Bengaluru; Editing by Saumyadeb Chakrabarty

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