Intact is the largest Property/Casualty (P/C) insurer in Canada, with almost 20% market share after the acquisition of the Canadian operations of UK insurer RSA, a deal which closed this month. Intact consistently outperforms the industry in terms of profitability and CEO Chares Brindamour aims to outperform the industry Return on Equity (RoE) by 5% annually over time.
Wealth Builder
Sorry, you do not have access to this content.Income Investor
Sorry, you do not have access to this content.The RSA acquisition demonstrates Intact’s ability to successfully integrate insurance acquisitions. With interest rates rising and its expansion in the UK, Intact remains an attractive play on P/C insurance. The stock is a Buy at 16 times 2022 earnings.- Gavin Graham
Current Advice
Buy
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Capital Gain/Loss
270.4%