Intact Financial (TSX: IFC, OTC: IFCZF)

Intact is the largest Property/Casualty (P/C) insurer in Canada, with a market share of over 20% after taking over the Canadian operations of UK insurer RSA in 2021. The acquisition also extended Intact’s geographical reach to the UK and Ireland.  RSA’s operations have lower profitability than those in Canada, giving Intact the opportunity of raising margins.