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.Intact has more than tripled since the original recommendation a decade ago. Investors should Sell Half to lock in the exceptional profits, reflecting Intact’ s steady growth by successful acquisitions and the transformative nature of the RSA deal. It’s worth retaining a position as the cost savings from the merger of the Canadian operations of RSA and the ability of Intact management to raise the UK’s lower profitability should ensure further growth. - Gavin Graham
Current Advice
Hold
Consult your broker/advisor
Capital Gain/Loss
247.5%