Intact Financial Full Year 2024 Earnings: EPS Beats Expectations

Intact Financial (TSE:IFC) Full Year 2024 Results

Key Financial Results

• Revenue: CA$29.4b (up 2.6% from FY 2023).
• Net income: CA$2.30b (up 86% from FY 2023).
• Profit margin: 7.8% (up from 4.3% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: CA$12.37 (up from CA$6.99 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Intact Financial EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%.

Looking ahead, revenue is expected to decline by 9.9% p.a. on average during the next 2 years, while revenues in the Insurance industry in Canada are expected to grow by 6.0%.

Performance of the Canadian Insurance industry.

The company's shares are up 7.3% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Intact Financial.

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