Intact Financial Corporation

Company Description

Intact Financial Corporation is a multinational property and casualty insurance company. The firm, which traced its origins back to 1809, provides a diverse variety of personal and commercial auto insurance, home insurance, insurance for small and medium-sized enterprises, and specialty insurance products through its brands, independent brokers, and agencies.

Detailed Description

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences. The company also provides insurance products for commercial lines for a group of small and medium sized businesses; commercial property insurance for the protection of physical assets of the business; and liability coverages comprising commercial general, product, and professional liability, as well as cyber endorsement. In addition, it offers commercial vehicle insurance coverages for the protection for commercial auto, fleets, garage operations, light trucks, public vehicles, and the specific needs of the sharing economy. Further, the company provides various personal levels of coverage to customers for their home, motor, pet, and other insurance products; general insurance, specialty lines, and risk management solutions; specialty insurance products for various product and customer groups, including accident and health, technology, ocean and inland marine, public entities, and entertainment, as well as financial services and institutions; and various products to specialty property, surety, tuition reimbursement, management liability, cyber, and environmental institutions. The company was formerly known as ING Canada Inc. and changed its name to Intact Financial Corporation in 2009. Intact Financial Corporation was founded in 1809 and is based in Toronto, Canada.

Product & Services

Property and casualty insurance, insurance brokerage

Key People

Claude Dussault (Chairman) Charles Brindamour (CEO)

Financials

Revenue: CA$12,143 million (2020)

Operating income: CA$1,916 million (2020)

Net income: CA$1,082 million (2020)

Total assets: CA$35,119 million (2020)

Total equity: CA$9,583 million (2020)