Intact Financial Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	24,410	23,944	22,451	28,827	16,238	11,241
Total Interest & Dividend Income	694	520	358	1,525	706	577
Gain (Loss) on Sale of Investments	355	148	249	-285	630	-14
Other Revenue	70	89	96	103	310	681
Total Revenue	25,529	24,701	23,154	30,170	17,884	12,485
Revenue Growth (YoY)	3.17%	6.68%	-23.25%	68.70%	43.24%	10.41%
Policy Benefits	15,102	15,507	14,485	20,044	8,967	6,883
Policy Acquisition & Underwriting Costs	5,689	5,440	5,168	4,833	5,611	3,696
Other Operating Expenses	286	690	1,116	2,037	413	346
Total Operating Expenses	21,077	21,637	20,769	26,914	14,991	10,925
Operating Income	4,452	3,064	2,385	3,256	2,893	1,560
Interest Expense	-223	-222	-229	-177	-153	-115
Currency Exchange Gain (Loss)	11	173	86	-137	9	10
Other Non Operating Income (Expenses)	123	132	72	13	-	-
EBT Excluding Unusual Items	4,363	3,147	2,314	2,955	2,749	1,455
Merger & Restructuring Charges	-424	-407	-517	-353	-464	-96
Gain (Loss) on Sale of Assets	-	138	-	405	-	-
Asset Writedown	-	-	-	-	79	-
Other Unusual Items	-	-	7	-	204	-
Pretax Income	3,939	2,878	1,804	3,007	2,568	1,359
Income Tax Expense	868	568	473	557	480	277
Earnings From Continuing Ops.	3,071	2,310	1,331	2,450	2,088	1,082
Minority Interest in Earnings	-	-13	-15	4	-21	-
Net Income	3,071	2,297	1,316	2,454	2,067	1,082
Preferred Dividends & Other Adjustments	90	90	84	60	53	52
Net Income to Common	2,981	2,207	1,232	2,394	2,014	1,030
Net Income Growth	42.57%	74.54%	-46.37%	18.72%	91.03%	43.50%
Shares Outstanding (Basic)	178	178	176	176	162	143
Shares Outstanding (Diluted)	179	179	176	176	162	143
Shares Change (YoY)	-	1.36%	0.34%	8.13%	13.57%	2.51%
EPS (Basic)	16.72	12.38	6.99	13.63	12.40	7.20
EPS (Diluted)	16.69	12.36	6.99	13.63	12.40	7.20
EPS Growth	44.33%	76.82%	-48.73%	9.93%	72.18%	41.72%
Free Cash Flow	4,065	2,958	1,388	3,254	2,819	2,189
Free Cash Flow Per Share	22.77	16.56	7.88	18.53	17.36	15.31
Dividend Per Share	5.200	4.840	4.400	4.000	3.400	3.320
Dividend Growth	9.94%	10.00%	10.00%	17.65%	2.41%	9.21%
Operating Margin	17.44%	12.40%	10.30%	10.79%	16.18%	12.50%
Profit Margin	11.68%	8.94%	5.32%	7.94%	11.26%	8.25%
Free Cash Flow Margin	15.92%	11.97%	6.00%	10.79%	15.76%	17.53%
EBITDA	4,966	3,512	2,795	3,665	3,222	1,809
EBITDA Margin	19.45%	14.22%	12.07%	12.15%	18.02%	14.49%
D&A For EBITDA	514	448	410	409	329	249
EBIT	4,452	3,064	2,385	3,256	2,893	1,560
EBIT Margin	17.44%	12.40%	10.30%	10.79%	16.18%	12.50%
Effective Tax Rate	22.04%	19.74%	26.22%	18.52%	18.69%	20.38%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.