Intact Financial Corporation (TSX: IFC)

Intact Financial Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	29,256	27,949	28,827	16,238	11,241	10,275
Total Interest & Dividend Income	51	358	1,525	706	577	576
Gain (Loss) on Sale of Investments	939	249	-285	630	-14	34
Other Revenue	78	96	103	310	681	423
Total Revenue	30,324	28,652	30,170	17,884	12,485	11,308
Revenue Growth (YoY)	4.90%	-5.03%	68.70%	43.24%	10.41%	6.66%
Policy Benefits	20,774	19,983	20,044	8,967	6,883	6,989
Policy Acquisition & Underwriting Costs	5,472	5,168	4,833	5,611	3,696	3,172
Other Operating Expenses	1,038	1,116	2,037	413	346	219
Total Operating Expenses	27,284	26,267	26,914	14,991	10,925	10,380
Operating Income	3,040	2,385	3,256	2,893	1,560	928
Interest Expense	-232	-229	-177	-153	-115	-110
Currency Exchange Gain (Loss)	199	86	-137	9	10	-
Other Non Operating Income (Expenses)	100	72	13	-	-	-
EBT Excluding Unusual Items	3,107	2,314	2,955	2,749	1,455	818
Merger & Restructuring Charges	-476	-517	-353	-464	-96	-57
Gain (Loss) on Sale of Assets	138	-	405	-	-	72
Asset Writedown	-	-	-	79	-	-
Other Unusual Items	7	7	-	204	-	-
Pretax Income	2,776	1,804	3,007	2,568	1,359	833
Income Tax Expense	602	473	557	480	277	79
Earnings From Continuing Ops.	2,174	1,331	2,450	2,088	1,082	754
Minority Interest in Earnings	-20	-15	4	-21	-	-
Net Income	2,154	1,316	2,454	2,067	1,082	754
Preferred Dividends & Other Adjustments	90	84	60	53	52	45
Net Income to Common	2,064	1,232	2,394	2,014	1,030	709
Net Income Growth	89.28%	-46.37%	18.72%	91.04%	43.50%	6.65%
Shares Outstanding (Basic)	178	176	176	162	143	140
Shares Outstanding (Diluted)	179	176	176	162	143	140
Shares Change (YoY)	1.75%	0.34%	8.13%	13.57%	2.51%	0.22%
EPS (Basic)	11.58	6.99	13.63	12.40	7.20	5.08
EPS (Diluted)	11.57	6.99	13.63	12.40	7.20	5.08
EPS Growth	90.47%	-48.71%	9.93%	72.18%	41.72%	6.07%
Free Cash Flow	2,250	1,388	3,254	2,819	2,189	1,173
Free Cash Flow Per Share	12.60	7.88	18.53	17.36	15.31	8.41
Dividend Per Share	4.730	4.400	4.000	3.400	3.320	3.040
Dividend Growth	10.00%	10.00%	17.65%	2.41%	9.21%	8.57%
Operating Margin	10.03%	8.32%	10.79%	16.18%	12.49%	8.21%
Profit Margin	6.81%	4.30%	7.94%	11.26%	8.25%	6.27%
Free Cash Flow Margin	7.42%	4.84%	10.79%	15.76%	17.53%	10.37%
EBITDA	3,542	2,795	3,665	3,222	1,809	1,111
EBITDA Margin	11.68%	9.75%	12.15%	18.02%	14.49%	9.82%
D&A For EBITDA	502	410	409	329	249	183
EBIT	3,040	2,385	3,256	2,893	1,560	928
EBIT Margin	10.03%	8.32%	10.79%	16.18%	12.49%	8.21%
Effective Tax Rate	21.69%	26.22%	18.52%	18.69%	20.38%	9.48%

Source: S&P Capital IQ. Insurance template. Financial Sources.