Intact Financial Corporation, Canada's largest property and casualty insurer, reported a solid set of fourth-quarter 2025 results partly due to the strong underwriting performance and rising premium prices.
The Toronto-based insurer's net operating income per share rose 12% to $5.50, with diluted earnings per share of $5.24 for the quarter.
Intact's combined ratio — a measure of how much the company pays out in claims and expenses for every dollar of premiums it collects; a lower number signals a healthier, more profitable insurer — improved to 85.9%, down from 86.5% a year earlier.
The board approved a quarterly dividend of $1.47 per common share, an increase of $0.14, marking the 21st consecutive annual dividend increase since Intact's IPO in 2004.
"We ended 2025 in a position of strength, after delivering our highest ever annual net operating income per share, an outstanding operating ROE (return on equity), and strong results across the business," chief executive officer Charles Brindamour said. "Last year, we achieved several important milestones including uniting our global operations under the Intact Insurance brand, and were recognized as a Best Employer in Canada, the U.S., the U.K. and Ireland."
The full press release can be found here
