Intact Financial reported third-quarter EPS of C$3.63, beating the C$3.01 estimate. But catastrophe claims and mixed results across insurance lines shaped the quarter.
Intact Financial Corporation (TSX: IFC) reported its third-quarter 2026 results after markets closed on November 3. Its EPS was 20.6% above the estimate, marking the fourth straight quarter it has beaten expectations. The results also showed 5% top-line growth and solid returns, alongside high catastrophe losses.
Recent earnings trend
Intact Financial Corporation
IFC.TO
IFC.TO
Intact Financial Corporation
WealthAwesomeMarket cap
$48.71B
P/E
17.0x
Div. yield
2.09%
Div. / share
$5.74
52W high
$303.79
52W low
$236.92
1W change
+5.60%
Beta
0.31
Analyst Price Targets
Based on analyst covering IFC · as of Nov 11, 2026
Wall Street analysts forecast IFC stock price to rise 12.1% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$311.15
+12.1% Upside
Previously C$313.08 on Nov 10, 2026
Current Price
C$277.45
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on IFC's historical volatility
30-Day Vol
27.5%
Annualized
90-Day Vol
24.3%
Annualized
Trend (90d)
+17.1%
Annualized drift
90d Mean
C$294.88
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$283.14 | C$257.53 – C$311.30 |
| 60 trading days | C$288.95 | C$252.70 – C$330.41 |
| 90 trading days | C$294.88 | C$250.23 – C$347.51 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-09 | — | 4.8300 | — |
| 2026-09-30 | 2026-11-03 | 3.6300 | 3.0100 | +20.6% |
| 2026-06-30 | 2026-07-28 | 4.3300 | 3.4700 | +24.8% |
| 2026-03-31 | 2026-05-05 | 4.6100 | 4.0800 | +13.0% |
| 2025-12-31 | 2026-02-10 | 5.8900 | 4.6900 | +25.6% |
| 2025-09-30 | 2025-11-04 | 4.4600 | 4.2100 | +5.9% |
Investor takeaway: Intact posted a 16% operating return on equity and 5% top-line growth. Its overall combined ratio was 94%, even as catastrophe losses came in four points above expectations. The headline earnings beat doesn’t tell the whole story: weather claims weighed on Canada personal property, while auto, commercial lines and the U.S. business delivered stronger underwriting results. Visit the IFC stock page for more company and share information.
C$3.63
Third-quarter EPS came in 20.6% above the C$3.01 estimate. The company also reported a 94% overall combined ratio, 5% top-line growth and C$660 million in catastrophe losses.
Bull case
Intact has now posted an operating return on equity above 15% for ten straight quarters, alongside 5% top-line growth. Its U.S. business recorded an 85.2% combined ratio, staying below 90% for 13 consecutive quarters. AI-related operations are generating close to C$250 million in recurring pretax earnings, and management expects that figure to double within 24 months. Investment and distribution income also grew from a year earlier.
Bear case
Catastrophe losses reached C$660 million, four points above expectations, and pushed Canada personal property’s combined ratio to 105%. Intact expects its consolidated expense ratio to land at the high end of its 33%–34% range for 2026. UK&I growth was flat, and management flagged a one-time impact from Alberta auto reforms in 2027. Investors should keep an eye on underwriting and claims trends as well as earnings growth.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
