TORONTO, April 5, 2019 /CNW/ - Intact Financial
Corporation's (TSX : IFC) 2018 Annual Report Our Values Our
People Our Future, 2018 Annual Information Form and 2019
Management Proxy Circular are now available at www.intactfc.com
under the Investors section.
IFC celebrates its 10th anniversary this year. In his
letter to shareholders, Chief Executive Officer Charles Brindamour offers insights into the
company's beginnings a decade ago – amidst a global financial
crisis – what has transpired in that time and why it
matters.
"Ten years ago, with the support of employees, brokers and the
financial markets, we raised $2.4
billion and parted ways with our majority shareholder ING.
We brought the leadership of the property and casualty (P&C)
insurance industry back to Canada
–establishing IFC as an independent, widely held
company. We created a company based on values and a
belief that insurance is about people, not things," said Mr.
Brindamour.
IFC's success in 2018, and over the last 10 years, has been
possible because of the foundation it is built on and its people,
he adds.
IFC has consistently outperformed the P&C insurance industry
on Return on Equity (ROE) by an average of 650 basis points. IFC's
market capitalization has quadrupled to $14
billion, and the Company has delivered an average annual
total shareholder return of over 15%, almost double that of the
S&P/TSX Composite Index. Read the IFC story here and learn more
about how the company promotes environmental responsibility in its
operations, supports employees in their citizenship endeavours,
encourages climate change adaptation and fosters vibrant and
resilient communities for all its stakeholders.
IFC's Annual Meeting of Shareholders will take place at
11:30 a.m. (Eastern Time) on
May 8, 2019, at the Art Gallery of
Ontario, on 317 Dundas Street West
in Toronto, Ontario. Please
refer to the 2019 Management Proxy Circular for more
information.
At the meeting, shareholders will be asked to elect the
Company's directors, appoint its external auditor and approve the
advisory resolution on the company's approach to executive
compensation. A live webcast of the shareholders' meeting will be
available at www.intactfc.com.
About Intact Financial Corporation
Intact Financial
Corporation (TSX: IFC) is the largest provider of property and
casualty (P&C) insurance in Canada and a leading provider of specialty
insurance in North America, with
over $10 billion in total annual
premiums. The Company has approximately 14,000 full- and part-time
employees who serve more than five million personal, business and
public sector clients through offices in Canada and the U.S. In Canada, Intact distributes insurance under the
Intact Insurance brand through a wide network of brokers, including
its wholly-owned subsidiary BrokerLink, and directly to consumers
through belairdirect. In the U.S., OneBeacon Insurance Group, a
wholly-owned subsidiary, provides specialty insurance products
through independent agencies, brokers, wholesalers and managing
general agencies.
SOURCE Intact Financial Corporation