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
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