Intact Financial Corporation’s combined ratio deteriorated due to one main reason.
Yet this result tops the figures reported during the first quarters of 2010 to 2020.
Parent company Aviva plc pinpoints the growth drivers.
The financial institution announced its most recent insurance results.
The company includes Economical Insurance, Sonnet Insurance, Petline Insurance Company and Family Insurance Solutions.
This is the first time the insurer’s annual income passed the $300 million mark.
The Financial Services Regulatory Authority of Ontario imposed an administrative penalty of $52,000.