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  5. IFC: Please comment on big jump on Wednesday. [Intact Financial Corporation]
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Q: Please comment on big jump on Wednesday.

Thanks


Sheldon
Asked by Sheldon on February 15, 2024
5i Research Answer:

IFC reported strong results, with net operating income up an impressive 45% and a combined ratio of 90.1%. Organic growth was strong, it raised its dividend by 10%, and RBC increased its target price. The move was a combination of these factors and we continue to like it quite a lot. 

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