Intact Financial Corporation (IFC) - Net Assets
Based on the latest financial reports, Intact Financial Corporation (IFC) has net assets worth CA$20.84 Billion CAD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$62.87 Billion) and total liabilities (CA$42.03 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$20.84 Billion |
| % of Total Assets | 33.14% |
| Annual Growth Rate | 14.86% |
| 5-Year Change | -25.97% |
| 10-Year Change | 242.25% |
| Growth Volatility | 46.21 |
Intact Financial Corporation - Net Assets Trend (2003–2025)
This chart illustrates how Intact Financial Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Intact Financial Corporation (2003–2025)
The table below shows the annual net assets of Intact Financial Corporation from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$20.84 Billion | +14.81% |
| 2024-12-31 | CA$18.15 Billion | +10.15% |
| 2023-12-31 | CA$16.48 Billion | +2.15% |
| 2022-12-31 | CA$16.13 Billion | -42.70% |
| 2021-12-31 | CA$28.15 Billion | +193.72% |
| 2020-12-31 | CA$9.58 Billion | +9.56% |
| 2019-12-31 | CA$8.75 Billion | +12.00% |
| 2018-12-31 | CA$7.81 Billion | +4.65% |
| 2017-12-31 | CA$7.46 Billion | +22.59% |
| 2016-12-31 | CA$6.09 Billion | +6.28% |
| 2015-12-31 | CA$5.73 Billion | +5.00% |
| 2014-12-31 | CA$5.46 Billion | +10.11% |
| 2013-12-31 | CA$4.95 Billion | +1.25% |
| 2012-12-31 | CA$4.89 Billion | +12.72% |
| 2011-12-31 | CA$4.34 Billion | +41.40% |
| 2010-12-31 | CA$3.07 Billion | +2.93% |
| 2009-12-31 | CA$2.98 Billion | +13.29% |
| 2008-12-31 | CA$2.63 Billion | -17.01% |
| 2007-12-31 | CA$3.17 Billion | -7.27% |
| 2006-12-31 | CA$3.42 Billion | +18.26% |
| 2005-12-31 | CA$2.89 Billion | +40.44% |
| 2004-12-31 | CA$2.06 Billion | +108.24% |
| 2003-12-31 | CA$989.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Intact Financial Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3340.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$10.32 Billion | 49.51% |
| Common Stock | CA$8.09 Billion | 38.82% |
| Other Comprehensive Income | CA$322.00 Million | 1.55% |
| Other Components | CA$2.11 Billion | 10.12% |
| Total Equity | CA$20.84 Billion | 100.00% |
Intact Financial Corporation Competitors by Market Cap
The table below lists competitors of Intact Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ingersoll Rand Inc
NYSE:IR
|
$33.06 Billion |
|
Paychex Inc
NASDAQ:PAYX
|
$33.07 Billion |
|
Vedanta Limited
NSE:VEDL
|
$33.09 Billion |
|
CTBC Financial Holding Co Ltd
TW:2891
|
$33.11 Billion |
|
Archer-Daniels-Midland Company
NYSE:ADM
|
$33.01 Billion |
|
Murata Manufacturing Co., Ltd.
F:MUR
|
$32.97 Billion |
|
ANSYS Inc
NASDAQ:ANSS
|
$32.91 Billion |
|
RWE Aktiengesellschaft
F:RWEA
|
$32.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Intact Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,148,000,000 to 20,836,000,000, a change of 2,688,000,000 (14.8%).
- Net income of 3,365,000,000 contributed positively to equity growth.
- Dividend payments of 1,037,000,000 reduced retained earnings.
- Share repurchases of 394,000,000 reduced equity.
- New share issuances of 147,000,000 increased equity.
- Other comprehensive income increased equity by 139,000,000.
- Other factors increased equity by 468,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$3.37 Billion | +16.15% |
| Dividends Paid | CA$1.04 Billion | -4.98% |
| Share Repurchases | CA$394.00 Million | -1.89% |
| Share Issuances | CA$147.00 Million | +0.71% |
| Other Comprehensive Income | CA$139.00 Million | +0.67% |
| Other Changes | CA$468.00 Million | +2.25% |
| Total Change | CA$- | 14.81% |
Book Value vs Market Value Analysis
This analysis compares Intact Financial Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 24.31x to 2.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CA$10.58 | CA$257.28 | x |
| 2004-12-31 | CA$21.42 | CA$257.28 | x |
| 2005-12-31 | CA$21.66 | CA$257.28 | x |
| 2006-12-31 | CA$25.58 | CA$257.28 | x |
| 2007-12-31 | CA$25.04 | CA$257.28 | x |
| 2008-12-31 | CA$21.58 | CA$257.28 | x |
| 2009-12-31 | CA$24.88 | CA$257.28 | x |
| 2010-12-31 | CA$26.70 | CA$257.28 | x |
| 2011-12-31 | CA$37.65 | CA$257.28 | x |
| 2012-12-31 | CA$37.41 | CA$257.28 | x |
| 2013-12-31 | CA$37.42 | CA$257.28 | x |
| 2014-12-31 | CA$41.48 | CA$257.28 | x |
| 2015-12-31 | CA$43.56 | CA$257.28 | x |
| 2016-12-31 | CA$46.40 | CA$257.28 | x |
| 2017-12-31 | CA$56.07 | CA$257.28 | x |
| 2018-12-31 | CA$56.11 | CA$257.28 | x |
| 2019-12-31 | CA$62.70 | CA$257.28 | x |
| 2020-12-31 | CA$67.01 | CA$257.28 | x |
| 2021-12-31 | CA$96.51 | CA$257.28 | x |
| 2022-12-31 | CA$90.22 | CA$257.28 | x |
| 2023-12-31 | CA$91.88 | CA$257.28 | x |
| 2024-12-31 | CA$101.61 | CA$257.28 | x |
| 2025-12-31 | CA$116.73 | CA$257.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Intact Financial Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.91%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 3.02x
- Recent ROE (16.15%) is above the historical average (13.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 15.21% | 4.99% | 0.44x | 6.98x | CA$51.58 Million |
| 2004 | 30.30% | 16.51% | 0.39x | 4.69x | CA$418.19 Million |
| 2005 | 27.03% | 17.58% | 0.45x | 3.43x | CA$492.52 Million |
| 2006 | 19.24% | 14.93% | 0.42x | 3.03x | CA$315.98 Million |
| 2007 | 16.02% | 11.45% | 0.43x | 3.28x | CA$191.09 Million |
| 2008 | 4.87% | 3.10% | 0.42x | 3.71x | CA$-135.06 Million |
| 2009 | 4.25% | 2.99% | 0.37x | 3.81x | CA$-171.56 Million |
| 2010 | 16.22% | 10.45% | 0.39x | 3.96x | CA$190.99 Million |
| 2011 | 10.71% | 8.47% | 0.28x | 4.55x | CA$30.90 Million |
| 2012 | 11.67% | 8.07% | 0.36x | 4.05x | CA$81.70 Million |
| 2013 | 8.70% | 5.79% | 0.38x | 3.99x | CA$-64.40 Million |
| 2014 | 14.34% | 9.85% | 0.39x | 3.77x | CA$236.50 Million |
| 2015 | 12.33% | 8.72% | 0.38x | 3.71x | CA$133.20 Million |
| 2016 | 8.89% | 6.36% | 0.37x | 3.78x | CA$-67.80 Million |
| 2017 | 10.61% | 8.46% | 0.34x | 3.74x | CA$45.70 Million |
| 2018 | 9.05% | 6.68% | 0.37x | 3.64x | CA$-74.00 Million |
| 2019 | 8.62% | 6.64% | 0.35x | 3.69x | CA$-120.70 Million |
| 2020 | 11.29% | 8.68% | 0.35x | 3.66x | CA$123.70 Million |
| 2021 | 13.19% | 11.76% | 0.26x | 4.23x | CA$499.60 Million |
| 2022 | 15.49% | 10.89% | 0.42x | 3.39x | CA$869.70 Million |
| 2023 | 8.13% | 5.65% | 0.42x | 3.46x | CA$-303.00 Million |
| 2024 | 12.66% | 9.19% | 0.42x | 3.28x | CA$482.20 Million |
| 2025 | 16.15% | 12.91% | 0.41x | 3.02x | CA$1.28 Billion |
Industry Comparison
This section compares Intact Financial Corporation's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $1,021,125,744
- Average return on equity (ROE) among peers: 9.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Intact Financial Corporation (IFC) | CA$20.84 Billion | 15.21% | 2.02x | $33.05 Billion |
| Definity Financial Corp (DFY) | $1.82 Billion | 8.47% | 2.64x | $5.78 Billion |
| Fairfax Financial Holdings Ltd (FFH) | $224.25 Million | 11.22% | 3.04x | $33.39 Billion |
About Intact Financial Corporation
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. It offers insurance, such as personal auto that provides coverage from accidents, third-party liability, and physical damage; personal property which provides protection for homes and belongin… Read more