Intact Financial: Don't Be Upset By The Weak Q3 Results

Intact Financial remains a robust long-term opportunity despite recent share price pressure and Q3 investment headwinds. IFCZF's Q3 results showed a higher combined ratio of 94% and a weak net investment return, mainly due to rising interest rates impacting debt securities. IFC trades at a forward P/E of 14.5 for FY 2028, which appears reasonable given its strong ROE and historical performance.