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About Intact
Industries
Data & Analytics
Venture Capital
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1809
Overview
Intact Financial Corporation provides home, auto, and business insurance in Canada and also operates in the UK and Ireland. It underwrites policies, handles claims, and earns revenue from premiums and investment income. The company uses climate resilience and digital engagement to improve customer experience, with most customers engaging digitally. It aims to grow NOIPS by 10% annually, achieve 500 basis points ROE, and invest in data and AI ventures to fuel growth; its goal is to outperform the industry combined ratio by 5 points.
Simplify's Take
What believers are saying
- RSA acquisition cements UK commercial lines leadership.
- 31,000 employees across 350 offices enable scale advantages.
- $150M preferred shares fund growth and dividends.
What critics are saying
- RSA integration fails, Tryg erodes UK share in 6-12 months.
- 2026 wildfires exceed reserves, inflate ratio by 8 points.
- BrokerLink lags Aviva AI, loses 20% digital customers.
What makes Intact unique
- Intact leads Canada P&C insurance with 19 acquisitions since 1988.
- Jiffy Home App acquisition boosts digital home services integration.
- Net zero by 2050 climate strategy drives resilience focus.
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Funding
Total Funding
$2.5B
Above
Industry Average
Funded Over
2 Rounds
Benefits
Health Insurance
Flexible Work Hours
Remote Work Options
Paid Vacation
Hybrid Work Options
401(k) Company Match
Employee Stock Purchase Plan
Wellness Program
Mental Health Support
Stock Price
Company News
Explore Intact Financial Corporation's recent announcement of a $150 million preferred share offering and its strategic implications for investors.
Vancouver insurtech startup Quandri has raised $12 million USD ($16.5 million CAD) to expand its AI platform for automating insurance renewals. The Series A-plus round, led by Framework Venture Partners and Intact Ventures, brings Quandri's total funding to $22 million USD. The funds will support growth in Canada and the US, including hiring 40 new staff and opening a Boston hub. Quandri's software helps insurance firms streamline tasks and improve client engagement.
Venn, the all-in-one financial platform built for Canadian businesses, has raised $21.5 million in a Series A funding round led by Left Lane Capital,
Intact Financial Corporation has acquired Jiffy Inc., Canada's leading home maintenance app, to expand its services across Canada. This acquisition aims to enhance Intact's digital engagement with customers and improve customer experience. Jiffy connects homeowners with local service professionals for various tasks and has completed over 450,000 jobs with a 96% five-star rating. The partnership will also support Intact's efforts in building climate-resilient communities.
Urban Jungle, a London, UK-based insurance technology startup, raised $14M in funding
Intact is Hiring for 184 Jobs on Simplify!
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About Intact
Industries
Data & Analytics
Venture Capital
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1809
Intact is Hiring for 184 Jobs on Simplify!
Find jobs on Simplify and start your career today