IFCZF - Intact Financial Corporation (IFCZF) Q4 2023 Earnings Call Transcript
2024-02-14 17:16:04 ET
Intact Financial Corporation (IFCZF)
Q4 2023 Earnings Conference Call
February 14, 2024 11:00 AM ET
Company Participants
Shubha Khan - VP, IR
Charles Brindamour - CEO
Louis Marcotte - CFO
Patrick Barbeau - EVP and COO
Darren Godfrey - EVP, Global Specialty Lines
Guillaume Lamy - SVP, Personal Lines
Ken Anderson - EVP and CFO, UK&I
Conference Call Participants
Jeff Kwan - RBC Capital Markets
Tom MacKinnon - BMO Capital
Doug Young - Desjardins Capital Markets
Lemar Persaud - Cormark Securities
Jaeme Gloyn - National Bank Financial
Paul Holden - CIBC
Stephen Boland - Raymond James
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the Intact Financial Corporation Q4 2023 Results Conference Call. At this time, all lines are in a listen-only mode. Following the presentation we will conduct the question and answer session. [Operator Instructions] Also note the call is being recorded on February 14, 2024.
And I would like to turn the conference over to Shubha Khan, Vice President, Investor Relations. Please go ahead.
Shubha Khan
Thank you, Sylvie. Hello, everyone, and thank you for joining the call to discuss our fourth quarter financial results. A link to our live webcast and materials for this call have been posted on our website at intactfc.com under the Investors tab.
Before we start, please refer to Slide two for cautionary language regarding the use of forward-looking statements which form part of this morning's remarks and Slide three for a note on the use of non-GAAP financial measures and important notes on adjustments, terms and definitions used in this presentation.
To discuss our results today, I have with me our CEO, Charles Brindamour. our CFO, Louis Marcotte; Patrick Barbeau, Executive Vice President and Chief Operating Officer; Darren Godfrey, Executive Vice President, Global Specialty Lines; Guillaume Lamy, Senior Vice President, Personal Lines; and Ken Anderson, Executive Vice President and CFO, UK&I. We will begin with prepared remarks followed by Q&A.
With that, I will turn the call over to Charles.
Charles Brindamour
Good morning, everyone, and thank you for joining us today. 2023 was a challenging year for society. Inflation continued to exert pressure on the cost of living and natural disasters took a heavy toll on the communities we serve. But true at all, our people worked tirelessly to ensure customers get back on track as quickly as possible.
And against this backdrop, our business demonstrated remarkable resilience. Yesterday evening we announced net operating income per share of $4.22 for the fourth quarter, up 45% from last year, driven by strong underwriting investment and distribution results....
Intact Financial Corporation (IFCZF) Q4 2023 Earnings Call Transcript