Derivatives Drive Down Canuck Insurer Profits
Intact Financial Corp. reported that second-quarter profits plunged 34% as the Canadian home/auto insurer recognized a non-cash CAD36.6 million (USD33.17 million) loss on embedded derivatives.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
