Intact Financial (TSX:IFC.PR.A.PFD) Tax Rate % : 27.85% (As of Dec. 2023)

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What is Intact Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Intact Financial's Tax Expense for the three months ended in Dec. 2023 was C$205.00 Mil. Intact Financial's Pre-Tax Income for the three months ended in Dec. 2023 was C$736.00 Mil. Therefore, Intact Financial's Tax Rate % for the quarter that ended in Dec. 2023 was 27.85%.

Intact Financial Tax Rate % Historical Data

The historical data trend for Intact Financial's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Intact Financial Tax Rate % Chart

Intact Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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9.48

20.38

18.69

18.52

26.22

Intact Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															16.15	31.58	21.92	11.41	27.85

Intact Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Intact Financial's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	473	/	1804
	=	26.22 %

Intact Financial's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	205	/	736
	=	27.85 %

Intact Financial Tax Rate % Related Terms

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Intact Financial (TSX:IFC.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Intact Financial Corp (TSX:IFC.PR.A.PFD) » Definitions » Tax Rate %

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Address

700 University Avenue, Suite 1500, Toronto, ON, CAN, M5G 0A1

Website

https://www.intactfc.com

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities. Its asset mix is designed to generate interest and dividend income.

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