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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Intact Financial's retained earnings for the quarter that ended in Mar. 2026 was C$10,658 Mil.
Intact Financial's quarterly retained earnings
increased
from Sep. 2025 (C$9,558 Mil) to Dec. 2025 (C$10,316 Mil) and
increased
from Dec. 2025 (C$10,316 Mil) to Mar. 2026 (C$10,658 Mil).
Intact Financial's annual retained earnings
increased
from Dec. 2023 (C$6,503 Mil) to Dec. 2024 (C$7,922 Mil) and
increased
from Dec. 2024 (C$7,922 Mil) to Dec. 2025 (C$10,316 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Intact Financial Retained Earnings Historical Data
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The historical data trend for Intact Financial's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of C$10,658 Mil mean?
Intact Financial (TSX:IFC) has a Retained Earnings of C$10,658 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Intact Financial and its competitors.
Is Intact Financial's Retained Earnings too high?
Intact Financial's current Retained Earnings is C$10,658 Mil. Overall, Intact Financial has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Intact Financial's Retained Earnings compare to CB and PGR?
Intact Financial's Retained Earnings of C$10,658 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Insurance company?
A good Retained Earnings depends on the Insurance industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Intact Financial and its competitors. Intact Financial's current Retained Earnings is C$10,658 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intact Financial stock overvalued right now?
Based on GuruFocus' analysis, Intact Financial (TSX:IFC) is currently considered Modestly Overvalued. The stock's GF Value™ is C$256.29, compared to a current price of C$293.46 — trading 14.5% above its estimated fair value. The current Retained Earnings is C$10,658 Mil. Intact Financial's overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Intact Financial (TSX:IFC), the current Retained Earnings is C$10,658 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Intact Financial (TSX:IFC) Overvalued in 2026?
Based on GuruFocus' analysis, Intact Financial stock appears to be overvalued.
The current stock price of C$293.46 is trading 14.5% above its estimated GF Value™ of C$256.29.
GuruFocus considers Intact Financial to be Modestly Overvalued.
Key valuation signals for TSX:IFC:
Retained Earnings: C$10,658 Mil
GF Value™: C$256.29 vs. price of C$293.46 (14.5% above fair value)
No single metric tells the full story. See the TSX:IFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The majority of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through its 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. The company has three reportable segments Canada, UK & International, and U.S.
91GF Score
Get the complete analysis for TSX:IFC
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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