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Intact FinancialTSX:IFC -0.08%88 Return-on-Tangible-Equity is 26.76% as of Mar. 2026, which is 2% above its 10-year median of 26.15. GuruFocus rates TSX:IFC with a GF Score™ of 88/100 and a GF Value™ of C$256.79 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 496 Insurance companies, Intact Financial ranks better than 85.69% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Intact Financial's annualized net income for the quarter that ended in Mar. 2026 was C$3,008 Mil. Intact Financial's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$11,241 Mil. Therefore, Intact Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 26.76%.
The historical rank and industry rank for Intact Financial's Return-on-Tangible-Equity or its related term are showing as below:
TSX:IFC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.52 Med: 26.15 Max: 34.29
Current: 33.62
During the past 13 years, Intact Financial's highest Return-on-Tangible-Equity was 34.29%. The lowest was 16.52%. And the median was 26.15%.
TSX:IFC's Return-on-Tangible-Equity is ranked better than 85.69% of 496
companies
in the Insurance industry
Industry Median: 13.245
vs TSX:IFC: 33.62
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Intact Financial Return-on-Tangible-Equity Related Terms
Intact Financial Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Intact Financial's Return-on-Tangible-Equity 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.
TSX:IFC vs CB, PGR, TRV: Return-on-Tangible-Equity Comparison
For the Insurance - Property & Casualty subindustry, Intact Financial's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Intact Financial Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Intact Financial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Intact Financial's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 26.76% mean?
Intact Financial (TSX:IFC) has a Return-on-Tangible-Equity of 26.76% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Intact Financial and its competitors. This is near median its historical median of 26.15. Over the past decade, Intact Financial's Return-on-Tangible-Equity has ranged from 16.52 to 34.29. According to the industry distribution chart, Intact Financial ranks #71 out of 496 companies in the Insurance industry, placing it in the top 14.3%.
Is Intact Financial's Return-on-Tangible-Equity too high?
Intact Financial's current Return-on-Tangible-Equity of 26.76% is near median its 10-year median of 26.15. Over the past 10 years, this metric has ranged from a low of 16.52 to a high of 34.29. The Insurance industry median Return-on-Tangible-Equity is 13.25. Intact Financial's value of 26.76% is 102% above this industry median. Based on the distribution chart, Intact Financial ranks #71 out of 496 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Intact Financial has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Intact Financial's Return-on-Tangible-Equity compare to CB and PGR?
According to the Insurance industry distribution chart, Intact Financial ranks #71 out of 496 companies for Return-on-Tangible-Equity. This places Intact Financial in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 13.25. Intact Financial's value of 26.76% is 102% above this benchmark. Historically, Intact Financial's own Return-on-Tangible-Equity has ranged from 16.52 to 34.29 over the past decade. While the company's 10-year median is 26.15 vs. the industry median of 13.25, Intact Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.25, based on 496 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Intact Financial's current Return-on-Tangible-Equity of 26.76% is 102% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Intact Financial and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intact Financial's current Return-on-Tangible-Equity is 26.76%, which is near median its own 10-year median of 26.15. 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$256.79, compared to a current price of C$294.02 — trading 14.5% above its estimated fair value. The current Return-on-Tangible-Equity is 26.76%, which is near median its 10-year median of 26.15 and 102% above the Insurance industry median of 13.25. Intact Financial's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Intact Financial (TSX:IFC), the current Return-on-Tangible-Equity is 26.76% 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$294.02 is trading 14.5% above its estimated GF Value™ of C$256.79.
GuruFocus considers Intact Financial to be Modestly Overvalued.
Key valuation signals for TSX:IFC:
Return-on-Tangible-Equity: 26.76% (near median its 10-year median of 26.15)
GF Value™: C$256.79 vs. price of C$294.02 (14.5% above fair value)
Industry Position: 102% above the Insurance median (#71 of 496)
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.
88GF Score
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