(in Canadian dollars except as otherwise noted)

TORONTO, May 7, 2024 /CNW/ - (TSX: IFC) 

Highlights

Charles Brindamour, Chief Executive Officer, said:

"We delivered strong results again this quarter with contribution from all segments, resulting in mid-teens ROE and solid book value growth. We also continued to make good progress on the integration of DLG, closed the sale of our UK direct Personal Lines operations and advanced on all other aspects of our strategic roadmap. With our strong balance sheet and business fundamentals, we are on course to grow net operating income per share by 10% per year over time and outperform the industry ROE by at least 500 basis points."