Intact - M&A Summary and Business Overview

InsuranceCompany

Intact M&A Summary

Intact has acquired 11 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.

Intact’s largest acquisition to date was in 2020, when it acquired RSA Insurance Group for $11.1B. It’s largest disclosed sale occurred in 2021, when it sold Codan Forsikring A/S to Alm. Brand A/S for $1.9B. Intact has acquired in 3 countries. The Company’s most targeted sectors include insurance (100%).

Intact Business Overview

Where is Intact headquartered?

Intact is headquartered in Toronto, Ontario.

What is Intact’s revenue?

Intact disclosed revenue of 22,089M CAD for 2023 and 19,655M CAD for 2022.

How many employees does Intact have?

Intact has 30,000 employees.

What sector is Intact in?

Intact is an insurance company.

When was Intact founded?

Intact was founded in 1809.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity11
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 8
  • M&A Advisors 7

Intact

Intact Financial Corp.

700 University Avenue Suite 1500-A,
Toronto, Ontario M5G 0A1
Canada,
(866) 941-5094
www.intactfc.com

Intact is a provider of property and casualty insurance in Canada with $7.3 billion in premiums. Intact was founded in 1809 and is based in Toronto, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 9 1 - 1 - - 11
vol $5.0B $11.1B $16.0B
Sell (0.2/yr) # 2 - 1 - - - 3
vol $300M $1.9B $2.2B
  14

Most Recent M&A

Company Date Value Type
Highland Insurance Solutions 2022-06-17 - Divestiture
, United Kingdom
Codan Forsikring A/S 2021-06-11 1.9B DKK Divestiture
Copenhagen,, Denmark · www.codan.dk
RSA Insurance Group plc 2020-11-18 11.1B GBP Add-on Acquisition
London, United Kingdom · www.rsagroup.com
The Guarantee Company of North America 2019-08-16 - Add-on Acquisition
Toronto, Ontario · www.theguarantee.com
Frank Cowan Co. 2019-08-15 - Add-on Acquisition
Princeton, Ontario · www.frankcowan.com
Onebeacon Insurance Group Ltd. 2017-05-02 1.7B USD Add-on Acquisition
Hamilton, Bermuda · www.onebeacon.com
Canadian Direct Insurance, Inc. 2015-05-01 - Divestiture
Vancouver, British Columbia · www.canadiandirect.com
Metro General Insurance Corporation Ltd. 2014-02-21 - Add-on Acquisition
St. John's, Newfoundland
South Western Insurance Group Ltd. 2012-12-05 - Divestiture
Toronto, Ontario · www.swgins.com
Jevco Insurance Co. 2012-05-02 530M USD Add-on Acquisition
Mississauga, Ontario · www.jevco.ca
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
RSA Insurance Group plc 2020-11-18 RSA Middle East B.S.C. 2022-04-04 1
London, United Kingdom · www.rsagroup.com Bahrain, United Arab Emirates

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 11 (100%) 16.0B (100%) 3 (100%) 2.2B (100%)
Total 11 $16.0B 3 $2.2B

By Geo

State/Country Buy Value Sell Value
Canada 8 3.3B 2 300M
  Ontario 5 666M 1 -
  Quebec 1 2.6B - -
  Newfoundland 1 - - -
  British Columbia 1 - - -
United Kingdom 2 11.1B - -
Bermuda 1 1.7B - -
Denmark - - 1 1.9B
Domestic 8 (73%) 3.3B (20%) 2 (67%) 300M (14%)
Cross-border 3 (27%) 12.8B (80%) 1 (33%) 1.9B (86%)
Total 11 $16.0B 3 $2.2B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
CIBC Capital Markets
1
Goldman Sachs
1
Legal Deals
Blake, Cassels & Graydon
2
Skadden, Arps, Slate, Meagher & Flom
1
Clifford Chance
1

Deal Values

buy # Total
> $1B 3 $15.4B
$100M to $1B 2 $666M
TOTAL $16.0B
Largest RSA Insurance Group plc
$11.1B (2020-11-18)
sell # Total
> $1B 1 $1.9B
$100M to $1B 1 $300M
TOTAL $2.2B
Largest Codan Forsikring A/S
$1.9B (2021-06-11)

M&A Connections

Deals
Acquired from
Investor(s)
9%
1 (9%)
Strategic(s)
27%
3 (27%)
Divested to
Strategic(s)
100%
3 (100%)

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