09:52 AM EST - Intact Financial Corporation : reported net operating income for the quarter ended December 31, 2012 of $194 million, or $1.42 per share up 25% compared to the same quarter last year, driven by improved underwriting performance. Net income was $181 million compared to $84 million for the corresponding quarter last year due to improved operating results and higher investment gains. Adjusted earnings per share, which excludes integration-related costs, was up 32% to $1.51. The exceptional performance in personal property resulted in an overall combined ratio of 92.1%. Direct premiums written increased 7% year-over-year to reach $1.7 billion, reflecting the acquisition of JEVCO and organic growth. Intact Financial Corporation
shares T.IFC are trading up $0.10 at $65.78.
