11:50 AM EST - Intact Financial Corporation : reported operating return on equity for the last 12 months was 14.8% with a strong combined ratio of 94.6%. Direct premiums written increased by 3% to reach $943 million. Net income for the first three months of 2011 increased to $157 million, or $1.42 per share, a 19% improvement on a per-share basis, as a result of higher investment gains. Intact Financial Corporation
shares T.IFC are trading up $0.48 at $48.93.
