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Intact Financial Corporation

09:55 AM EST - Intact Financial Corporation : Reported first-quarter 2016 financial results. Net investment income was $104 million, largely unchanged. Net investment losses of $20 million were driven by a $22-million impairment loss on common shares. Net operating income for the quarter of $197 million, was up 6% compared to last year. On a per share basis, net operating income increased 7% to $1.46. Intact Financial Corporation shares T.IFC are trading down $3.08 at $88.29.