Canada's iA Financial rises after unveiling growth targets at investor day

iA Financial

24/02/2025 18:49

** Shares of Canadian insurer iA Financial Group  IAG.TO 
rise 5.3% to C$133.87
    ** IAG at its investor day unveils new forecast of 10%+
medium-term annual average growth in core EPS 
    ** Co also expects core return on common shareholder's
equity to be 17%+ in 2027
    ** Last week, IAG topped Q4 profit expectations on the back
of strong sales growth
    ** CEO Denis Ricard says the new targets highlight the vast
potential for expansion across both Canada and the United States
    ** As of last close, IAG stock down 4.7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))