Corrects to show Q4 core EPS rose 2%, not 16%, in headline and Overview; clarifies core ROE is for the trailing 12 months, not Q4; standardizes currency to Canadian dollars (C$) throughout
Overview
Canada insurer's Q4 core EPS up 2%
Trailing 12-month core ROE reached 17.1%, achieving target ahead of schedule
Company's acquisition of RF Capital Group performing ahead of expectations
Outlook
Company increases 2026 organic capital generation target to C$700 mln+
IA Financial maintains targets for core EPS and core dividend payout ratio
Result Drivers
RF CAPITAL ACQUISITION - Acquisition of RF Capital Group was accretive and performed ahead of expectations, strengthening wealth management
RECORD INSURANCE SALES - Canadian individual mass market saw record insurance sales of C$111M and strong net fund inflows of C$1.2B
US SALES GROWTH - Strong business growth in US Operations, with sales up 18% YoY in Individual Insurance and sales up 8% YoY in Dealer Services
Key Details
Press Release: ID:nBw9fmzkda
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