IA Financial beats Q3 core EPS estimates

iA Financial

04/11/2025 22:25

Overview

IA Financial Q3 core EPS grows 18% YoY, beating analyst expectations

Company completed RF Capital Group acquisition, enhancing wealth management distribution

Renewal of NCIB program to repurchase up to 5% of outstanding shares

Outlook

Company on track to meet 2025 target of $650M+ in organic capital generation

Acquisition of RF Capital Group expected to boost wealth management growth

Result Drivers

SALES MOMENTUM - Strong sales in Canada and the U.S., with Wealth Management generating over $1.1 bln in net fund sales

CAPITAL GENERATION - Organic capital generation of $170 mln supports robust capital position

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Core EPS
Beat
C$3.47
C$3.23 (6 Analysts)
Q3 EPS
C$3.91
Q3 Net Income
C$364 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the life & health insurance peer group is "buy"

Wall Street's median 12-month price target for iA Financial Corporation Inc is C$162.00, about 3.4% below its November 3 closing price of C$167.52

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw5nQ0YRa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)