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Industrial Alliance Reports First Quarter Results

Quebec,

News Release

Q1-2017 Highlights
  • Diluted EPS of $1.03
  • Diluted core EPS1 of $1.07 vs. guidance of $1.00-$1.10 EPS
  • Net mutual fund sales of $200 million
  • Premiums and deposits of $2.8 billion (up 42% YoY)
  • New business strain ratio of 6% (+$0.04 EPS)
  • Solvency ratio of 222% (208% post-HollisWealth)
  • Book value per share of $41.86 (+15% YoY)

For the first quarter ended March 31, 2017, Industrial Alliance Insurance and Financial Services Inc. (TSX: IAG) reports net income attributed to common shareholders of $110.3 million, diluted earnings per common share (EPS) of $1.03 and return on shareholders’ equity (ROE)1 of 13.4% for the trailing twelve months, compared with net income of $98.3 million, EPS of $0.96 and ROE1 of 9.8% a year earlier.

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