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iA Financial Group Reports Second Quarter Results

Strong growth in EPS for a 2nd consecutive quarter, dividend to common shareholders increased by 9%

Quebec City,

News Release

Q2/2018 Highlights

  • Reported EPS of $1.44 (+21% YoY)
  • Core EPS1 of $1.38 (+16% YoY)
  • Favourable policyholder experience of $0.20 EPS ($0.31 EPS year to date)
  • Solvency ratio of 122% (target of 112-116%)
  • Dividend on common shares raised to 41.5 cents per share (+9%)

For the second quarter ended June 30, 2018, iA Financial Group (TSX: IAG) reports net income attributed to common shareholders of $159.1 million, diluted earnings per common share (EPS) of $1.44 and return on shareholders’ equity (ROE) for the last twelve months of 12.0%. Earnings guidance for the second quarter was $1.30 to $1.40 per share.

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