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iA Financial Group Reports First Quarter Results

Sustainable financial strength and strong sales growth despite the COVID-19 pandemic


News Release

FIRST QUARTER HIGHLIGHTS – iA Financial Corporation

  • Focus on health of employees and advisors and support for clients and communities
  • Core EPS1 of $1.41, up 10% YoY
  • Reported EPS of $0.36 (-74% YoY), reduced by an estimated $1.12 EPS due to COVID-19 impact
  • Solvency ratio of 137% at March 31, 2020 (124% at March 31, 2019)
  • Premiums and deposits up 19% YoY, supported by strong segregated fund sales
  • Excellent performance by iA Auto and Home throughout the quarter (+$0.11)

The results presented below are for iA Financial Corporation Inc. (“iA Financial Corporation” or the “Company”), the holding company that owns 100% of the common shares of Industrial Alliance Insurance and Financial Services Inc. (“iA Insurance”) as a result of a plan of arrangement. The results for iA Insurance are presented in a separate section on page 5 of this document.

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