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iA Financial Group Reports Solid Third Quarter Results
Earnings above expectations, continued very strong sales momentum and robust financial position
Quebec,
News Release
THIRD QUARTER HIGHLIGHTS – iA Financial Corporation
- Core EPS1 of $2.23, above guidance ($2.00 to $2.15), and reported EPS of $2.01
- Core ROE1,2 of 14.0%, at top of guidance (12.5% to 14.0%), and reported ROE2 of 12.8%
- Record AUM/AUA of $214.5 billion (+15% YoY) – Powered by net fund entries and favourable markets
- Solvency ratio of 131% and leverage ratio of 23.1% at September 30, 2021
- Book value per common share of $60.82, up 3% during the third quarter and up 12% over twelve months
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”). The results for iA Insurance are presented in a separate section on page 5 of this document.