iA Financial Group presents favourable impacts of IFRS 17 transition at its Investor Session
Very robust solvency ratio† of 154% and increased core ROE† target of 15%+
Quebec,
News Release
iA Financial Group (iA Financial Corporation Inc., the “Company” or “iA”) (TSX: IAG) will hold a virtual Investor Session today, Tuesday, March 28, 2023, from 9:00 a.m. to 11:00 a.m. (ET). During this public event, under the theme “Building on an even stronger capital position under IFRS 17,” an update will be given on the Company’s IFRS 9 and 171 impacts, on new opportunities created by the accounting changes and on medium-term financial objectives.
“The transition to the new accounting regime is very favourable for iA, thanks to our long-term vision and strong risk management,” commented Denis Ricard, President and Chief Executive Officer of iA Financial Group. “iA’s financial strength is now fully reflected with a solvency ratio of 154%2, which translates to nearly $2 billion2 in capital available for deployment†. The Company is well positioned to continue its profitable growth, to seize opportunities with the discipline and prudence that have always been part of our DNA and to create value for our shareholders.”