iA Financial Group Reports First Quarter Results and an 11% Common Dividend Increase

FIRST QUARTER HIGHLIGHTS

• Core EPS^†† of $3.25 (+12% YoY) and trailing-12-month core ROE^†† of 17.5%, in line with the 2026 core ROE target¹ of 17%⁺
• EPS of $1.49 (-25% YoY) and trailing-12-month ROE² of 14.3%
• Record segregated fund gross sales³ of $2.4 billion, and individual insurance policies issued up 5% YoY in Canada
• Good sales and business retention, bringing net premiums,³ premium equivalents and deposits³ to nearly $6.4 billion, up 10% YoY
• Total assets under management³ and assets under administration³ up 31% over the last 12 months to exceed $346 billion
• Solid organic capital generation³ of $155 million in Q1, up from $125 million in Q1 2025, on track to reach the 2026 target of $700⁺ million¹
• Robust capital position emphasized by a 134% solvency ratio⁴ and capital available for deployment³ of $1.2 billion as at March 31, 2026
• Share buyback program (NCIB) maximum to be increased from 5% of shares outstanding⁵ to 8% of public float⁵ (subsequent to the quarter)

For the first quarter ended March 31, 2026, iA Financial Group (TSX: IAG) recorded core diluted earnings per common share (EPS)^†† of $3.25, which is 12% higher than the same period in 2025. Core return on common shareholders’ equity (ROE)^†† for the trailing 12 months was 17.5%. First quarter net income attributed to common shareholders was $137 million, diluted EPS was $1.49 and ROE for the trailing 12 months was 14.3%. The solvency ratio was 134% as at March 31, 2026, highlighting a robust capital position.

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About iA Financial Group

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is one of Canada’s largest public companies. It is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares).

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