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Good profitability and robust capital position, supported by strong organic capital generation The results presented below are for iA Financial Corporation Inc....

IA Financial Corporation Inc. (OTCPK:IAFNF) Q1 2022 Earnings Conference Call May 12, 2022 11:30 a.m.

Product sales surged in the firm’s wealth management and individual insurance businesses

Staff Fourth-quarter earnings for Quebec City–based iA Financial Corporation were flat from a year ago, the firm announced on Thursday. IA Financial reported net income attributed to common shareholders of $171.9 million in the quarter, up slightly from $171.2 million a year ago. Assets under management and administration reached $197.5 billion in Q4, up 4% year over year. Assets increased 6% during the quarter, attributable to net inflows and market growth, the firm said in a release. Product sales surged in iA’s wealth management business, reaching $247.3 million — a 40% year-over-yea...

FOURTH QUARTER HIGHLIGHTS – iA Financial Corporation Solvency ratio of 130% at December 31, 2020, up five percentage points Reported and core EPS of $1.60 for the fourth quarter Expected profit on in-force up 11% YoY and excellent results at iA Auto and Home Continued strong sales growth, particularly in Individual Insurance (+40% YoY) Net fund inflows of $792 million, including over $245 million in mutual funds Slightly positive impact of year-end actuarial assumption review and risk management initiatives, including additional provisions for the pandemic Reinstatement of market ...