iA Financial Corporation Inc IAFNF

Reports Solid Second Quarter Results

[Betteryear2]

Robust earnings growth driven by very strong sales, as well as favourable experience and market conditions

QUEBEC CITY, QC, July 29, 2021 /CNW/ -

SECOND QUARTER HIGHLIGHTS – iA Financial Corporation

• Core EPS1 of $2.29 (+34% YoY), above guidance ($1.95 to $2.10), and reported EPS of $2.15 (+26% YoY)
• Core ROE1,2 of 14.2%, above guidance (12.5% to 14.0%), and reported ROE2 of 13.2%
• Record quarterly net income attributed to common shareholders of $231 million
• Premiums and deposits above $3.9 billion (+47% YoY) and AUM/AUA of $210.5 billion (+16% YoY)
• Solvency ratio of 130% and leverage ratio of 23.6% at June 30, 2021
• Book value per common share of $59.02, up 4% during the second quarter and up 11% over twelve months

https://www.newswire.ca/news-releases/ia-financial-group-reports-solid-second-quarter-results-802054679.html