Core EPS† above guidance, supported by positive core experience† — Common dividend raised by 8%
July 28, 2022
SECOND QUARTER HIGHLIGHTS – iA Financial Corporation
Reported EPS of $2.06, and core EPS† of $2.37, above guidance ($2.20 to $2.35)
Reported ROE†,1 of 12.5%, and core ROE† of 14.1%, above the middle of guidance (13% to 15%)
Reinforced positive outlook for IFRS 9 and IFRS 17 transition
Robust solvency ratio† of 130% at June 30, 2022 and strong organic capital generation† of ~$160 million
Book value per common share2 of $60.97 at June 30, 2022, compared to $59.02 12 months earlier
Dividend on common shares raised to $0.6750 per share (+8%)
For the second quarter ended June 30, 2022, iA Financial Corporation (TSX: IAG) reports net income attributed to common shareholders of $222 million, diluted earnings per common share (EPS) of $2.06 and return on common shareholders’ equity (ROE) for the trailing twelve months of 12.5%. Core EPS† of $2.37 is above guidance for the quarter and core ROE† of 14.1% for the trailing twelve months is above the middle of guidance. The solvency ratio stands strong at 130% at June 30, 2022.
