iA Financial (IAG) investor relations material

Executive summary

• Q2 2026 delivered strong profitability with EPS up 25% year-over-year to $4.28 and core EPS up 5% to $3.68, supported by diversified earnings growth and disciplined capital deployment.

• Net premiums, premium equivalents, and deposits rose 25% year-over-year to over $6.3 billion, while assets under management and administration increased 37% to over $374 billion.

• Wealth Management drove earnings growth, with core earnings up 37% year-over-year and strong net inflows and advisor engagement.

• Insurance, Canada remained stable despite regulatory headwinds, while US Operations and Dealer Services faced market and regulatory challenges.

• Maintained robust capital position with a solvency ratio of 137% and $1.1 billion available for deployment.

Financial highlights

• Core EPS was $3.68, up 5% year-over-year; reported EPS was $4.28, up 25% year-over-year.

• Net income was $384 million; core earnings for Q2 were $330 million.

• Book value per common share rose to $80.55, up 6% year-over-year.

• Solvency ratio stood at 137%, well above the regulatory minimum.

• $347 million deployed in share buybacks during Q2.

Outlook and guidance

• Management reaffirmed medium-term targets: core EPS growth of 10%+ annually, core ROE of 17%+, and organic capital generation of $700 million+ for 2026.

• YTD 2026: Core EPS growth 8%, core dividend payout ratio 30.2%.

• Expect continued strong momentum in Wealth Management and gradual improvement in U.S. Dealer Services.