iA Financial (IAG) Investor Update summary

Event overview and strategic direction

• Presented a comprehensive update on financial targets, growth strategy, and operational performance, emphasizing a unique, integrated approach to business and capital deployment.

• Highlighted a strong track record of outperformance versus peers in shareholder returns, book value growth, and EPS, with a 25-year annual return of nearly 15% and consistent delivery above targets.

• Outlined a disciplined approach to capital management, with $1.4 billion in deployable capital and a focus on organic growth, targeted acquisitions, and sustainable dividend increases.

• Emphasized technology, operational efficiency, and distribution reach as key enablers for future growth and scalability.

• Focuses on disciplined execution and capital-efficient management to drive future growth.

Growth strategy and business model

• Emphasizes a unique business model with strong recent growth and plans to accelerate expansion in Canada and the U.S.

• Highlights a diverse product mix, advanced digital tools, and a robust distribution network as competitive advantages.

• Distribution, technology investment, and a diversified business model drive resilience and market leadership, with a focus on client-centricity and cross-selling opportunities.

• Individual Insurance and Savings leads the market in policy issuance and net sales, growing faster than peers and targeting 5-8% insurance and 8-10% savings growth to 2030.

• Wealth management leverages unmatched advisor scale, technology, and open architecture to capture a growing affluent market, with 36% advisor recruiting growth and 8.5% asset growth annually.

New market guidance and financial targets

• Sets medium-term core EPS growth target at 10%+ annually.

• Aims for core ROE of 17%+ by 2027.

• Projects organic capital generation of $650+ million in 2025.

• Establishes a core dividend payout ratio between 25% and 35%.

• Announced updated financial guidance, maintaining 10%+ EPS growth and increasing ROE target from 15%+ to 17%+ by 2027.