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Ia Financial Corporation (TSE:IAG)
:IAG
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.8Last Year’s EPS
2.34Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2019
|% Change Since: 14.80%
|Next Earnings Date:Aug 01, 2019
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant sales growth across segments and effective capital management strategies. However, technical difficulties and some challenges in U.S. Dealer Services tempered the overall positive outlook.Company Guidance
During the earnings call for Industrial Alliance Insurance and Financial Services Inc. (IAG.TO) for Q3 2024, the company provided robust guidance reflecting strong financial performance and strategic growth initiatives. Core earnings per share (EPS) rose by 17% year-over-year, reaching a record $2.93, while reported EPS was $2.99. The company's trailing 12-month core return on equity (ROE) stood at 15.3%, with an annualized core ROE of 16.6%, surpassing their mid-term target. Premiums and deposits increased by 25% year-over-year, and assets under management and administration grew by 22%. The solvency ratio remained strong at 140%, supported by $180 million in organic capital generation. IAG highlighted significant sales growth across nearly all business units, including a 55% increase in U.S. Individual Insurance sales and a 62% rise in Group Savings and Retirement sales. The company's capital for deployment was $1 billion as of September 30, 2024, with expectations to rise by $700 million due to proposed regulatory changes. Management reiterated their commitment to a balanced capital deployment strategy, including a 10% dividend increase, share buybacks, and strategic acquisitions, as evidenced by recent additions like Vericity and Prosperity Life Group.Record Core EPS and ROE
Core EPS increased by 17% year-over-year to $2.93 per share, with an annualized core ROE of 16.6%, exceeding midterm targets.
Strong Sales Growth Across Segments
Insurance Canada saw a 16% increase in core earnings, with Individual Insurance sales up 7% and Group Insurance premiums and deposits up 10%. Wealth Management saw a 51% increase in gross sales of seg. funds.
Robust U.S. Performance
Record U.S. Individual Insurance sales were up 55% year-over-year, while Dealer Services sales increased by 15%.
Capital Deployment and Financial Flexibility
Capital available for deployment at $1 billion, with an expected increase of $700 million from regulatory changes. Renewed NCIB program and a 10% dividend increase.
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TSE:IAG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:IAG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | C$114.24 | C$132.76 | +16.21% |
| Aug 06, 2024 | C$87.50 | C$91.62 | +4.71% |
| May 09, 2024 | C$84.72 | C$88.02 | +3.90% |
| Feb 20, 2024 | C$90.67 | C$82.82 | -8.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ia Financial Corporation (TSE:IAG) report earnings?
Ia Financial Corporation (TSE:IAG) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Ia Financial Corporation (TSE:IAG) earnings time?
Ia Financial Corporation (TSE:IAG) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:IAG EPS forecast?
TSE:IAG EPS forecast for the fiscal quarter 2024 (Q4) is 2.8.
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