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Ia Financial Corporation (TSE:IAG)
:IAG
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.88Last Year’s EPS
2.44Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -2.45%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with record profitability, significant growth in both Canada and U.S. operations, and a robust capital position. However, there are some concerns regarding provisions for outstanding balances in the U.S. and credit experience losses. The overall sentiment is positive, as highlights significantly outweigh the lowlights.Company Guidance
During the Industrial Alliance Financial Group's Fourth Quarter 2024 Earnings Results Conference Call, significant achievements were highlighted, demonstrating the company's strong financial performance and strategic growth. The core earnings per share (EPS) reached a record high of $3.04, marking a substantial 30% increase year-over-year. Core return on equity (ROE) stood at 16.9% on a quarterly annualized basis. Sales momentum was robust, with premiums and deposits soaring by 39% year-over-year, while assets under management and administration grew by 18%. The company's solvency ratio remained strong at 139%, supported by an organic capital generation of $150 million in Q4. Additionally, the book value per share increased by 10% year-over-year, or 13% excluding the impact of share buybacks. The U.S. operations also showed remarkable growth, with Individual Insurance sales rising by 55% and Dealer Services sales up by 21% year-over-year. Overall, iA Financial Group's performance in 2024 was exceptional, driven by a 20% increase in core EPS and strategic capital deployment, setting a solid foundation for continued growth into 2025.Record Profitability Achieved in Q4
Core EPS reached $3.04, a 30% increase year-over-year, with core ROE at 16.9% for the quarter.
Strong Sales and Growth in U.S. Operations
U.S. Individual Insurance sales totaled US$68 million, a 55% increase year-over-year, and Dealer Services sales reached US$274 million, a 21% increase.
Impressive Growth in Wealth Management
Gross sales of seg funds achieved a quarterly record high of nearly $1.6 billion, marking an 87% increase year-over-year, with net inflows of nearly $1 billion.
Robust Capital Position
Solvency ratio stood at 139%, well above the operating target, with organic capital generation of $150 million in Q4.
Successful Year-End Performance
Core earnings surpassed $1 billion for 2024, with a 22% increase in premiums and deposits and an 18% increase in assets under management.
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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 |
|---|---|---|---|
| Feb 18, 2025 | C$132.87 | C$133.70 | +0.62% |
| 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% |
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 May 08, 2025, TBA Not Confirmed.
What is Ia Financial Corporation (TSE:IAG) earnings time?
Ia Financial Corporation (TSE:IAG) earnings time is at May 08, 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 2025 (Q1) is 2.88.
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