Strong Core Earnings and ROE
Core EPS reached $3.49, up 27% year-over-year. Core ROE was 17% on a trailing 12-month basis, meeting the 2027 target ahead of schedule.
Growth in U.S. Operations
Individual insurance sales in the U.S. increased by 59% year-over-year, reaching USD 78 million, surpassing Canadian sales for the first time.
Robust Capital Position
Solvency ratio at 138%, supported by strong organic capital generation. Book value per share up 9% year-over-year, with a 10% dividend increase announced.
Successful Strategic Acquisition
Announced the acquisition of RF Capital, a significant move to accelerate growth in the high net worth segment, expected to be accretive to core EPS by at least $0.15 in year 2.
Positive Wealth Management Results
Assets under management rose by 18% year-over-year. Gross fund sales up 8%, with strong net sales of $670 million.