Ia Financial Corporation Inc. · TSX:IAG
Ia Financial — Investor Day (February 2025)
24 slides from Ia Financial's investor day presentation, Feb 24, 2025
Slide 1: Ready for more: Higher financial targets
Ready for more Higher financial targets 2025 INVESTOR EVENT
Slide 2: Éric Jobin, Executive Vice-President, CFO and Chief Actuary
2025 INVESTOR EVENT Éric Jobin Executive Vice-President Chief Financial Officer and Chief Actuary 2
Slide 3: Key takeaways
2025 HIGHER FINANCIAL TARGETS INVESTOR EVENT Key takeaways Disciplined execution 10%+ $650M+ with a prudent and Core EPS†† growth Organic capital-efficient approach medium-term capital generation2 annual average (2025) Ready for higher 17%+ 25% to 35% financial targets1 Core ROE (2027) †† Core divid
Slide 4: Sound risk management and prudent approach
2025 DISCIPLINED EXECUTION INVESTOR EVENT Sound risk management and prudent approach Constantly improving while adapting to the environment 2022 2023 2024 2025+ Last decade IFRS 9/17 transition Post IFRS 9/17 transition Going forward • Risk reduction • No impact on equity, book • Model refinements C
Slide 5: High quality earnings
2025 DISCIPLINED EXECUTION INVESTOR EVENT High quality earnings Last 10 years core earnings† reconciliation to net income1 100% 96% -2% -1% -1% 91% -5% Core earnings† Expectation is for these items to be near-neutral on the long term aims to measure the operating performance and earnings potential o
Slide 6: Resilient investment portfolio
2025 DISCIPLINED EXECUTION INVESTOR EVENT Resilient investment portfolio Composed of high quality Elevating portfolio assets and diversified ROE with Total Portfolio exposures Management (TPM) Bonds - Corporates - BB and lower 1% Pre-2022: Asset allocation with Investment properties 3% global consid
Slide 7: Operational efficiency mindset
2025 DISCIPLINED EXECUTION INVESTOR EVENT Operational efficiency mindset 2023 2024 2025+ NEGATIVE POSITIVE WELL-ANCHORED POSITIVE OPERATING LEVERAGE OPERATING LEVERAGE OPERATING LEVERAGE Continuity of a Increasing operational disciplined expenses Top of class efficiency mindset culture while investi
Slide 8: Robust capital position
2025 DISCIPLINED EXECUTION INVESTOR EVENT Robust capital position Strong foundation Strong and ongoing for growth organic capital generation $650M+ $635M High Flexible High solvency balance capital ratio sheet to deploy • 133%1,2 • 15.0%3 financial • $1.4B4 of capital leverage ratio†† available for
Slide 9: Key takeaways
2025 INVESTOR EVENT Key takeaways Disciplined execution 10%+ $650M+ with a prudent and Core EPS†† growth Organic capital-efficient approach medium-term capital generation annual average (2025) Ready for higher 17%+ 25% to 35% financial targets1 Core ROE (2027) †† Core dividend payout ratio†† with a
Slide 10: EPS growth momentum
2025 READY FOR HIGHER FINANCIAL TARGETS INVESTOR EVENT EPS growth momentum Organic growth A clear path to reach core EPS†† target2 initiatives • Distribution: Increase sales1 by 6% broadening distribution reach Organic growth Solid recurring earnings • Insurance, Canada & from profit on in-force Wea
Slide 11: Sound capital allocation
2025 READY FOR HIGHER FINANCIAL TARGETS INVESTOR EVENT Sound capital allocation Fostering sustainable growth Organic growth Capital required for profitable • Capital required for profitable new business new business • Vast majority of 2024 sales were products with low guarantees Disciplined acquis
Slide 12: Business fundamentals support new target
2025 READY FOR HIGHER FINANCIAL TARGETS INVESTOR EVENT Business fundamentals support new target Core ROE†† 17%+ . Current operations 2024 New Opportunity to expand ROE in Canada core ROE†† business3 and even more so in the U.S. Canada1 ≈18% 20%+ Total operations Already generating a ≈17% core ROE††
Slide 13: ROE expansion momentum
2025 READY FOR HIGHER FINANCIAL TARGETS INVESTOR EVENT ROE expansion momentum A clear path to reach Consistently increasing new core ROE†† target core ROE†† target Core ROE†† 17% 0.5% 2027 0.9% 17%+ 0.6% 15% 2023-2024 15%+ mid-term Includes capital deployment of $300M/year (2025-2027) 2022 13% to 15
Slide 14: Additional ≈$2.5B of capital available for deployment could further expand ROE
2025 READY FOR HIGHER FINANCIAL TARGETS INVESTOR EVENT Additional ≈$2.5B of capital available for deployment could EXAMPLE1 further expand ROE Core ROE†† $1B 0.5% 17% additional capital 0.9% deployment 0.6% 15% 50% NCIB / 50% acquisition Includes capital deployment of $300M/year (2025-2027) Marginal
Slide 15: Key takeaways
2025 INVESTOR EVENT Key takeaways Disciplined execution 10%+ $650M+ with a prudent and Core EPS†† growth Organic capital-efficient approach medium-term capital generation annual average (2025) Ready for higher 17%+ 25% to 35% financial targets1 Core ROE (2027) †† Core dividend payout ratio†† with a
Slide 16: Appendix
Appendix 2025 INVESTOR EVENT
Slide 17: Returning value to shareholders
2025 APPENDIX – READY FOR MORE, HIGHER FINANCIAL TARGETS – ÉRIC JOBIN INVESTOR EVENT Returning value to Dividend NCIB 924 shareholders ($M) ($M) 10-year CAGR 602 • Dividend: 11.5% • Return to shareholders (NCIB + Dividend): 23% In the last 10 years • Actively increasing share 322 buyback program 106
Slide 18: EPS Return on equity (ROE)
2025 APPENDIX – READY FOR MORE, HIGHER FINANCIAL TARGETS – ÉRIC JOBIN INVESTOR EVENT EPS Return on equity (ROE) ($) 11.16 (%) 15.9% 14.2% 14.2% 14.4% 9.31 13.2% 8.85 12.9% 13.3% 9.77 12.4% 13.9% 8.31 11.9% 11.5% 11.6% 13.2% 12.5% 12.6% 12.3% 7.12 11.6% 11.4% 7.70 7.65 6.26 7.48 10.6% 10.2% 5.55 6.40
Slide 19: Footnotes
2025 APPENDIX – READY FOR MORE, HIGHER FINANCIAL TARGETS – ÉRIC JOBIN INVESTOR EVENT Footnotes For all slides In this presentation, items marked with the † symbol are non-IFRS financial measures and items marked with the †† symbol are non-IFRS ratios. Refer to the “Non-IFRS and Additional Financial
Slide 20: Footnotes (continued)
2025 APPENDIX – READY FOR MORE, HIGHER FINANCIAL TARGETS – ÉRIC JOBIN INVESTOR EVENT Footnotes (continued) Slide 8 This slide contains financial outlook. Refer to the "Forward-looking statements" section in appendix for more details. (1) The solvency ratio is calculated in accordance with the Capita
Slide 21: Footnotes (continued)
2025 APPENDIX – READY FOR MORE, HIGHER FINANCIAL TARGETS – ÉRIC JOBIN INVESTOR EVENT Footnotes (continued) Slide 12 This slide contains financial outlook. Refer to the "Forward-looking statements" slide in appendix for more details. (1) Excluding excess capital. (2) Excess capital that raises the to
Slide 22: Non-IFRS and Additional Financial Measures
2025 APPENDIX – READY FOR MORE, HIGHER FINANCIAL TARGETS – ÉRIC JOBIN INVESTOR EVENT Non-IFRS and Additional Financial Measures iA Financial Corporation (hereinafter referred to as the “Company”) reports its financial results and statements in accordance with IFRS® Accounting Standards (referred to
Slide 23: Forward-looking statements
2025 APPENDIX – READY FOR MORE, HIGHER FINANCIAL TARGETS – ÉRIC JOBIN INVESTOR EVENT Forward-looking statements This document may contain statements relating to strategies used by iA Financial Group or statements that are predictive or otherwise forward-looking in nature, that depend upon or refer t
Slide 24: February 24, 2025
IA fi | Financial Group