Ia Financial Corporation Inc. · TSX:IAG
Ia Financial — Investor Day (February 2025)
34 slides from Ia Financial's investor day presentation, Feb 24, 2025
Slide 1: Ready for more the iA way
Ready for more the iA way 2025 INVESTOR EVENT
Slide 2: Denis Ricard, President and Chief Executive Officer
2025 INVESTOR EVENT Denis Ricard President and Chief Executive Officer 2
Slide 3: Agenda
2025 READY FOR MORE THE IA WAY INVESTOR EVENT Agenda Building on a solid foundation With a strong record of execution A clear path for more growth The iA way to greater performance 3
Slide 4: Building on a solid foundation
2025 INVESTOR EVENT Building on a solid foundation Our Our values purpose Client centricity Inspired teams For our clients • Anticipate client needs, • Shared vision of iA to be confident and working closely with distributors success secure about their • Quality products and services • Empowered, in
Slide 5: Leading in shareholder returns for 25 years
2025 BUILDING ON A SOLID FOUNDATION INVESTOR EVENT Leading in shareholder returns for 25 years Total shareholder returns1 IAG +3,047% (Share price growth with dividend reinvested, at year-end) CAGR2 Ranking iA Peers3 Best performance among Canadian lifecos 5 #1 17.3% 14.2% years PEERS3 +1,337% 10 #1
Slide 6: Consistently superior book value growth
2025 BUILDING ON A SOLID FOUNDATION INVESTOR EVENT Consistently superior book value growth Book value per share and IAG dividends paid +708% CAGR1 (at year-end) PEERS2 Ranking iA Peers2 +409% 5 #1 9% 6% years 10 #1 9% 7% years Since #1 10% 7% IPO 100% Accounting regime transition June 30, 2004 2005
Slide 7: A track record of sustained growth, fuelled by ongoing sales momentum
2025 BUILDING ON A SOLID FOUNDATION INVESTOR EVENT A track record of sustained growth, fuelled by ongoing sales momentum Net Premiums1, Premium Assets Under Management1 259,4 Equivalents & Deposits1 & Administration1 ($M) ($B) 20 424 189,5 10-year 10-year CAGR CAGR 11% 11 362 9% 109,5 7 481 2014 201
Slide 8: Core EPS Growth Outperformance
2025 BUILDING ON A SOLID FOUNDATION INVESTOR EVENT Core EPS†† Growth CORE EPS†† Outperfomance ($) 12% Last 10 years 12% 11,16 CAGR 5-year CAGR Outperforming our 10%+ annual average 4,04 growth target 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 8
Slide 9: Delivering on our promise to continuously expand core ROE
2025 BUILDING ON A SOLID FOUNDATION INVESTOR EVENT Delivering on our promise CORE ROE†† to continuously ($) 15,9% expand core 13,3% 14,2% 14,2% 14,4% ROE †† 11,5% 11,9% 11,6% 12,4% 12,6% In line Annual Target Range with targets Mid-term 11.5% 12.5% 13% Last 10 years 11% to 12.5% to to to target of 1
Slide 10: Financial flexibility from robust capital position to support growth ambition
2025 BUILDING ON A SOLID FOUNDATION INVESTOR EVENT Financial flexibility from robust capital position to support growth ambition Lots of capital Strong, sustainable organic to deploy capital generation $1.4B $650M+ Capital available for deployment2 2025 target3 for organic Pro forma1 as at December
Slide 11: A clear path for more growth
2025 INVESTOR EVENT A clear path for more growth Our Our purpose ambition For our clients to be To be the leading financial institution confident and secure that best combines the human and about their future digital experience 11
Slide 12: The iA way
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT The iA way A strategic mix of drivers for Target Distribution markets sustainable growth the iA way Scalability Products Technology 12
Slide 13: Focused on target markets
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT The iA way: Focused on target Target markets Distribution markets • Markets in which iA is, or can be, the leader the iA • Focus on where iA can add value through its way core strengths and synergies Scalability Products • Markets where iA can capital
Slide 14: Creating value in our unique way
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT Creating value in our unique way Property & Casualty Individual insurance and distribution (US) Synergies Geographical High ROE businesses Dealer Expansion delivering synergies and Group High-growth potential Services competitive advantages businesses
Slide 15: Canada: Outpacing the market, the iA way
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT Canada Individual Segregated Outpacing Insurance funds the market, #1 #1 the iA way 237,529 policies1 Gross and net sales2 Wealth Dealer Services #1 Top 2 Non-bank dealer Total sales3 (AUA/AUM)3 15 For all footnotes on this slide, refer to slides in a
Slide 16: U.S.: Accelerating growth in a high-potential market
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT U.S. • Significant growth opportunities, given the fragmented nature of U.S. target markets Accelerating • Leveraging iA’s skills and expertise, including risk management and operational efficiency growth in a • Robust infrastructure and processes to
Slide 17: To a strong connection with clients
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT The iA way: To a strong connection Target markets Distribution with clients • A full range of distribution channels, depending the iA on types of products and targeted markets way • Developing lasting relationships based on trust Scalability Products
Slide 18: A wide range of products for the financial security of our clients
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT The iA Way: A wide range of products Target markets Distribution for the financial security of our clients the iA • Through close relationships with distributors, iA gains way Scalability Products an in-depth understanding of evolving client needs • A
Slide 19: Making smart technological choices to support growth
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT The iA Way: Making smart Target markets Distribution technological choices to support growth the iA way strategy Scalability Products • High-performance, user-friendly tools, enabling distributors and employees to focus on serving clients Technology •
Slide 20: Scalability and agility to support future growth in target markets
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT The iA Way: Scalability and agility Target markets Distribution to support future growth in target markets the iA • Flexible infrastructure and robust systems to manage way Scalability Products high volumes of contracts • Effective management of growi
Slide 21: The iA way: our strategic approach for more growth in Canada and the U.S.
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT The iA way Outpace Accelerate Building on market growth growth our strategic in Canada in the U.S. approach for more growth Target Distribution in Canada and markets the U.S. Scalability the iA way Products Technology 21
Slide 22: Deploying available capital soundly
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT Deploying available capital soundly Investing actively in high ROE business and digital evolution Capital allocation priorities Returning value #3 Dividends #4 NCIB • ROE expansion driven • Accelerating growth • Returning value • An additional tool by
Slide 23: Disciplined M&A strategy
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT Disciplined M&A strategy Key Acquisition Criteria Pursuing strong • Fit with iA strategic vision and culture growth while • Path to core EPS†† and ROE accretion ensuring financial • Value creation opportunities using iA strengths and know-how, and lev
Slide 24: Key financial targets
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT Key financial targets Ready for more growth with new, higher financial targets1 10%+ 17%+ $650M+ 25% to 35% annual average Core ROE†† Organic capital of core earnings Core EPS†† growth (2027) generation Dividend payout (medium-term) (2025) ratio†† 24
Slide 25: Executive team
2025 A CLEAR PATH FOR MORE GROWTH INVESTOR EVENT DENIS RICARD ÉRIC JOBIN PIERRE MIRON RENÉE LAFLAMME STEPHAN BOURBONNAIS President and Executive Vice-President, Executive Vice-President, Executive Vice-President, Executive Vice-President, Chief Executive Officer Chief Financial Officer and Chief Gro
Slide 26: Ready for more the iA way
Ready for more the iA way 2025 INVESTOR EVENT
Slide 27: Additional Information
Additional Information 2025 INVESTOR EVENT 27
Slide 28: At the forefront of net income growth
2025 ADDITIONAL INFORMATION INVESTOR EVENT At the forefront of net income growth Net income attributed to common shareholders ($M) 942 830 817 769 Last 10-year 687 CAGR 613 611 9% 537 516 364 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 28
Slide 29: Superior financial performance
2025 ADDITIONAL INFORMATION INVESTOR EVENT Superior financial performance Core†† and Reported EPS Core†† and Reported ROE ($, diluted) ($, diluted) $11,16 15,9% $ 9,77 14,2% 14,2% 14,4% $9,31 13,9% $8,85 13,3% 13,2% $8,31 12,3% $ 7,70 $ 7,65 $ 7,48 11,6% $7,12 10,6% $ 5,70 2020 2021 2022 2023 2024 2
Slide 30: Footnotes
2025 APPENDIX – READY FOR MORE, THE IA WAY – DENIS RICARD 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 Measures” se
Slide 31: Footnotes (continued)
2025 APPENDIX – READY FOR MORE, THE IA WAY – DENIS RICARD INVESTOR EVENT Footnotes (continued) Slide 24 (1) Within the meaning of applicable securities laws, such market guidance constitutes “financial outlook” and “forward-looking information”. The purpose of this financial guidance is to provide a
Slide 32: Non-IFRS and Additional Financial Measures
2025 APPENDIX – READY FOR MORE, THE IA WAY – DENIS RICARD 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 as “IFRS” in
Slide 33: Forward-looking statements
2025 APPENDIX – READY FOR MORE, THE IA WAY – DENIS RICARD 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 to future eve
Slide 34: iA Financial Group
iAM Financial Group