Ia Financial Corporation Inc. · TSX:IAG
Ia Financial — Investor Presentation (June 2022)
27 slides from Ia Financial's investor presentation, Jun 13, 2022
Slide 1: Company profile
WITH YOU Company profile Data as at December 31, 2021
Slide 2: iA Financial Group: purpose, mission and ambition
iAFinancial Group is one of the OUR PURPOSE largest insurance and wealth For our clients to be confident and secure about their management groups in Canada, future. with operations in the United States. OUR MISSION To ensure the financial wellbeing of our clients by Founded in 1892, it is an importa
Slide 3: Building for the Long Term
BUILDING FOR STRATEGIC AXES THE LONG TERM Growth To be a North American financial institution operating in sectors deemed strategically important where we can be Our strategic plan for the coming the leader in the mass/mid markets years is based on four strategic Client experience axes: growth, clie
Slide 4: Our Five Values
OUR FIVE VALUES Respect for High- Continuous individuals Service- Teamwork performance improvement and oriented environment distributors 1 2 3 4 5
Slide 5: The Group Today
THE GROUP TODAY 4 million 8,200 50,0001 $221.2 $7.8 + + + billion billion clients employees representatives assets market under management capitalization and administration† 1 In prior years, the number of representatives presented was that of the individual insurance and individual wealth managemen
Slide 6: The Group Today: Lines of Business and Divisions
THE GROUP TODAY iA Financial Group has four main lines of business in Canada: — Individual Insurance and Individual Wealth Management, which address the needs of retail customers. — Group Insurance and Group Savings and Retirement, which address the needs of groups and businesses. A fifth line of bu
Slide 7: Diversified Business Mix
DIVERSIFIED THE GROUP BUSINESS MIX TODAY driven by a shared purpose, a strong vision and high ambition Foundation Long-established businesses in which iA excels and is already a leader. Retail Individual Distribution Expansion Insurance (Insurance High-growth distinctive (Canada) and Wealth) busines
Slide 8: Shareholder Return
THE GROUP TODAY SHAREHOLDER RETURN The company is managed with a long-term perspective. The sustained growth in the company’s book value1 and common share price since 2000 reflects the success of this approach and the scale of the company’s growth as a whole. IAG Share Price Historical CAGR: 11% $62
Slide 9: Business Growth
BUSINESS GROWTH Growth of premiums and deposits† Growth in assets†, which is reliant ORGANIC GROWTH is the result of new sales and strong on gross sales, in-force business Organic growth is strong and steady. retention of in-force business. persistency and the return on assets, It is supported by ou
Slide 10: Earning Power and Financial Strength
EARNING POWER FINANCIAL STRENGTH Our long-term Net income attributed We have a solid balance sheet Solvency ratio † strategy and to common shareholders and a low debt ratio1 that (%) the success of ($Million) provides us with great financial recent profitability flexibility. Our capital position 830
Slide 11: Shaping the iA Ecosystem of the Future
SHAPING THE iA ECOSYSTEM OF THE FUTURE Growth Digital initiatives to contribute Continuity of digital strategy goes beyond IT: to 1%+ of annual core EPS growth An integrated approach based on our four strategic axes Deepening a 360 client view Client — Provide a high-level client/advisor experience
Slide 12: Credit Ratings
CREDIT RATINGS The company and its subsidiaries receive credit ratings from three independent rating agencies: Standard & Poor’s, DBRS and A.M. Best. These ratings, presented in the table below, confirm the financial strength of the company and its subsidiaries and their ability to meet their commit
Slide 13: ESG Ambition
ESG AMBITION ENVI Reduction of our GHG emissions RON To contribute to sustainable growth and wellbeing for our clients, MENT by 20% per employee by 2025 employees, partners, investors and communities Now and in the future, achieve increased gender equity SO of between 40% and 60% CIAL in iA Financia
Slide 14: ESG - A Cohesive, Mobilizing Vision
ESG − A COHESIVE, MOBILIZING VISION — Carbon neutral since the beginning of 2020 — Focused on initiatives aimed at reducing our GHG emissions ENVI RON — $80.5 million of new investments in renewable energy in 2020 MENT — Majority of our 40+ properties in Canada are BOMA BEST or LEED certified — Part
Slide 15: Contacts
CONTACTS CUSTOMER SERVICE PUBLIC RELATIONS INVESTOR RELATIONS 418-684-5000 or 1-800-463-6236 418-684-5000, ext. 101660 418-684-5000, ext. 105862 infolife@ia.ca public.relations@ia.ca investors@ia.ca For information on our earnings releases, conference calls and related disclosure documents, consult
Slide 16: Non-IFRS and Additional Financial Measures
NON-IFRS AND ADDITIONAL FINANCIAL MEASURES iA Financial Corporation and iA Insurance report their financial results and statements in accordance with International Financial Reporting Standards (“IFRS”). They also publish certain financial measures or ratios that are not based on IFRS (“non-IFRS”).
Slide 17: Non-IFRS and Additional Financial Measures (Continued)
NON-IFRS AND ADDITIONAL FINANCIAL MEASURES (CONTINUED) Non-IFRS measures published by iA Financial Corporation are: Return on common shareholders’ equity (ROE): — Category under Regulation 52-112: Supplementary financial measure. — Definition: A ratio, expressed as a percentage, obtained by dividing
Slide 18: Non-IFRS and Additional Financial Measures (Continued)
NON-IFRS AND ADDITIONAL FINANCIAL MEASURES (CONTINUED) — Purpose: The core earnings definition provides a supplementary measure to understand the underlying operating business performance compared to IFRS net earnings. Also, core earnings helps in explaining results from period to period by excludin
Slide 19: Non-IFRS and Additional Financial Measures (Continued)
NON-IFRS AND ADDITIONAL FINANCIAL MEASURES (CONTINUED) – Experience gains or losses, which represent the difference between reported income and the income that would have been reported if all assumptions made at the start of the period had materialized. – Impact of new business, or strain, which rep
Slide 20: Non-IFRS and Additional Financial Measures (Continued)
NON-IFRS AND ADDITIONAL FINANCIAL MEASURES (CONTINUED) Car loan measure – Average credit loss rate on car loans: — Category under Regulation 52-112: Non-IFRS ratio. — Definition: Represents the total credit losses divided by the average finance receivables over the same period. — Purpose: Used to as
Slide 21: Non-IFRS and Additional Financial Measures (Continued)
NON-IFRS AND ADDITIONAL FINANCIAL MEASURES (CONTINUED) Potential capital deployment: — Category under Regulation 52-112: Supplementary financial measure. — Definition: Amount of capital the Company can deploy for a transaction, taking into account all limits and constraints of the regulatory capital
Slide 22: Non-IFRS and Additional Financial Measures (Continued)
NON-IFRS AND ADDITIONAL FINANCIAL MEASURES (CONTINUED) Financial leverage measure – Coverage ratio: — Category under Regulation 52-112: Non-IFRS ratio. — Definition: Calculated by dividing earnings for the past twelve months (before interest and taxes) by the sum of interest, preferred shares issued
Slide 23: Non-IFRS and Additional Financial Measures (Continued)
NON-IFRS AND ADDITIONAL FINANCIAL MEASURES (CONTINUED) Assets under management (AUM): — Category under Regulation 52-112: Non-IFRS financial measures that constitute historical information. — Definition: All assets with respect to which the Company establishes a contract with a client and makes inve
Slide 24: Non-IFRS and Additional Financial Measures (Continued)
NON-IFRS AND ADDITIONAL FINANCIAL MEASURES (CONTINUED) – Group Insurance Special Markets sales are defined as fund entries on both in-force contracts and new business written during the period. – Group Insurance Dealer Services P&C sales are defined as direct written premiums (before reinsurance). –
Slide 25: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This document may contain statements relating to strategies used by iA Financial Group or statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may”, “will”, “could”, “should”, “would”, “suspect”,
Slide 26: Forward-Looking Statements (Continued)
FORWARD-LOOKING STATEMENTS (CONTINUED) Potential impacts of the COVID-19 pandemic – Since March 2020, the COVID-19 pandemic has had major, unprecedented implications for both society and the economy. The overall impact of the COVID-19 pandemic is still uncertain and depends on many factors, such as
Slide 27: SRM158-40A(22-04) ACC
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