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The latest update is out from iA Financial Corporation Inc ( (TSE:IAG) ).
iA Financial Group reported strong financial results for the fourth quarter and full year of 2024, achieving all its market guidance targets. The company posted a 30% year-over-year increase in core earnings per share for the fourth quarter, driven by robust sales momentum and business diversification. The company recorded over $5.7 billion in premiums and deposits, while its solvency ratio stood at a strong 139%. Additionally, iA Financial Group acquired Global Warranty, enhancing its presence in the used vehicle warranty market in Canada. This performance underscores the company’s solid foundation, prudent financial management, and commitment to creating shareholder value, positioning it well for further growth in the coming years.
More about iA Financial Corporation Inc
iA Financial Corporation Inc, operating under the brand iA Financial Group, is a prominent player in the financial services industry, primarily offering insurance and wealth management services. The company focuses on providing a range of financial products and services to individuals and businesses in Canada and has a growing presence in the used vehicle warranty market.
YTD Price Performance: -0.94%
Average Trading Volume: 328,604
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$12.16B
Learn more about IAG stock on TipRanks’ Stock Analysis page.
