iA Financial (IAG) CIBC Eastern Institutional Investor Conference summary

Leadership and performance

• CEO tenure of eight years marked by 13% core EPS CAGR to 2025, 8% book value per share growth, and ROE expansion from 12% to 17.5%.

• Share price increased from CAD 49.75 to over CAD 210 during current leadership.

• Ongoing commitment to a 'rolling five years' leadership outlook.

Capital deployment and financial strategy

• Excess capital of CAD 1.1 billion with annual generation of CAD 700 million provides flexibility for buybacks or acquisitions.

• Confident in sustaining 17%+ ROE and 10%+ EPS growth, supported by disciplined Canadian market and strong operations.

• Book value growth, including dividends, has averaged 11%, seen as the key long-term metric.

Earnings quality and IFRS 17 impact

• Core earnings since IFRS 17 implementation have been 85% of reported earnings, with mark-to-market assets at 99%.

• Underlying assumptions for core earnings considered credible and robust compared to peers.