EarningsQ2 2026 Earnings Report
MX:IAG1N Q2 2026 EPS Results
Actual EPS$49.47
Consensus EPS$45.80
Beat/MissBeat by +$3.67
One Year Ago EPS$46.91
MX:IAG1N Q2 2026 Revenue Results
Actual Revenue$62.59B
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+78.73%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:IAG1N Upcoming Earnings
iA Financial Corporation Inc's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicates a broadly positive performance: strong earnings, ROE in line with targets, robust capital position, substantial business growth (notably in Wealth Management), and continued shareholder returns. Most negative items are localized (U.S. Dealer Services underperformance, a specific mortality loss at Fidelity Life, Investment segment headwinds, and some mutual fund outflows) and management outlined remedial actions and a path to improvement. Capital constraints driven by reserve accounting are a near-term limitation but solvency remains strong. Overall, the highlights substantially outweigh the lowlights.Company Guidance
Strong Earnings and EPS Growth
Core EPS of $3.68, up 5% year-over-year; reported EPS of $4.28, up 25% year-over-year. Quarterly core earnings were $330 million and net income was $384 million, supported by favorable market-related impacts.
Return on Equity and Profitability Targets Met
Trailing 12-month core ROE reached 17.5%, meeting the 2026 target (>=17%). Quarterly annualized core ROE was 18.5%.
Material Business Growth in Premiums, Deposits and Assets
Net premiums, premium equivalents and deposits totaled $6.3 billion, up 25% year-over-year. Assets under management and administration grew 37% over the last 12 months; Wealth Management AUM increased 15% year-over-year.
Wealth Management Momentum
Wealth gross sales reached $4.3 billion; combined net inflows for segregated and mutual funds were $934 million. Individual segregated fund gross sales rose 52% year-over-year to over $2 billion; mutual fund gross sales rose 46% to $644 million (despite net outflows). Wealth Management core earnings increased 37% year-over-year to $155 million; RF Capital contributed $13 million.
Capital Generation and Financial Strength
Solvency ratio of 137% (up 3 percentage points sequentially) with $1.1 billion of capital available for deployment. Generated $335 million of organic capital year-to-date and $180 million (reported as $188M then corrected) in the quarter; on track toward >$700 million objective for 2026.
Shareholder Returns and Book Value Growth
Deployed $347 million through the share buyback program during the quarter in addition to regular dividends. Book value per common share reached $80.55, up 6% over the last 12 months. Core dividend payout ratio ~30%, within target range.
Insurance Canada Stability and Underwriting Discipline
Insurance Canada core earnings of $128 million. Individual Insurance sales of $102 million (comparable to prior year). Favorable experience contributed $19 million pretax this quarter, reflecting disciplined underwriting and risk management.
U.S. Individual Insurance Record Sales
U.S. Individual Insurance sales reached a quarterly record of USD 86 million, up 10% year-over-year, driven by final expense and middle market growth.
Investment Segment Performance and Positive Market Impact
Core net investment result of $129 million (expected earnings $119M plus favorable credit experience $10M). The quarter benefited from a positive macroeconomic impact and strong public equity performance, contributing to a positive core earnings adjustment of $104 million.
Disciplined Expense Management
Core corporate expenses totaled $74 million before taxes, near the low end of the quarterly target range; continued investment in strategic priorities while controlling operating costs.
MX:IAG1N Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed