iA Financial Corporation Inc (IAG1N) Q3 2026 Earnings Report

The call was strongly positive overall. The company reported broad-based revenue and earnings growth, strong wealth-management momentum, robust capital generation, progress toward or achievement of financial targets, acquisition accretion and increased shareholder returns. The main challenges were emerging U.S. lapse and business-quality pressure, slower U.S. Dealer Services pipeline development, investment-segment year-over-year earnings pressure and some higher corporate expenses, but management described the U.S. outlook as positive and the year-end assumption outlook as neutral to slightly positive.

Management reaffirmed its midterm objective of core EPS growth of 10% or more on an annual average basis, a 2026 core ROE target of 17% or more, 2026 organic capital generation of more than $700 million, and a core dividend payout ratio target range of 25% to 35%; corporate core other expenses are targeted at $70 million, plus or minus $5 million, quarterly. In the U.S., management said it probably will not see the 20% growth seen as of late but is very comfortable with 10% growth, while the outlook remains very positive; RF Capital remains on track to deliver core EPS accretion of at least $0.15 per share in 2026, seg. fund savings growth was indicated at 8% to 10%, and year-end assumption changes are expected to be neutral to slightly positive overall.