- Core EPS performance: iA Financial reported a Core EPS of C$3.49, a significant increase from C$2.75 year-over-year, surpassing estimates of C$3.04.
- EPS growth: The company’s EPS rose to C$3.43 from C$2.12 year-over-year.
- Return on Equity (ROE): ROE improved to 14.7% from 11.1% year-over-year.
- Solvency ratio: Slight dip in the solvency ratio to 138% from 141% year-over-year.
- Dividend increase: Quarterly dividend increased by 10% to C$0.99 per share.
- Capital generation: Organic capital generation of $200 million, on track to meet or exceed the 2025 goal of $650+ million, indicating a strong capital position.
- Profitability and experience gains: Significant experience gains in various business units contributed to strong profitability, with a 27% increase in core EPS year-over-year and achieving a core ROE of 17.0%.
- Analyst ratings: The stock received 3 buy ratings, 4 hold ratings, and no sell ratings.
A look at Industrial Alliance Insurance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Industrial Alliance Insurance, also known as iA Financial Corporation Inc., shows a positive long-term outlook. The company scores well in value, indicating that it is considered undervalued compared to its intrinsic worth. Moreover, with mid-range scores in dividend, growth, resilience, and momentum, Industrial Alliance Insurance demonstrates a stable and promising position in the market.
iA Financial Corporation Inc. operates as an insurance and wealth management company in Canada. Offering a wide range of insurance services including life, car, home, and travel insurance, as well as various financial products such as retirement solutions and investment funds, the company aims to cater to the diverse needs of its customer base. With its solid Smart Scores across key factors, Industrial Alliance Insurance appears to be positioned for continued success in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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