Last C$41.66 CAD
Change Today -0.67 / -1.58%
Volume 341.0K
As of 2:30 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

industrial alliance insuranc (IAG) Snapshot

Open
C$42.35
Previous Close
C$42.33
Day High
C$42.52
Day Low
C$41.59
52 Week High
07/31/14 - C$49.35
52 Week Low
02/5/15 - C$38.56
Market Cap
4.2B
Average Volume 10 Days
327.1K
EPS TTM
C$3.98
Shares Outstanding
100.8M
EX-Date
02/25/15
P/E TM
10.5x
Dividend
C$1.12
Dividend Yield
2.59%
Current Stock Chart for INDUSTRIAL ALLIANCE INSURANC (IAG)

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industrial alliance insuranc (IAG) Details

Industrial Alliance Insurance and Financial Services Inc., a life and health insurance company, offer various life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgage loans, and other financial products and services primarily in Canada. The company operates in five segments: Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and Other Activities. The company offers various individual insurance products and services, such as life, critical illness, short and long-term disability, mortgage, and accidental death and dismemberment insurance; and individual wealth management products and services, including segregated funds, mutual funds, securities, life and fixed-term annuities, registered saving plans, and investment advice. It also provides group insurance products and services, such as life and health, accidental death and dismemberment, dental care, short and long-term disability, critical illness, and home care insurance, as well as out-of-Canada medical insurance; and dealer services, such as creditor insurance, as well as replacement insurance, extended warranties, and other ancillary products. In addition, the company offers special markets solutions, including accidental death and dismemberment, travel and health, and term life insurance, as well as other specialized insurance products for employers and associations. Further, it offers group savings and retirement products and services comprising defined contribution and defined benefit plans, institutional money management services, and insured annuities; and general insurance products, such as auto and home insurance. The company was founded in 1892 and is headquartered in Quebec City, Canada.

5,019 Employees
Last Reported Date: 02/12/15
Founded in 1892

industrial alliance insuranc (IAG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$765.2K
President of Western Canada Operations, Memb...
Total Annual Compensation: C$328.0K
Executive Vice President of Life Subsidiaries...
Total Annual Compensation: C$518.5K
Chief Investment Officer, Executive Vice-Pres...
Total Annual Compensation: C$494.6K
Chief Actuary, Senior Vice-President and Memb...
Total Annual Compensation: C$308.4K
Compensation as of Fiscal Year 2013.

industrial alliance insuranc (IAG) Key Developments

Industrial Alliance Insurance and Financial Services Inc. Closes Offering of $250 Million of 2.64% Fixed/Floating Subordinated Debentures

Industrial Alliance Insurance and Financial Services Inc. announced the closing of its previously announced offering of $250 million principal amount of 2.64% fixed/floating subordinated debentures due February 23, 2027. The Debentures will mature on February 23, 2027 and, for the period from February 23, 2015 to but excluding February 23, 2022, will bear interest at a fixed annual rate of 2.64%, payable semi-annually, and, for the period from February 23, 2022 to but excluding February 23, 2027, will bear interest at a variable annual rate equal to the 3-month bankers' acceptance rate (CDOR) plus 1.08%, payable quarterly. Subject to prior regulatory approval, Industrial Alliance may redeem the Debentures, in whole or in part, on or after February 23, 2022.

Industrial Alliance Insurance and Financial Services, Inc. Announces Final Quarterly Dividend on Series F Preferred Share, Payable on March 31, 2015

Industrial Alliance Insurance and Financial Services, Inc. announced final quarterly dividend of $0.36875 per Series F Preferred Share will be paid in the usual manner on March 31, 2015 to shareholders of record on February 27, 2015.

Industrial Alliance Announces Offering of $250 Million of Subordinated Debentures, Redemption of All Outstanding 5.90% Non-Cumulative Class A Preferred Shares Series F

Industrial Alliance Insurance and Financial Services Inc. announced that it intends to issue $250 million principal amount of fixed/floating subordinated debentures due February 23, 2027. Subject to prior regulatory approval, Industrial Alliance may redeem the Debentures, in whole or in part, on or after February 23, 2022. The Offering is being done on a best efforts agency basis by a syndicate of agents led by TD Securities Inc. as sole lead and bookrunner. The Offering is expected to close on or about February 23, 2015. The net proceeds will be added to the company's general funds and will be used for general corporate purposes including, subject to the prior approval of the Autorite des marches financiers, the redemption of Industrial Alliance's outstanding 5.90% Non-Cumulative Class A Preferred Shares Series F which Industrial Alliance currently intends to effect on March 31, 2015.

 

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IAG:CN C$41.66 CAD -0.67

IAG Competitors

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Cincinnati Financial Corp $52.70 USD +0.33
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Selective Insurance Group Inc $26.86 USD 0.00
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Industry Analysis

IAG

Industry Average

Valuation IAG Industry Range
Price/Earnings 10.0x
Price/Sales 0.4x
Price/Book 1.2x
Price/Cash Flow 9.2x
TEV/Sales 0.0x
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