Last C$40.50 CAD
Change Today -0.33 / -0.81%
Volume 392.7K
IAG On Other Exchanges
Symbol
Exchange
Toronto
OTC US
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As of 4:00 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

industrial alliance insuranc (IAG) Snapshot

Open
C$41.26
Previous Close
C$40.83
Day High
C$41.27
Day Low
C$40.36
52 Week High
07/31/14 - C$49.35
52 Week Low
01/16/15 - C$40.01
Market Cap
4.1B
Average Volume 10 Days
315.2K
EPS TTM
C$3.88
Shares Outstanding
100.4M
EX-Date
11/19/14
P/E TM
10.4x
Dividend
C$1.12
Dividend Yield
2.62%
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.

4,526 Employees
Last Reported Date: 02/13/14
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. Launches WebRx

Industrial Alliance Insurance and Financial Services, Inc. introduced a powerful and straightforward drug cost management tool to its group insurance clients: WebRx. This new tool, available on the company's secure website and the company's mobile application, informs plan members if they are covered for a prescribed medication and estimates their reimbursement amount based on their benefit plan. WebRx will help eliminate waste from the drug purchasing process by giving plan members tips to make informed choices such as opting for a generic version, if available, instead of a brand name drug.

Industrial Alliance Insurance and Financial Services Launches FORLIFE Series

Industrial Alliance Insurance and Financial Services announced the addition of the FORLIFE Series to its individual savings and retirement plan (IAG SRP). This new lifetime guaranteed income solution meets the needs of clients looking to grow their retirement savings through market investments in order to build up a stable, guaranteed lifetime retirement income. The FORLIFE Series also meets the needs of clients seeking a lifetime guaranteed income right away. The FORLIFE Series includes two stages to help clients build their retirement income: Savings Stage, clients of all ages can take full advantage of market return potential and invest in a complete range of 46 funds, including a number of 100% equity funds. In addition, after 10 years, they will benefit from a contractual guarantee that ensures them a minimum amount of retirement income. This minimum income varies based on the age clients begin receiving income and is equal to 5% of their deposits if withdrawals begin at age 65. The Income Stage allows clients age 50 and older to receive a lifetime guaranteed income. Their income can also increase over time automatic income resets carried out every three years. In addition to receiving a guaranteed income for life, clients have full access to the market value of their investments. Two funds are offered to clients for their lifetime guaranteed income. The income rates on each fund are determined based on age, sex and interest rate levels: The Guaranteed Maximum Income Fund is a 100% fixed income fund designed to maximize income. The Guaranteed Income & Growth Fund is made up of 70% fixed income and 30% equity, and is designed to maximize capital preservation and potential for income growth.

Industrial Alliance Insurance and Financial Services, Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

Industrial Alliance Insurance and Financial Services, Inc. announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income attributable to holders of $98.5 million against $114.4 million a year ago. Net income attributed to common shareholders was $91.5 million against $105.8 million a year ago. Earnings per diluted common share were $0.91 against $1.07 a year ago, because of unusually high mortality and market gains. Return on common shareholders equity was 11.2% against 14.9% a year ago, because of unusually high mortality and market gains. On an adjusted basis, after excluding the one-time item in the U.S., the earnings were $0.93 per share, in line with the consensus estimate. For the nine months, the company reported net income attributable to holders of $309.2 million against $284.7 million a year ago. Net income attributed to common shareholders was $288.0 million against $258.8 million a year ago. Earnings per diluted common share were $2.86 against $2.66 a year ago. Return on common shareholders equity was 12.1% against 12.3% a year ago. Book value per share was $33.00. The company provided earnings guidance for the year 2014. For the year, the company expects earnings per common share are to be in the target range of $3.40 to $3.80. Return on common shareholders equity is to be in the target range of 11.0% to 12.5%. Effective tax rate is to be in the target range of 18% to 22%. Guidance for ROE and earnings per common share excludes any potential reserve strengthening in 2014. The company took the decision from the quarter to adjust expected profit to reflect recent experience in Group Insurance Employee Plans. The impact is $0.03 per share in each of the third quarter and fourth quarter of 2014 and $0.10 per share in 2015.

 

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Industry Analysis

IAG

Industry Average

Valuation IAG Industry Range
Price/Earnings 9.8x
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow 9.1x
TEV/Sales 0.0x
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