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Last C$44.05 CAD
Change Today +0.79 / 1.83%
Volume 521.2K
IAG On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:00 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

industrial alliance insuranc (IAG) Snapshot

Open
C$43.49
Previous Close
C$43.26
Day High
C$44.71
Day Low
C$43.49
52 Week High
09/18/14 - C$49.14
52 Week Low
07/27/15 - C$38.30
Market Cap
4.5B
Average Volume 10 Days
322.6K
EPS TTM
C$4.45
Shares Outstanding
101.5M
EX-Date
08/19/15
P/E TM
9.9x
Dividend
C$1.20
Dividend Yield
2.50%
Current Stock Chart for INDUSTRIAL ALLIANCE INSURANC (IAG)

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industrial alliance insuranc (IAG) Details

Industrial Alliance Insurance and Financial Services Inc., doing business as, iA Financial Group, primarily provides various life and health insurance products in Canada. It operates through 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, including life, car, home, mortgage, critical illness, disability, personal accident, and other group insurance coverages, as well as specialized insurance products and solutions; and residential mortgage loans, registered retirement savings plan (RRSP) loans, registered education savings plan (RESP) loans, and other loans. It also provides savings and retirement products, such as RRSP products, tax-free savings accounts, locked-in retirement accounts, voluntary retirement savings plans, and non-registered savings plans; registered retirement income funds, life income funds, and annuities; RESP products for children’s education; segregated funds; and various financial products. In addition, the company offers group insurance products and services, including medical and paramedical care, homecare, vision and dental care, life, accidental death and dismemberment, short and long-term disability, travel, term life and critical illness, and employee assistance program insurance products; services for members and administrators; special market solutions; group retirement plans; and dealer services for various insurance products, as well as leases office space. Further, it provides advisory and brokerage services for individual and group insurance, individual savings, lawyer or notary, and automobile and recreational dealer; and advisory services for group retirement plans and securities, as well as acts as a broker for special risk insurance products, mortgage, and real estate. 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 and Direct...
Total Annual Compensation: C$786.6K
Chief Financial Officer, Chief Actuary, Head ...
Total Annual Compensation: C$317.0K
Executive Vice-President and Assistant To The...
Total Annual Compensation: C$533.1K
Chief Investment Officer and Executive Vice-P...
Total Annual Compensation: C$508.4K
Head of Group Insurance Dealer Services & IA ...
Total Annual Compensation: C$337.0K
Compensation as of Fiscal Year 2014.

industrial alliance insuranc (IAG) Key Developments

Industrial Alliance Insurance and Financial Services Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2015 ; Provides Earnings Guidance for the Year 2015

Industrial Alliance Insurance and Financial Services Inc. reported earnings results for the second quarter ended June 30, 2015. For the second quarter ended June 30, 2015, Industrial Alliance reports net income attributed to common shareholders of $142.2 million, an increase of 25% over the previous year. Diluted earnings per share of $1.40 compare with $1.13 in the same quarter a year ago. The annualized shareholders' return on equity was 15.8% versus 14.2% a year earlier, well above the guidance of 11.0% to 12.5% provided by management to the financial markets for 2015. For the year 2015, the company expected earnings per common share to be in the range of $3.80 to $4.20. Return on common shareholders' equity (ROE) target range of 11.0% to 12.5%. Effective tax rate target range of 18% to 20%. Strain on new business: 30% ±5% of sales. Guidance for ROE and earnings per common share excludes any potential reserve strengthening in 2015.

iA Financial Group Announces New Responsibilities Among Senior Management Team

iA Financial Group announced the following changes to the senior management team. Renée Laflamme, CPA, CA, CFA, becomes executive vice-president responsible for group insurance employee plans and special markets solutions, as well as retaining her current role as head of group savings and retirement. In her new capacity, she also joins the company's planning committee. Renée has been with company for seventeen years during which she held assignments in mortgage loans and in investments. Before company, she was employed for 10 years as an auditor with a leading accounting firm. René Chabot, FSA, FCIA, who is executive vice-president, CFO and chief actuary, takes on additional responsibilities as head of Information Technology and Legal Services. René, who has been with iA for 32 years, has held a number of positions including 10 years as head of group savings and retirement as well as marketing for personal financial services. René is a member of the company's planning committee. Denis Ricard, FSA, FCIA, in his role as executive vice-president, assumes responsibility for Individual Insurance and Annuities, as well as retaining his position as head of Group Insurance Dealer Services and IA Trust. Employed with company for 30 years, Denis has held a number of assignments including president of the Excellence Life Insurance subsidiary, chief actuary and CFO and marketing for personal financial services. Denis is a member of the company's planning committee. The company' planning committee includes Yvon Charest, president and chief executive officer; Normand Pépin, executive vice-president and assistant to the president; Michel Tremblay, executive vice-president and chief investment officer; Mike Stickney, president, IA American Life Insurance Company; and Carl Mustos, president, iA Clarington; in addition to the individuals named above.

Industrial Alliance Insurance and Financial Services Inc. Declares Quarterly Dividend, Payable on September 15, 2015

The board of directors of Industrial Alliance Insurance and Financial Services Inc. increased the quarterly dividend by 7% to 30 cents per share on the company's outstanding common shares. This dividend is payable on September 15, 2015 to shareholders of record at August 21, 2015.

 

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Industry Analysis

IAG

Industry Average

Valuation IAG Industry Range
Price/Earnings 10.1x
Price/Sales 0.4x
Price/Book 1.2x
Price/Cash Flow 9.4x
TEV/Sales NM Not Meaningful
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