IA Financial Group reported net income attributed to partners in the amount of USD 226 million for the last quarter of 2024, which is a 12% decrease of USD 256 million in the same quarter of 2023.
The basic profit per ordinary share was USD 3.04, which is an increase of 30% of USD 2.34 a year earlier.
Emphasizing profits in the quarter amounted to $ 287 million, which is an increase of 22% of $ 236 million in the fourth quarter of 2023.
As at December 31, 2024, the company had $ 259 billion in managing and administration assets, compared to USD 218.9 billion in the previous year. The increase in 18% resulted primarily from the strong savings of the group and retirement sales with insured Renami and the increase in business in the US, which raised net contributions, premium equivalents and deposits.
Canadian profits from Canadian IA insurance amounted to USD 116 million in the last quarter of 2024, compared to USD 78 million in the fourth quarter of 2023. The company assigned this to lower claims of car and home insurance, strong sales and good service and distribution of dealers.
In Canada, IA reported individual insurance sales in the amount of USD 102 million per quarter, which is an increase of 7% compared to the quarter of 2023. The insurer claimed that it ranks first for the number of policies issued in this country.
The sale of the Canadian Group insurance amounted to USD 11 million, compared to USD 6 million in the same quarter of 2023 and USD 18 million in 2022. Neto group bonuses, equivalent contributions and deposits increased by 8% year on year to reach USD 423 million, mainly due to good sales, high sales, high retention rates and increasing contributions.
Insured sales of pensions dropped to USD 434 million in the last quarter of 2024, from USD 702 million a year earlier, because the positive results of financial markets meant that customers were conducive to more risky investments in guaranteed investments.
The segregated gross sales amounted to $ 1.6 billion, the new quarterly record of the IO 84% company compared to the same quarter a year earlier. Ia said that distribution networks were a key driving force.
Group savings and retirement sales in the fourth quarter amounted to over USD 1.8 billion, compared to USD 0.6 billion a year earlier. It was above all a greater insurance sales of over 0.9 billion dollars and 39% year -on -year increase in sales of accumulation products.
