{"id":1328,"date":"2024-02-26T01:05:57","date_gmt":"2024-02-26T01:05:57","guid":{"rendered":"https:\/\/financeify.ca\/?p=1328"},"modified":"2024-02-26T01:05:57","modified_gmt":"2024-02-26T01:05:57","slug":"ia-financial-announces-strong-second-quarter-results","status":"publish","type":"post","link":"https:\/\/financeify.ca\/index.php\/2024\/02\/26\/ia-financial-announces-strong-second-quarter-results\/","title":{"rendered":"iA Financial announces strong second quarter results"},"content":{"rendered":"

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Quebec City-based iA Financial Group posted strong profits in the second quarter.<\/p>\n

On Thursday, the company reported net income attributable to common shareholders of $231 million for the quarter ended June 30 – up from $183 million in the second quarter of 2020.<\/p>\n

Total individual insurance sales were $73 million, up 38% from the prior year. iA attributed the strong sales to its distribution networks and the “excellent performance” of its digital tools.<\/p>\n

A high level of sales was also recorded in the iA asset management department. Separated funds had net sales of $673 million, up from $417 million a year ago, and net inflows into mutual funds were $272 million, up from $50 million a year ago.<\/p>\n

iA said total assets under management and administration were $210.5 billion at the end of the second quarter, up from $181 billion a year earlier.<\/p>\n

\u201cOur second quarter was characterized by excellent profitability as we continued to deliver value to our shareholders, increasing our book value by 11% over the last twelve months,\u201d Denis Ricard, president and CEO of iA Financial Group, said in a statement.<\/p>\n

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Quebec City-based iA Financial Group posted strong profits in the second quarter. On Thursday, the company reported net income attributable to common shareholders of $231 million for the quarter ended June 30 – up from $183 million in the second quarter of 2020. Total individual insurance sales were $73 million, up 38% from the prior […]<\/p>\n","protected":false},"author":1,"featured_media":1329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[459,192,583,582,712],"class_list":{"0":"post-1328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-seg-fund-investments","8":"tag-announces","9":"tag-financial","10":"tag-quarter","11":"tag-results","12":"tag-strong"},"aioseo_notices":[],"yoast_head":"\niA Financial announces strong second quarter results - Financeify<\/title>\n<meta name=\"description\" content=\"Quebec City-based iA Financial Group posted strong profits in the second quarter. 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