The information included below is as disclosed by IGM Financial. Refer to its Management’s Discussion and Analysis for the interim financial periods ended September 30, 2022 and June 30, 2022, located under its profile on SEDAR at www.sedar.com or on its website at www.igmfinancial.com for more information.
| |
For the three months ended
|
For the nine months ended
|
|
(In millions of Canadian dollars, except per share amounts or as otherwise noted)
(unaudited)
|
Sept. 30
2022
|
June 30
2022
|
Sept. 30
2021
|
Sept. 30
2022
|
Sept. 30
2021
|
|
Net earnings available to common shareholders
|
216.1 |
207.1 |
270.8 |
642.5 |
710.4 |
|
Diluted net earnings per share
|
0.91 |
0.87 |
1.13 |
2.68 |
2.97 |
|
Return on average equity - Net earnings(1)
|
13.8% |
13.6% |
16.3% |
13.8% |
16.3% |
|
Dividends per share
|
0.5625 |
0.5625 |
0.5625 |
1.6875 |
1.6875 |
|
Total assets under management and advisement (in billions)(2)(3)
|
238.1 |
242.1 |
265.2 |
238.1 |
265.2 |
|
Total assets under management (in billions)(2)(3)
|
208.7 |
213.1 |
236.2 |
208.7 |
236.2 |
| Total net flows(4) |
(342) |
(527) |
2,248 |
1,597 |
7,467 |
(1) Return on average equity is calculated on a year-to-date basis.
(2) Consolidated results eliminate double counting where business is reflected within multiple segments.
(3) For an explanation of the composition of these measures, refer to the “Non-IFRS Financial Measures and Other Financial Measures” section of IGM’s Management’s Discussion and Analysis for the interim financial periods ended September 30, 2022 and June 30, 2022, located under IGM’s profile on SEDAR at www.sedar.com, which explanation is incorporated herein by reference.
(4) Net flows are based on assets under management and advisement excluding sub-advisory assets to Canada Life and to Wealth Management Segment.
The information included below is as disclosed by IGM Financial. Refer to its Management's Discussion and Analysis for the financial year ended December 31, 2021, located under its profile on SEDAR at www.sedar.com or on its website at www.igmfinancial.com for more information.
|
As at for the years ended December 31 [in millions of Canadian dollars, except as otherwise noted]
(unaudited)
|
2021
|
2020
|
2019
|
|
Consolidated statements of earnings
|
|
|
|
| Revenues |
|
|
|
|
Wealth management
|
2,553.6
|
2,259.6
|
2,299.0
|
|
Net asset management
|
675.5
|
529.8
|
515.3
|
|
Net investment income and other
|
11.9
|
11.0 |
24.8
|
|
Proportionate share of associates' earnings
|
196.4
|
147.0 |
122.4
|
|
|
3,437.4
|
2,947.4
|
2,961.5
|
|
Expenses
|
2,180.3
|
1,973.4
|
1,975.7
|
| |
1,257.1
|
974.0
|
985.8
|
| Gain on sale of Personal Capital |
10.6
|
37.2 |
- |
| Gain on sale of Quadrus Group of Funds net of acquisition costs |
-
|
25.2 |
- |
| Proportionate share of associate's adjustments |
-
|
3.4 |
- |
| Restructuring and other |
-
|
(74.5) |
-
|
| Proportionate share of associate's one-time charges |
- |
- |
(17.2)
|
|
Earnings before income taxes
|
1,267.7
|
965.3
|
968.6
|
|
Income taxes
|
286.8
|
200.7
|
219.7
|
|
Net earnings
|
980.9
|
764.6
|
748.9
|
|
Non-controlling interest
|
(2.0)
|
(0.2)
|
-
|
|
Perpetual preferred share dividends
|
- |
-
|
(2.2)
|
|
Net earnings available to common shareholders
|
978.9
|
764.4
|
746.7
|
|
Adjusted net earnings available to common shareholders(1)
|
971.2
|
762.9
|
763.9
|
|
Earnings per share
|
|
|
|
|
Net earnings available to common shareholders
|
|
|
|
|
Basic
|
4.10
|
3.21
|
3.12
|
|
Diluted
|
4.08
|
3.21
|
3.12
|
|
Adjusted net earnings available to common shareholders(2)
|
|
|
|
|
Basic(2)
|
4.07
|
3.20
|
3.19
|
|
Diluted(2)
|
4.05
|
3.20
|
3.19
|
|
Dividends per common share
|
2.25
|
2.25
|
2.25
|
|
Average assets under management and advisement (in billions)
|
|
|
|
|
Investment fund assets under management
|
173.4
|
161.7 |
155.5
|
|
Total assets under management
|
231.4
|
168.5 |
161.1
|
|
Total assets under management and advisement(3)
|
259.7
|
191.2 |
183.5
|
|
Ending assets under management and advisement (in billions)(4)
|
|
|
|
|
Investment fund assets under management(4)
|
184.5
|
159.5 |
161.8
|
|
Total assets under management(4)
|
245.3
|
214.0 |
166.8
|
|
Total assets under management and advisement(3)(4)
|
277.1
|
240.0 |
190.0
|
|
Total corporate assets
|
17,661
|
16,062
|
15,391
|
|
Total long-term debt
|
2,100
|
2,100
|
2,100
|
|
Outstanding common shares (in thousands)
|
239,679
|
238,308
|
238,294
|
|
Average outstanding shares — Diluted (in thousands)
|
240,019
|
238,307
|
239,181
|
(1) This measure is a non-IFRS financial measure identified by IGM. Non-IFRS financial measures do not have a standard meaning and may not be comparable to similar measures used by other entities. For a definition, further explanations of uses and a reconciliation of such a non-IFRS financial measure to a measure prescribed by IFRS, refer to the “Non-IFRS Financial Measures and Additional IFRS Measures” section of IGM’s Management’s Discussion and Analysis for the financial year ended December 31, 2021, located under IGM’s profile on SEDAR at www.sedar.com, which definition, explanations and reconciliation are incorporated herein by reference.
(2) This measure is a non-IFRS financial ratio identified by IGM. Non-IFRS financial ratios do not have a standard meaning and may not be comparable to similar measures used by other entities. For a definition, further explanations of uses and a reconciliation of such a non-IFRS financial measure to a measure prescribed by IFRS, refer to the “Non-IFRS Financial Measures and Additional IFRS Measures” section of IGM’s Management’s Discussion and Analysis for the financial year ended December 31, 2021, located under IGM’s profile on SEDAR at www.sedar.com, which definition, explanations and reconciliation are incorporated herein by reference.
(3) Consolidated results eliminate double counting where business is reflected within multiple segments.
(4) For an explanation of the composition of these measures, refer to the “Reportable segments” section of IGM's Management's Discussion and Analysis for the financial year ended December 31, 2021, located under IGM's profile on SEDAR at www.sedar.com, which explanation is incorporated herein by reference.
