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IGM Financial is one of Canada’s premier personal financial services companies, and one of the country’s largest managers and distributors of mutual funds and other managed asset products.

The company serves the financial needs of Canadians through multiple distinct businesses, including IG Wealth Management, Mackenzie Investments and Investment Planning Counsel.

IGM Financial Website

Latest reports
2019 Annual Report
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3rd Quarter Report 2019
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By the numbers

Subsidiaries

IG Wealth Management

IG Wealth Management

IG Wealth Management is a leading provider of comprehensive, personal financial planning and wealth management through its network of Consultants to over one million individuals, families and business owners in Canada.

Mackenzie Investments

Mackenzie Investments

Mackenzie Investments is a diversified asset management solutions provider with 14 distinct boutique investment managers providing 86 different investment mandates to over 30,000 external advisors serving more than one million clients, including retail and institutional investors.

Investment Planning Counsel

Investment Planning Counsel

Investment Planning Counsel is an integrated financial services company focused on providing Canadians with high-quality financial products, services and advice through its network of approximately 750 independent financial advisors.


Financial Highlights

 

 

For the three months ended

For the years ended

(In millions of Canadian dollars, except per share amounts or as otherwise noted)
(unaudited)

Dec. 31
2019

Sept. 30
2019

Dec. 31
2018

Dec. 31
2019

Dec. 31
2018(1)

Financial highlights

         

Revenues

823.5 816.1 791.5 3,232.6

3,249.1

Earnings available to common shareholders

         

Net earnings

191.6 202.5 179.9 746.7

767.3

Adjusted net earnings(2)

200.8 202.5 179.9 763.9

791.8

Diluted earnings per share

         

Net earnings

0.80 0.85 0.75 3.12

3.18

Adjusted net earnings(2)

0.84 0.85 0.75 3.19

3.29

Return on average equity

       

 

Net earnings

16.9% 16.8% 17.7% 16.9%

17.7%

Adjusted net earnings(2)

17.2% 17.0% 18.2% 17.2%

18.2%

Dividends per share

0.5625 0.5625 0.5625 2.2500

2.2500

Average daily investment fund assets (in billions)

159.5 156.8 147.0 155.5

150.5

Total assets under management (in billions)

166.8 162.5 149.1 166.8

149.1

(1) As of January 1, 2018, IGM Financial adopted IFRS 9, Financial Instruments, and IFRS 15, Revenue from Contracts with Customers. Refer to IGM Financial’s most recent consolidated financial statements and Management’s Discussion and Analysis for the impacts of the adoption of these standards.
(2) Adjusted net earnings and adjusted net earnings per share are non-IFRS financial measures. Refer to IGM Financial’s most recent and annual Management’s Discussion and Analysis for the definition of non-IFRS financial measures and their reconciliation with IFRS financial measures.

For the years ended December 31 [in millions of Canadian dollars, except as otherwise noted]
(unaudited)

2019

2018(1)

2017

2016

2015

Consolidated Statements of Earnings

         
Revenues          

Fee income

3,050.4

3,037.2 3,005.7 2,856.9

2,836.1

Net investment income and other

199.4

211.9 167.3 187.8

195.2

 

3,249.8

3,249.1 3,173.0 3,044.7

3,031.3

Expenses

2,264.0

2,229.6 2,224.4 2,097.8

2,006.6

 

985.8

1,019.5 948.6 946.9

1,024.7

Other items (before tax)          

Proportionate share of associate's one-time charges

(17.2)

- (14.0) - -

Premium paid on early redemption of debentures

- (10.7) - - -

Restructuring and other

-

(22.7) (195.3) -

(33.9)

Pension plan 

-

- 50.4 - -

Proportionate share of associate’s provision

-

- (5.1) - -

Earnings before income taxes

968.6

986.1 784.6 946.9

990.8

Income taxes

219.7

210.0 173.9 167.6

210.3

Net earnings

748.9

776.1 610.7 779.3

780.5

Perpetual preferred share dividends

2.2

8.8

8.8

8.8

8.8

Net earnings available to common shareholders

746.7

767.3 601.9 770.5

771.7

Adjusted net earnings available to common shareholders(2)

763.9

791.8 727.8 736.5

796.0

Other items          

Proportionate share of associate’s one-time charges

(17.2)

- (14.0) - -

Premium paid on early redemption of debentures, net of tax

- (7.8) - - -

Restructuring and other, net of tax

-

(16.7) (143.6) -

(24.3)

Pension plan, net of tax

-

- 36.8 - -

Proportionate share of associate’s provision 

-

- (5.1) - -

Reduction in income tax estimates related to certain tax filings

-

- - 34.0 -

Net earnings available to common shareholders

746.7

767.3 601.9 770.5

771.7

Diluted earnings per share

         

Net earnings available to common shareholders

3.12

3.18 2.50 3.19

3.11

Adjusted net earnings available to common shareholders(2)

3.19

3.29 3.02 3.05

3.21

Dividends per common share

2.25

2.25

2.25 2.25

2.25

Average daily investment fund assets

155,532

150,502 143,735 130,201

129,643

Total assets under management

166,808

149,066 156,513 142,688

134,398

Outstanding common shares (in thousands)

238,294

240,885 240,666 240,516

244,788

Return on average common equity (ROE) (%)

         

Net earnings

16.9

17.7 12.9 17.1

16.9

Adjusted net earnings(2)

17.2

18.2

15.6

16.3

17.4

(1) As of January 1, 2018, IGM Financial adopted IFRS 9, Financial Instruments, and IFRS 15, Revenue from Contracts with Customers. IGM Financial elected not to restate its comparative information for the effect of applying these new standards. Refer to IGM Financial’s most recent consolidated financial statements and Management’s Discussion and Analysis for the impacts of the adoption of these standards.
(2) Non-IFRS financial measures. Refer to IGM Financial’s most recent Management’s Discussion and Analysis for the definition of non-IFRS financial measures and their reconciliation with IFRS financial measures.


 

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