We use cookies on this site to enhance your user experience and to remember your preferences. By continuing to browse our website, you are agreeing to our use of cookies. To find out more about these cookies, click here.
IGM Financial is a leading wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors throughout North America, Europe and Asia. Through its operating companies, IGM provides a broad range of financial planning and investment management services to help Canadians meet their financial goals at every stage of their lives.
The company creates value for shareholders through three key areas:
• Wealth Management
• Asset Management
• Strategic Investment
IG Wealth Management is a national leader in providing personalized financial solutions delivered through long-term client and advisor relationships to approximately one million individuals, families and business owners in Canada.
Mackenzie Investments is an investment management firm providing services through multiple product offerings utilizing proprietary investment research and experienced investment professionals. Mackenzie Investments distributes its products and services primarily through multiple distribution channels to both retail and institutional investors.
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 730 independent financial advisors.
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) |
Sept. 30 |
June 30 |
Sept. 30 |
Sept. 30 |
Sept. 30 |
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] |
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.