INVESTED IN YOU.

FACT SHEET
2015 Q1
INVESTED IN YOU.
About Industrial Alliance
› Founded in 1892
› Listed on the TSX in 2000
› More than 4,000,000 clients
› More than 5,000 employees
Industrial Alliance Insurance and Financial Services Inc. is a life and health
insurance compagny operating in all regions of Canada, as well as in the
United States. Through a multi-channel distribution network of more than
25,000 representatives, it offers life and health insurance, savings and
retirement plans, mutual and segregated funds, auto and home insurance,
mortgage loans, creditor insurance and extended warranties.
› Credit ratings:
S&P:
A+ (Strong)
A.M. Best:
A+ (Superior)
DBRS:
IC-2
First Quarter Highlights
› Net income to common shareholders
› EPS (diluted)
› Book value
› ROE (annualized)
› Solvency ratio
› Premiums & deposits
› Assets under management & administration
Q1/2015
Q1/2014
104.9 M$
82.9 M$
1.03 $
0.83 $
34.94 $
31.49 $
12.1 %
10.7 %
211 %
212 %
1 985.1 M$
2 136.2 M$
114.7 G$
102.8 G$
“Our first quarter represents a solid start to the year in terms of
business growth, profit and shareholder value creation. Our retail
and group insurance operations made a good contribution to the topline, our segregated fund sales gained momentum in the quarter and
assets under management and administration were up 12% in the
last year despite weakness in our mutual fund flows. Both profit and
our solvency ratio exceeded guidance provided to the financial
markets and as for long-term shareholder value creation, book value
per share grew by 11% over the last twelve months.”
Yvon Charest, President and Chief Executive Officer
Net Income to Common Shareholders
Assets under Management & Administration
($Million)
($Billion and at end of period)
400.4
109.5
98.81
349.9
112.4
303.6
83.5
73.6
91.1
72.1
69.5
91.5
Q4
1
103.31
103.3
105.8
45.7
Q2
72.7
66.0
Q1
66.1
62.2
79.7
82.9
2011
2012
2013
2014
113.6
76.8
79.7
59.6
51.7
Q3
73.3
114.7
Assets under
management
104.9
Assets under
administration
2015
21.9
23.9
29.3
32.7
34.9
2011
2012
2013
2014
2015
In 2014, an adjustment was made to recognize the deferred income taxes related to certain intangible asset items. This adjustment,
which increased the goodwill and future income tax liability by an equivalent amount, was reflected retroactively to January 1, 2013.
Years prior to 2013 were not adjested.
1
The drop in interest rates reduced overall profitability in 2011.
Note: The figures do not always add up exactly due to rounding differences.
Solvency Ratio
(%)
217
2015 Q1 Share Information
217
189
209
211
Ratio well above
regulatory requirements
› Ticker: IAG (TSX)
› Share price last 12 months (high/low): $49.35 / $38.56
› Share price (closing): $42.37
› Last 12-month market return: (6.8%)
› Market capitalization: $4.3 billion
› Dividend per common share: $0.280
› Number of shares outstanding: Basic: 100,865,171
*
2011
2012
2013
2014
2015
Diluted: 101,495,432
* Weighted daily average for the quarter
(As at March 31, 2015)
2015 Q1
Premiums, Premium Equivalents & Deposits
($Million)
Q4
Q3
7 433
7 481
1 836
1 802
1 689
1 635
1 811
1 731
7 009
6 904
1 748
1 751
1 580
Q2
1 698
1 599
1 874
Q1
1 983
1 865
2 088
2 136
1 985
2011
2012
2013
2014
2015
Sales Growth
Line of business ($Million)
Q1/2015
Q1/2014
Individual Insurance
55.1
47.31
Individual Wealth Management
- General fund
- Segregated funds
- Mutual funds
41.1
489.7
435.7
36.5
399.9
635.9
Group Insurance
- Employee Plans
- Dealers – Creditor Insurance
- Dealers – P & C
- Special Markets Solutions
15.3
65.4
35.7
47.5
9.0
70.0
29.9
48.1
250.9
293.9
46.9
45.3
Group Savings
General Insurance (auto and home)
Note: The figures do not always add up exactly due to rounding differences.
The excess premiums for January and February 2014 were revised downwards by $9.5 million due to a correction related to major
policies that were reissued during this period.
1
Quality of Investments
(As of March 31, 2015)
New Business1
Stocks
Mortages
11.3%
10.2%
› Net impaired investments:
›
Market Shares
Other
5.9%
0.07% of total investments
Real Estate
B
onds rated BB and lower:
0.66% of bond portfolio
4.1%
›
Individual Insurance
4th
9.2%
4th
8.9%
4th
19th
7th
6th
14.0%
3.6%
4.5%
4th
16th
6th
5th
11.0%
4.0%
5.5%
- Mutual funds
Bonds
occupancy rate: 90.2%
Group Insurance3
Group Saving and retirement
Total Invested
Assets
$29.0B
Debt Measures
Rank
Market
Share
1
2
3
First-year annualized premiums, exept for Individual Wealth Management where it refers to gross sales
Assets, except for individual insurance where it refers to direct premiums
Employee Groups Market of 50 to 1,000 employees
Source : Latest available industry data from: CLHIA, Fraser Group, Investor Economics, IFIC and LIMRA
Stock Market and Interest Rate Sensitivity
Leverage Ratio
As of March 31, 2015
Coverage Ratio
S&P/TSX closing value
14,902
S&P/TSX level at which provisions for future policy benefits would have
to be strengthened
10,100
Level of S&P/TSX at which the solvency ratio decreases to 150%
6,800
Full year impact on net income of a sudden 10% decrease
in stock markets
($30M)
After-tax impact on reserves of a 10 bps decrease in Initial Reinvestment
Rates (IRR)
($35M)
35.9%
25.8%
23.7%
7.9x
25.4%
6.1x
7.8x
6.2x
2.8x
2011
Rank
Individual Wealth Management
68.5%
› R eal estate
33.3%
Line of business
- Segregated funds
M
ortgage loan
delinquency rate: 0.48%
Market
Share
In force2
2012
2013
2014 Q1/2015
2011
2012
2013
2014 Q1/2015
Calendar of Events
Head Office
Industrial Alliance, Insurance
and Financial Services Inc.
1080 Grande Allée West
Quebec City, QC G1S 1C7
Tel.: 418-684-5000
Toll-free: 1-800-463-6236
ia.ca
National Bank Quebec Conference
2nd quarter 2015 financial results
Transfer Agent
For questions regarding share accounts,
dividends, changes of adress and ownership
and other related matters
Computershare Investor Services Inc.
Tel.: 514-982-7555
Toll-free: 1-877-684-5000
[email protected]
› September 10, 2015 2015 15 Scotiabank Financial Summit
› Septembre 17, 2015CIBC 13 Eastern Institutional Conference
› November 4, 2015 3rd quarter 2015 financial results
th
BMO Capital Markets 4 Annual Fixed Income Conference
th
Investor Relations For analysts, portfolio managers and other
investors requesting financial information
1080 Grande Allée West
PO Box 1907, Station Terminus
Quebec City, QC G1S 1C7
Tel.: 418-684-5000 ext. 5862
Toll-free: 1-800-463-6236 ext. 5862
Fax: 418-684-5192 ia.ca
[email protected]
th
Notice to readers: The information contained in this document
is provided for general information purposes only and cannot be
considered as constituing legal, tax, financial or professional
advice. For more details on the financial results and inherent
risks, refer to the complete financial documents published on
our website (ia.ca) and on SEDAR (sedar.com).
F95-41A(15-04)
› June 4, 2015
› June 18, 2015
› July 30, 2015