Overview

* IGM Q3 adjusted EPS beats analyst expectations, driven by strong core business performance

* Record high assets under management at C$302.6 bln, up 14.2% yr/yr

* Fair value of investments in Wealthsimple and Rockefeller increased by C$680 mln and C$750 mln

Outlook

* Company did not provide specific guidance for future revenue or EPS in the statement

Result Drivers

* STRONG CORE PERFORMANCE - Record high adjusted net earnings driven by strong performance at IG Wealth Management and Mackenzie Investments, per CEO James O'Sullivan

* RECORD NET INFLOWS - Net inflows of C$2.4 bln compared to net outflows of C$272 mln in Q3 2024

* INVESTMENT VALUE INCREASE - Fair value of investments in Wealthsimple and Rockefeller increased by C$680 mln and C$750 mln, respectively

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$1.27 C$1.12

Adjusted (5

EPS Analysts

)

Q3 EPS C$1.26

Q3 Net C$298.10

Income mln

Q3 C$302.60

Assets bln

Under

Manageme

nt

Q3 C$0.56

Dividend

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)