11:27 AM EDT, 08/06/2025 (MT Newswires) -- National Bank has raised its one year target on iA Financial ( IAFNF ) to $146 (from $141) and maintained its Sector Perform rating, after the company reported a second-quarter earnings beat, delivering an "exceptionally" strong set of results.

iA benefited from $38 million of pre-tax experience gains, spread across several business lines, analyst Gabriel Dechaine writes. "While IAG typically reports these gains, this quarter's performance compares to a $5 million quarterly average since IFRS 17 was adopted."

Even if this line item were excluded, iA Financial's ( IAFNF ) annualized ROE would have been 17% (compared to the 17%+ target by 2027). The insurer's internal capital generation rebounded after a lower-than-expected figure reported during the first quarter and was consistent with management's guidance of acceleration over the course of the year, Dechaine notes.

Price: 140.46, Change: +2.01, Percent Change: +1.45