iA Financial Reports Strong Finish to 2021, Increases Guidance for 2022
iA Financial Corporation Inc. (the Company) posted net income of $209 million in Q4 2021, an increase of 22% year over year. ROE was 12.7% for the quarter and 13.2% for F2021 (14.2% on a core earnings basis), driven by strong profitability across its business segments. Higher new business and other expenses were a modest drag on Q4 earnings while the net impact of the Company's year-end assumption review was minimal.
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