iA Financial Reports Weaker Q1 2022 Earnings, Driven by Experience Losses and Higher Expenses
iA Financial Corporation Inc. (iA Financial or the Company) posted net income of $151 million in Q1 2022, a decrease of 13% year over year because of market impacts, experience losses, and higher expenses. The return on equity (ROE) was 9.1% for the quarter, below the Company's recent historical performance. The core ROE of 14.1% for the trailing 12 months ended March 31, 2022, which excludes market impacts and charges related to prior acquisitions, remains within the Company's guidance range.
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