IGM Financial Inc

IGM

Equity

ISIN null / Valor 1864142

Toronto Stock Exchange (2025-11-21)

CAD 56.07+1.01%

IGM Financial Inc
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About company

IGM Financial Inc. is a prominent Canadian financial services company and a member of the Power Corporation group. It operates primarily through its subsidiaries, including IG Wealth Management and Mackenzie Investments, offering a range of financial products and services. IG Wealth Management focuses on providing comprehensive financial planning and investment management services to individuals, while Mackenzie Investments specializes in asset management, catering to both retail and institutional clients. The company leverages its extensive expertise and resources to deliver tailored financial solutions, aiming to meet the diverse needs of its clientele. Through its subsidiaries, IGM Financial Inc. plays a significant role in the Canadian financial landscape, contributing to the management and growth of its clients' wealth.

Summarized from source with an LLMView SourceSector: Finance

IFRS Net Earnings

For the fourth quarter of 2024, IGM Financial Inc recorded IFRS net earnings of $254.7 million, down from $419.6 million in Q4 2023. The lower net earnings reflect the absence of the prior year's one-time gain from the sale of IPC.

Adjusted Earnings Improvement

Despite the drop in IFRS net earnings, adjusted net earnings for Q4 2024 increased 22.0% to $250.0 million, leading to an adjusted earnings per share of $1.05, compared to $0.86 in the previous year’s quarter.

Record Assets Under Management

IGM Financial Inc achieved record high quarter-end assets under management and advisement at $270.4 billion, marking a 12.6% increase from Q4 2023 and contributing significantly to overall performance, with annual AUM including strategic investments rising to $483.5 billion.

Client Inflows and Business Momentum

Highlighting business momentum, the fourth quarter witnessed net client inflows of $244 million, a stark contrast to last year’s net outflows, and record gross client inflows of $3.9 billion, driven by strong performance at IG Wealth Management.

Dividend Declaration

Additionally, IGM Financial Inc declared a dividend of 56.25 cents per share on its common shares, scheduled for payment on April 30, 2025, underscoring the company's commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

18.8%1Y

45.3%3Y

63.9%5Y

Performance

20.4%1Y

19.3%3Y

20.3%5Y

Volatility