Zhi Tong Cai Jing·2025-11-13 00:01Core Insights - The company reported record core earnings and double-digit growth in core EPS for the third quarter ending September 30, 2025 [1][2] - Core earnings reached CAD 2 billion, a 10% increase compared to the third quarter of 2024 when adjusted for constant currency [1] - The net income attributable to shareholders was CAD 1.8 billion, remaining stable compared to the same period in 2024 [1] Financial Performance - Core EPS was CAD 1.16, reflecting a 16% increase from the third quarter of 2024, while EPS was CAD 1.02, a 2% increase [1] - The core ROE stood at 18.1%, compared to 16.0% in the previous year [1] - The LICAT ratio was reported at 138% [1] Business Growth - APE sales increased by 8% year-over-year, while new business CSM grew by 25% and new business value increased by 11% [1] - Despite experiencing net outflows of CAD 6.2 billion in global wealth and asset management, the core EBITDA margin continued to expand [2] - The company successfully acquired Comvest Credit Partners and reached an agreement to acquire Schroders' Indonesia business, enhancing service capabilities and client offerings [2] Strategic Direction - The updated strategy aims to strengthen confidence in achieving the 2027 goals and solidify the company's position as a leading diversified financial services firm headquartered in Canada [2]