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IA posts $287M Q4 core earnings
Investment Executive· 2026-02-18 18:22
Core Insights - The company will increase its quarterly dividend to 99 cents per share from 90 cents in the previous quarter, indicating a positive outlook on financial performance [1] - The recent acquisition of RF Capital Group Inc. is exceeding initial expectations, enhancing the company's position in the wealth management sector [1] Canadian Insurance Segment - Core earnings for the Canadian insurance segment were $105 million in the fourth quarter, a decrease of 15% from $116 million a year earlier, primarily due to unfavorable morbidity in special markets, although this was partially offset by favorable mortality experience [2] - The segment also experienced higher expected earnings from individual insurance and employee plans [2] Wealth Management Segment - Core earnings in the wealth management segment rose to $127 million in the fourth quarter, up from $112 million in the same period of 2024, driven by strong net segregated fund sales and favorable financial markets [3] - The increase was partially offset by the higher impact of new insured annuities sales in group savings and retirement [3] - As of December 31, 2025, the company had $341.1 billion in assets under management and administration, reflecting a 31% year-over-year increase [3]