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State: 17.08.2024 | 11PM
Thu, 07.11.2024       IGM Financial

Readers are referred to the disclaimer regarding Forward-Looking Statements, Non-IFRS Financial Measures and Other Financial Measures at the end of this Release.

WINNIPEG, MB, Nov. 7, 2024 /CNW/ - IGM Financial Inc. (IGM or the Company) (TSX: IGM) today announced earnings results for the third quarter of 2024.

IGM HIGHLIGHTS

Net earnings of $239.2 million compared to $209.8 million in the third quarter of 2023. Earnings per share of $1.01 compared to $0.88 in the third quarter of 2023.Adjusted net earnings1 were $244.1 million for the third quarter of 2024 compared to $220.5 million in the third quarter of 2023, an increase of 10.7%. Adjusted earnings per share1 were $1.03 for the third quarter of 2024 compared to $0.92 in the third quarter of 2023.Record high assets under management and advisement of $264.9 billion, up 16.5% from the third quarter of 20232 and up 4.9% from the prior quarter.IGM's assets under management and advisement including strategic investments were $461.6 billion compared with $431.7 billion at June 30, 2024 and $373.8 billion at September 30, 2023.2Net outflows were $272 million compared to net outflows of $709 million in 2023.2Increase in the value of IGM's investment in Wealthsimple Financial Corp. by $384 million ($1.62 per IGM share) in the quarter to $1.2 billion.

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