IGM Financial Inc (TSX:IGM.PR.B.PFD)

C$ 24.99 (-0.12%) Market Cap: - Enterprise Value: 1.32 Bil PE Ratio: 10.67 PB Ratio: 1.27 GF Score: 81/100

Q1 2025 IGM Financial Inc Earnings Call Transcript

May 9, 2025 / 12:00 PM GMT

Transcript

Key Points

Positve

IGM Financial Inc (IGIFF) reported a record adjusted earnings per share of $1 for the first quarter.
Client assets grew by 19% year over year, surpassing half a trillion dollars for the first time.
IG Wealth ended the quarter with assets under administration of $141.5 billion, up 11% year over year.
McKenzie Investments achieved record high assets under management of $219 billion, up 7% from last year.
The company has a strong balance sheet with significant unallocated capital exceeding $600 million.

Negative

Market volatility in early April led to a spike, impacting investor confidence and gross sales.
Redemption rates remained stable, but gross sales softened slightly at the industry level.
The M&A business and asset management growth at Rockefeller are slower than expected.
The mortgage business is experiencing higher margin business roll-offs, impacting short-term earnings.
Institutional wins are expected to impact the overall third-party rate negatively by one basis point.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IGM.TO - IGM Financial Inc
Q1 2025 IGM Financial Inc Earnings Call
May 09, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. This is the conference operator. Welcome to the IGM Financial first quarter 2025 analyst call and webcast.

As a reminder, all participants are in a listen-only mode, and the conference is being recorded.

After the presentation, there will be an opportunity to ask questions.

To join the question queue, you may press star, then one on your telephone keypad.

Should you need assistance during the conference call, you may signal an operator by pressing, then 0.

I would now like to turn the conference over to Kyle Martin, head of investor relations. Please go ahead.

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Unidentified_2

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