Investor Presentaiton
23
2022 GUIDANCE
As disclosed on February 16, 2022
Core EPS+
Core ROE+
13.0% to 15.0%
Q1
$1.85
to
$2.00
Q2
$2.20
to
$2.35
Q3
$2.30 to
$2.45
Impact of new
business (strain)*
0% annual target
(quarterly range from -5% to 10%)
Q4
$2.35 to
$2.50
2022
$8.70 to
$9.30
Solvency
ratio
110% to 116%
+
Non-core items*
Capital generation*
$450M to $525M
(EPS)
Charges or proceeds related to acquisition
or disposition of a business
$0.19¹
Effective
tax rate
21% to 23%
Amortization of intangible assets
$0.59
Non-core pension expense
Total
$0.20
$0.98
Dividend
payout ratio+
Note: The market guidance provided above is a forecast. Please refer to the "Forward-looking statements" section in this document for more information.
1 $0.19 = $0.10 IAS acquisition charges + $0.03 Surex acquisition charges + $0.06 increase in book value of Surex minor shareholders' sell option
+ This item is a non-IFRS measure; see the "Non-IFRS and Additional Financial Measures" section at the end of this document for relevant information about such measures.
25% to 35%
(mid-range, based on core earnings)
iAm
Financial GroupView entire presentation