Organic Capital Generation and IFRS Transition Outlook
27
STRONG BALANCE SHEET
Ratios
(March 31, 2022)*
Leverage ratio of 23.4% and coverage ratio of 15.6x
Distinctive
macroeconomic
protections
Embedded in reserving process, iA's distinctive macroeconomic protections decrease net income and solvency
ratio volatility and support iA's 110% to 116% solvency ratio target. Protections that are not recognized in
regulatory capital formula are worth more than 8 percentage points of solvency ratio (as at March 31, 2022).
Capital
sensitivity+
Low sensitivity to macroeconomic variations
Capital
flexibility
Potential capital deployment* of ~$700M, as at March 31, 2022
NCIB
The Company's NCIB program was reinstated in December 2021 as regulators lifted their restrictions.
From Dec. 6, 2021 to Dec. 5, 2022, up to 5,382,503 common shares can be redeemed (~5% of shares¹).
During Q1/22, 108,200 shares were redeemed and cancelled for a total value of $8 million.
1 Common shares issued and outstanding at Nov. 23, 2021.
+ 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.View entire presentation