Fact Sheet (q3 2024 fact sheet)

About iA Financial Group	› Founded in 1892
iA Financial Group is one of the largest insurance and	› Listed on the TSX in 2000
wealth management groups in Canada, with operations	› More than 5,000,000 clients
in the United States. Founded in 1892, it is an important	› More than 10,166 employees
Canadian public company and is listed on the Toronto Stock
Exchange under the ticker symbol IAG (common shares).
Third Quarter Highlights
	Q3/2024		Q3/2023
› Net income attributed to common shareholders	$283M		$55M
›EPS (diluted)	$2.99		$0.54
› Core EPS (diluted)†	$2.93		$2.50
›ROE1 (trailing twelve months)	14,5 %		10,6 %
›Core ROE (trailing twelve months)††	15.3%		14.8%
›Solvency ratio2 (as at September 30, 2024)	140%		145%
› Net Premiums, Premium Equivalents & Deposits3	$4,936M		$3,937M
› Assets under management & administration4	$249.7B		$205.0B
› Book value	$71.63		$65.25

1. Consolidated net income attributed to common shareholders divided by the average common shareholders' equity for the period.
2. The solvency ratio is calculated in accordance with the Capital Adequacy Requirements Guideline - Life and Health Insurance (CARLI) mandated
   by the Autorité des marchés financiers du Québec (AMF). This financial measure is exempt from certain requirements of Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure according to AMF Blanket Order No. 2021-PDG-0065.n.
3. Net premiums, premium equivalents and deposits are supplementary financial measures. Refer to the "Non-IFRS and Additional Financial Measures" section of the Management's Discussion and Analysis for the period ending September 30, 2024, for more information.
4. Assets under management and assets under administration are supplementary financial measures. Refer to the "Non-IFRS and Additional Financial Measures" section of the Management's Discussion and Analysis for the period ending September 30, 2024, for more information.

Share Information (As at September 30, 2024)

› Ticker: IAG (TSX)

› Share price for last 12 months (high/low/close): $112.72 / $77.61 / $112.10

› Market capitalization: $10.5 billion

› Dividend paid per common share: $0.820

› Weighted average of outstanding shares diluted: 94,571,049

"We achieved solid third quarter results, with very strong EPS growth and ROE expansion. Disciplined execution of our growth-driven strategy resulted in a 25% year-over-year increase in premiums and deposits in the third quarter, driven by robust sales and the acquisitions of Vericity and the Prosperity blocks of business. Sales were particularly strong for segregated funds and individual insurance in Canada and the U.S. With our high level of capital available for deployment, which is expected to increase further, we will continue to invest in our growth, both organically and through acquisitions. Through our sustained growth, we will continue our track record of creating and returning value to our shareholders."

Denis Ricard, President and CEO of iA Financial Group

* Ratio calculated under the IFRS 4 accounting standard and with the capital standard applicable in 2022.

Credit ratings

iA Financial Corporation Inc.

Net Premiums, Premium Equivalents & Deposits

Notes : The figures do not always add up exactly due to rounding differences.The definition of net premiums for property and casualty business has been updated in line with the new IFRS 17 and IFRS 9 accounting standards. Net premiums for 2022 and subsequent years take into account the new definition; net premiums prior to 2022 have not been recalculated.

Sales1 Growth

1 Sales is a supplementary financial measure. Refer to the "Non-IFRS and Additional Financial Measures" section of the Management's Discussion and Analysis for the period ending September 30, 2024, for more information.

Assets Under Management & Administration

Note: Columns do not always add up due to rounding differences.

Market Shares

2 First-year annualized minimum premiums (life, disability and critical illness) for Individual Insurance,

gross sales for Individual Wealth Management and first-year annualized premiums for other sectors

1. Premiums for Individual Insurance (life only) and Group Insurance, assets for other sectors
2. Market of 50 to 1,000 employees

Source: Latest available industry data from: CLHIA, Fraser Group, Investor Economics, IFIC and LIMRA

Debt Measures (At end of period)

• Calculated as: Debentures, preferred shares issued by a subsidiary and other equity instruments/(Capital structure + post-tax contractual service margin (CSM)† ).

Quality of Investments

(As at September 30, 2024)

Calendar of Events

• November 5, 2024 3rd quarter 2024 financial results

iA Financial Group is a business name and trademark of iA Financial Corporation Inc. and Industrial Alliance Insurance and Financial Services Inc.

Notice to readers: The information contained in this document is provided for general information purposes only and cannot be considered as constituting legal, tax, financial or professional advice. For more details on the financial results and inherent risks, refer to the complete financial documents published on our website (ia.ca) and on SEDAR (sedar.com).

F95-41A(24-11) ACC