IGM FINANCIAL REPORTS FOURTH QUARTER AND 2023 EARNINGS

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IGM HIGHLIGHTS

Fourth quarter net earnings of $419.6 million or 176 cents per share compared to $224.7 million or 94 cents per share in 2022. Adjusted net earnings, excluding a gain on the sale of IPC of $220.7 million,¹ were $198.9 million or 84 cents per share for the fourth quarter of 2023 compared to $224.7 million or 94 cents per share in 2022.
Annual net earnings of $1,148.9 million or $4.82 per share compared to $867.2 million or $3.63 per share in 2022. Annual adjusted net earnings, excluding other items,¹ were $820.7 million or $3.44 per share compared to $867.2 million or $3.63 per share in 2022.
Assets under management and advisement of $240.2 billion, up 5.6% from the prior quarter and up 7.1% from the fourth quarter of 2022.²
IGM’s assets under management and advisement including strategic investments were $389.4 billion as at December 31, 2023, compared with $372.9 billion at September 30, 2023 and $288.3 billion at December 31, 2022.²
Net outflows were $1.2 billion compared to net outflows of $520 million in 2022.²

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