Earnings Call Summary | IGM FINANCIAL INC(IGIFF.US) Q1 2024 Earnings Conference
Earnings Call Summary | IGM FINANCIAL INC(IGIFF.US) Q1 2024 Earnings Conference
The following is a summary of the IGM Financial Inc. (IGIFF) Q1 2024 Earnings Call Transcript:
以下是IGM Financial Inc.（IGIFF）2024年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
IGM Financial reported a record Q1 adjusted EPS of E0.94, an 8% increase year-on-year.
The company's AUM&A increased to $422 billion, about a 21% increase from the same period last year.
IGM reported net outflows of $128 million for Q1 2024.
The company distributed $146 million of capital to shareholders during the quarter, including $12 million in share repurchases.
Over $400 million in unallocated capital was held by IGM at quarter's end.
Steady growth was witnessed in the insurance sector, noting the highest average case size ever in a quarter and first-year commissions increased 36% over the past five years.
IGM Financial公布了创纪录的第一季度调整后每股收益为0.94欧元，同比增长8％。
该公司的AUM&A增至4220亿美元，比去年同期增长约21％。
IGM报告称，2024年第一季度的净流出量为1.28亿美元。
该公司在本季度向股东分配了1.46亿美元的资本，其中包括1200万美元的股票回购。
截至季度末，IGM持有超过4亿美元的未分配资本。
保险业稳步增长，这是有史以来一个季度以来最高的平均案件规模，第一年的佣金在过去五年中增长了36％。
Business Progress:
业务进展：
IG Wealth ended Q1 with an AUM of $128 billion, showing a 10% year-over-year growth and a 5.6% quarterly growth.
IG Wealth registered net inflows of $223 million during Q1, with shares increasing from both mass affluent and high net worth clients.
IGM's main capital allocation priority is ensuring the long-term success and growth of its core businesses.
IGM runs a share buyback program to offset dilution and may repurchase more shares based on its other capital allocation priorities.
IGM's strategic investment, Wealthsimple, ended the quarter with an AUA of $39 billion, showing an 82% year-over-year growth.
IG Wealth aims to digitalise its insurance business further through a partnership with Life Design Analysis, a fintech leader in the insurance space.
IG Wealth在第一季度末的资产管理规模为1280亿美元，同比增长10％，季度增长5.6％。
IG Wealth在第一季度净流入2.23亿美元，其中来自大众富裕和高净值客户的股价均有所增加。
IGM的主要资本配置优先事项是确保其核心业务的长期成功和增长。
IGM实施股票回购计划以抵消摊薄，并可能根据其其他资本配置优先事项回购更多股票。
IGM的战略投资Wealthsimple在本季度末的AUA为390亿美元，同比增长82％。
IG Wealth旨在通过与保险领域的金融科技领导者Life Design Analysis合作，进一步实现其保险业务的数字化。
More details: IGM FINANCIAL INC IR
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