Total premiums grow by 20%
Dominion Bond Rating Service Ltd. has confirmed the credit ratings of Industrial Alliance Insurance and Financial Services Inc. and Industrial Alliance Capital Trust, all with continuing stable trends.“As a mid-sized player in an industry dominated by three much larger competitors, IA is still able to compete effectively given its focus on multi-channel distribution and the […]
Industrial Alliance Insurance and Financial Services Inc. said second quarter profit jumped 15% to $39.9 million, while premium income gained increased 27% to of $657.6 million.The Quebec City-based life insurer, fifth-largest in Canada, said earnings per share (diluted) for the three months ended June 30 were $1.00. A year ago Industrial Alliance reported net income […]
Stronger markets help boost earnings
Redeems series 3 subordinated debentures
Profit rises on equity markets
Standard & Poor’s Ratings Services has affirmed its ratings on Industrial Alliance Insurance and Financial Services Inc, including the ‘A+’ counterparty and financial strength ratings and the ‘P-2(High)’ Canadian national scale and ‘BBB+’ global scale preferred share ratings. S&P says the outlook for Industrial Alliance is stable.The ratings agency says the financial strength rating on […]
Vigil GPS to offer security tracking solution to automotive market
Industrial Alliance Insurance and Financial Services Inc. today announced the closing of its acquisition of Co-operators Mutual Funds Ltd., which was initially announced last August 15. The company says the acquisition of CMFL will allow it manufacture and manage its own line of mutual funds.The name of CMFL has been changed to Industrial Alliance Mutual […]
Insurer raises dividend by 12%