IA Financial Group reported net income attributed to common shareholders of $384 million for the second quarter of 2026, up 20% from $321 million in the same quarter of 2025.
Core earnings for the quarter amounted to $330 million, up 1% from $327 million in the same period in 2025, iA reported.
Core earnings per common share totalled $3.68, up 5% from $3.49 a year earlier.
As of Jun. 30, 2026, the firm had $374 billion of assets under management and administration, up 37% from $274 billion a year ago.
IA’s Canadian insurance core earnings totalled $128 million in the second quarter, down from $133 million. The 4% decrease was attributed to a lower core insurance experience compared to the same period last year. IA reported Canadian individual insurance sales of $102 million in the second quarter, similar to the same period in 2025.
Meanwhile, iA said employee plan sales came in at $30 million for the quarter, up from $8 million last year.
Special markets sales continued to dip, reaching $83 million in the second quarter compared to $108 million at the same time last year. This 16% drop was mainly due to lower demand for international student medical insurance after the federal government began tightening the international student program in 2024.
Core earnings for iA Wealth Management totalled $155 million for the second quarter compared with $113 million a year ago, representing a 37% increase.
Gross segregated fund sales for the second quarter amounted to $2.1 billion, a 52% increase year over year, while net sales topped $1 billion. The company said it held the top spot in the country for gross and net individual seg fund sales.
At the same time, mutual fund gross sales totalled $644 million, up 46% year over year. IA reported mutual fund net outflows of $73 million.
Group savings and retirement sales for the second quarter amounted to $1.1 billion, up 35% from $821 million a year earlier, mainly driven by accumulation product sales.