Quebec Exchange shines in July, several companies to a high

The insurance company and Wealth Management said Tuesday that its earnings per share stood at 74 cents. This performance compares to net income of $ 66.0 million and earnings per share of 70 cents a year earlier.

Premiums and deposits increased by 17% to $ 1.9 billion.

"All of our businesses have seen their operating results improve over 12 months," said in a statement the principal vice president and actuary Chief Industrial Alliance René Chabot.

The assets under management and administration ended the quarter at $ 86.8 billion, which represents a slight decrease from the previous quarter due to the decline in the S & P / TSX index of the Toronto Stock Exchange. It is, however, an increase of 12% over the previous year.

The area of ​​Individual Wealth Management recorded a gain of $ 0.09 per share, or $ 8.3 million. The increase in sales of funds produced a gain of $ 0.02 per share, or $ 1.5 million.

For its part, the Group Savings and Retirement produced a gain of $ 0.01 per share, or $ 1.4 million due to investment income and favorable longevity of annuitants.

Industrial Alliance announced on 16 July the acquisition price of $ 94 million of asset management firm Jovian Capital Corporation, which manages assets of nearly $ 7 billion.