Industrial Alliance Insurance & Financial Services Inc. (IAG.TO) Friday posted a fourth-quarter loss of C$75 million, or a loss of C$0.90 per share, compared to last year's profit of C$79 million, or C$0.84 per share. The per-share results also reflect a higher share count this year.
Ten analysts polled by Thomson Reuters estimated a loss of C$0.96 per share. Analysts' estimates usually exclude special items.
Quarterly revenues jumped to C$2.31 billion from C$1.71 billion a year ago thanks primarily to higher investment income. The company noted that total premiums and deposits decreased due to lower fund entries in Individual Wealth Management.
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