{"url":"https://newsforagent.com/news/2026-11-13/ia-financial-group-core-roe-target-2028","markdown_url":"https://newsforagent.com/news/2026-11-13/ia-financial-group-core-roe-target-2028.md","title":"iA Financial Group Raises Core ROE Target to 18.5%+ for 2028","headline":"iA Financial Group Lifts 2028 Core ROE Target to 18.5%+ on CARLI Capital Boost","description":"iA Financial Group raised its 2028 core ROE target to 18.5%+ from 17%+ in 2026, citing a proposed AMF guideline that would add $1.7 billion to deployable capital.","section":"Earnings & Results","published_at":"2026-11-13T22:51:06+00:00","modified_at":"2026-11-13T22:51:06+00:00","author":"News Desk","key_takeaways":["iA Financial Group raised its core ROE target to 18.5%+ in 2028, up from 17%+ in 2026.","The proposed 2027 CARLI guideline would add $1.7 billion to capital available for deployment, bringing the total to $2.6 billion.","The AMF published the draft guideline for consultation on November 12, 2026, with the consultation period expected to end on December 11, 2026."],"companies":[{"name":"iA Financial Group","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000tig/ia-financial-group","website":"http://ia.ca"},{"name":"Autorité des marchés financiers","is_primary":false,"profile_url":"https://akta.pro/company-profiles/02c1s1p/autorite-des-marches-financiers","website":"https://lautorite.qc.ca"}],"source":{"publisher":"Business Wire Blog","title":"iA Financial Group Increases Core ROE†† Target1 to 18.5%+ in 2028","url":"https://www.businesswire.com/news/home/20261113509799/en/iA-Financial-Group-Increases-Core-ROE-Target1-to-18.5-in-2028"},"other_sources":[],"tags":["Earnings & Results","iA Financial Group","Autorité des marchés financiers"],"body_markdown":"[iA Financial Group](https://akta.pro/company-profiles/0000tig/ia-financial-group) raised its core return on common shareholders' equity target to 18.5%+ in 2028, up from 17%+ in 2026, the insurer said in a [Business Wire Blog](https://www.businesswire.com/news/home/20261113509799/en/iA-Financial-Group-Increases-Core-ROE-Target1-to-18.5-in-2028) announcement on November 13, 2026. The company said the higher target reflects organic growth momentum and increased capital deployment optionality expected from a proposed regulatory guideline.\n\n## Inside iA Financial Group's Higher ROE Target\n\niA Financial Group is one of Canada's largest insurance and wealth management groups, listed on the Toronto Stock Exchange under the ticker IAG, with operations in the United States. The company said strong organic momentum is projected to push core ROE to 18.5%, while capital deployment potential, further increased by the proposed 2027 CARLI Guideline, is expected to provide additional upside supporting the 18.5%+ target.\n\n\"Our new core ROE target of 18.5%+ reflects the strength of our organic growth momentum and increased capital deployment optionality,\" said Denis Ricard, President and Chief Executive Officer. \"We remain focused on executing the same successful strategy and maintaining the same disciplined approach and risk profile, while deploying capital where we see the greatest potential to create sustainable shareholder value.\"\n\nÉric Jobin, Executive Vice-President, Chief Financial Officer and Chief Actuary, said the proposed guideline would address structural constraints in the current framework and improve alignment between capital requirements and underlying risks. The company said the guideline, if adopted as proposed, would raise the solvency ratio by 3 percentage points to 134% and the core ratio by 48 percentage points to 118%, on a pro forma basis as at September 30, 2026.\n\n## What the CARLI Guideline Would Change\n\nAccording to akta.pro [company records](https://akta.pro/company-data), iA Financial Group serves more than 500,000 clients through its wealth management platform and reported total assets under management and administration above $346 billion as of Q1 2026. The company said the proposed 2027 CARLI Guideline would increase capital available for deployment by $1.7 billion, to $2.6 billion, and add flexibility for balance sheet optimization within the same risk appetite.\n\nThe [Autorité des marchés financiers](https://akta.pro/company-profiles/02c1s1p/autorite-des-marches-financiers) published the draft revised guideline for consultation on November 12, 2026. The company said the estimated impacts assume the guideline is adopted as published for consultation.\n\n## iA Financial Group's Recent Moves\n\niA Financial Group completed its acquisition of RF Capital Group Inc., the parent of Richardson Wealth, on October 31, 2025, through a court-approved plan of arrangement, [GlobeNewswire](https://akta.pro/news-signals) reported. The transaction was valued at approximately $691 million.\n\nOn October 27, 2026, the company added five new segregated fund options, including Fidelity Global Equity+ and RBC U.S. Mid-Cap Growth Equity, TradingView reported. Earlier that month, Nicola Real Estate brought iA Financial Group in as a partner on 901 Hopkins Street, a fully leased 293,000-square-foot industrial building in Whitby, Ontario, according to GlobeNewswire.\n\n## iA Financial Group's November 16 Conference Call\n\niA Financial Group will hold a conference call on Monday, November 16, 2026, from 8:00 a.m. to 9:00 a.m. ET, during which management will outline the path to the new core ROE target and provide information on the proposed 2027 CARLI Guideline. The AMF expects to publish the final guideline in the first quarter of 2027, with an expected effective date of January 1, 2027.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}