IGM Financial Inc. (T:IGM)
Business Focus: Investment Management & Fund Operators (NEC)
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | 447 Portage Avenue WINNIPEG MB R3B 3H5 |
| Tel: | N/A |
| Website: | https://www.igmfinancial.com/en |
| IR: | See website |
| Key People | ||
| James O'Sullivan President, Chief Executive Officer, Director | Keith Potter Chief Financial Officer, Executive Vice President | Luke Gould President and Chief Executive Officer of Mackenzie Investments |
| Damon Murchison President and Chief Executive Officer, IG Wealth Management | Michael William Dibden Chief Operating Officer, Executive Vice President | Cynthia Currie Chief Human Resource Officer, Executive Vice President |
| Douglas Milne Executive Vice President, Chief Marketing Officer | Kelly Hepher Executive Vice President, Chief Risk Officer | Rhonda Goldberg Executive Vice President, General Counsel |
| Business Overview |
| IGM Financial Inc. is a Canada-based wealth and asset management company. The Company operates through three segments: Wealth Management, Asset Management and Strategic Investments and Other. The Wealth Management segment includes the activities of operating companies that are principally focused on providing financial planning and related services to Canadian households. The Asset Management segment includes the activities of operating companies primarily focused on providing investment management services and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds. The Strategic Investments and Other segment primarily represent the key strategic investments made by the Company, including China Asset Management Co., Ltd., Great-West Lifeco Inc., Rockefeller Capital Management, Northleaf Capital Group Ltd., Wealthsimple Financial Corp., and Portage Ventures LPs, as well as Unallocated capital. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, IGM Financial Inc. revenues increased 1% to C$3.19B. Net income before extraordinary items increased 8% to C$925.8M. Revenues reflect Asset Management segment increase of 16% to C$873.2M. Net income benefited from Gain on sale of Lifeco shares increase from C$0K to C$173M (income). Dividend per share remained flat at C$2.25. |
| Employees: | 4,010 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $14,831M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,391M as of Dec 31, 2023 |
| EBITDA (TTM): | $761.71M as of Dec 31, 2023 |
| Net annual income (TTM): | $725.89M as of Dec 31, 2023 |
| Free cash flow (TTM): | $148.06M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $6,713M as of Dec 31, 2023 |
| Shares outstanding: | 237,796,813 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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