IGM Financial Inc.

TSX:IGM Stock Report

Market Cap: CA$11.0b

IGM Financial Management

Management criteria checks 4/4

IGM Financial's CEO is James O’Sullivan, appointed in Sep 2020, has a tenure of 4.25 years. total yearly compensation is CA$7.42M, comprised of 16.2% salary and 83.8% bonuses, including company stock and options. directly owns 0.019% of the company’s shares, worth CA$2.04M. The average tenure of the management team and the board of directors is 2.7 years and 10.1 years respectively.

Key information

James O’Sullivan

Chief executive officer

CA$7.4m

Total compensation

CEO salary percentage16.2%
CEO tenure4.3yrs
CEO ownership0.02%
Management average tenure2.7yrs
Board average tenure10.1yrs

Recent management updates

Most Shareholders Will Probably Agree With IGM Financial Inc.'s (TSE:IGM) CEO Compensation

Apr 27
Most Shareholders Will Probably Agree With IGM Financial Inc.'s (TSE:IGM) CEO Compensation

Recent updates

IGM Financial's (TSE:IGM) Dividend Will Be CA$0.5625

Dec 16
IGM Financial's (TSE:IGM) Dividend Will Be CA$0.5625

IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.5625

Jun 19
IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.5625

IGM Financial's (TSE:IGM) Dividend Will Be CA$0.5625

May 14
IGM Financial's (TSE:IGM) Dividend Will Be CA$0.5625

Most Shareholders Will Probably Agree With IGM Financial Inc.'s (TSE:IGM) CEO Compensation

Apr 27
Most Shareholders Will Probably Agree With IGM Financial Inc.'s (TSE:IGM) CEO Compensation

IGM Financial (TSE:IGM) Has Affirmed Its Dividend Of CA$0.5625

Mar 18
IGM Financial (TSE:IGM) Has Affirmed Its Dividend Of CA$0.5625

IGM Financial (TSE:IGM) Is Paying Out A Dividend Of CA$0.5625

Feb 19
IGM Financial (TSE:IGM) Is Paying Out A Dividend Of CA$0.5625

CEO Compensation Analysis

How has James O’Sullivan's remuneration changed compared to IGM Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$879m

Jun 30 2024n/an/a

CA$851m

Mar 31 2024n/an/a

CA$771m

Dec 31 2023CA$7mCA$1m

CA$926m

Sep 30 2023n/an/a

CA$947m

Jun 30 2023n/an/a

CA$951m

Mar 31 2023n/an/a

CA$1b

Dec 31 2022CA$7mCA$1m

CA$856m

Sep 30 2022n/an/a

CA$903m

Jun 30 2022n/an/a

CA$959m

Mar 31 2022n/an/a

CA$992m

Dec 31 2021CA$6mCA$1m

CA$979m

Sep 30 2021n/an/a

CA$939m

Jun 30 2021n/an/a

CA$860m

Mar 31 2021n/an/a

CA$806m

Dec 31 2020CA$4mCA$359k

CA$764m

Compensation vs Market: James's total compensation ($USD5.16M) is about average for companies of similar size in the Canadian market ($USD4.15M).

Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.

CEO

James O’Sullivan (61 yo)

4.3yrs

Tenure

CA$7,420,868

Compensation

Mr. James P. O’Sullivan is Director of The Canada Life Assurance Company from 2024. Mr. O’Sullivan serves as Director of Great-West Lifeco Inc. since May 02, 2024. He served as the Strategic Advisor of Ban...

Leadership Team

NamePositionTenureCompensationOwnership
James O’Sullivan
President4.3yrsCA$7.42m0.019%
CA$ 2.0m
Keith David Potter
Executive VP & CFO2.4yrsCA$1.56m0.0021%
CA$ 227.8k
Damon Murchison
President & CEO of IG Wealth Management4.3yrsCA$5.40m0.0032%
CA$ 353.7k
Luke Gould
President & CEO of Mackenzie Investments2.4yrsCA$4.00mno data
Nancy McCuaig
Executive VP & COOless than a yearno data0.0010%
CA$ 109.5k
Sam Burns
Executive VP & Chief Information Officerless than a yearno data0.0025%
CA$ 271.6k
Rhonda Goldberg
Executive VP & General Counselno datano data0.0030%
CA$ 327.4k
Douglas Gordon Milne
Executive VP & Chief Marketing Officerno datano data0.0024%
CA$ 258.4k
Cynthia Currie
Executive VP & Chief Human Resources Officer6.3yrsno datano data
Kristin Ashcroft
Executive Vice-President of Products & Solutions for Mackenzie Investments2.8yrsno datano data
Herpreet Lamba
Senior Vice President Financial Servicesno datano data0.0057%
CA$ 623.1k
Kelly Hepher
Executive VP & Chief Risk Officer2.7yrsno datano data

2.7yrs

Average Tenure

Experienced Management: IGM's management team is considered experienced (2.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
James O’Sullivan
President4.3yrsCA$7.42m0.019%
CA$ 2.0m
Marcel Coutu
Independent Corporate Director10.6yrsCA$160.00k0.00038%
CA$ 41.6k
Andre Desmarais
Independent Director32.7yrsCA$167.50kno data
Paul Desmarais
Independent Director41.3yrsCA$157.50kno data
Marc Bibeau
Independent Director15.6yrsCA$228.00kno data
John McCallum
Independent Director26.7yrsCA$285.50k0.00042%
CA$ 46.0k
Robert Orr
Independent Chairman of the Board23.7yrsCA$292.50k0.051%
CA$ 5.5m
Christopher Reynolds
Executive Chair of Investment Planning Counsel Inc.3.9yrsno datano data
Elizabeth Wilson
Independent Director6.6yrsCA$197.50kno data
Claude Genereux
Independent Director9.6yrsCA$190.00k0.0025%
CA$ 277.0k
Sharon Hodgson
Independent Director9.5yrsCA$226.50kno data
Gary Doer
Independent Director8.6yrsCA$157.50kno data

10.1yrs

Average Tenure

65yo

Average Age

Experienced Board: IGM's board of directors are seasoned and experienced ( 10.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:32
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

IGM Financial Inc. is covered by 18 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John AikenBarclays
Tom MacKinnonBMO Capital Markets Equity Research
Samira AminiBofA Global Research