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IgM Financial NEWS RELEASE Readers are referred to the disclaimer regarding Forward - Looking Statements , Non - IFRS Financial Measures and Additional IFRS Measures at the end of this Release . IGM FINANCIAL INC . REPORTS RECORD HIGH SECOND QUARTER EARNINGS Winnipeg - August 4 , 2021 : IGM Financial Inc. ( IGM or the Company ) ( TSX : IGM ) today announced earnings results for the second quarter of 2021 . IGM HIGHLIGHTS • • • Net earnings of $ 237.4 million or 99 cents per share compared to $ 183.5 million or 77 cents per share in the second quarter 2020. This represents a 28.6 % increase in earnings per share and is the all - time highest quarter result in the Company's history . Net inflows of $ 2.5 billion , compared to net inflows of $ 3.6 billion in the second quarter of 2020 . Record high second quarter investment fund net sales of $ 1.9 billion , compared to $ 864 million in the second quarter of 2020 . Record high assets under management and advisement of $ 262.0 billion , up 5.4 % in the quarter and 39.2 % from June 30 , 2020 ( including $ 30.3 billion in net business acquisitions in 2020 ) . " Earnings per share of 99 cents in the quarter is the highest result in IGM's history , " said James O'Sullivan , President and Chief Executive Officer of IGM Financial Inc. " The result reflects record high second quarter client inflows across the companies and continued strong investment returns for our clients . " Net earnings available to common shareholders for the six months ended June 30 , 2021 were $ 439.6 million or $ 1.84 per share compared to $ 344.4 million or $ 1.45 per share for 2020 . WEALTH MANAGEMENT Reflects the activities of operating companies that are principally focused on providing financial planning and related services to Canadian households and includes the activities of IG Wealth Management and Investment Planning Counsel . Net earnings in the second quarter of 2021 was $ 134.3 million and represented 57.1 % of IGM's net earnings . This was an increase of 33.6 % compared to the second quarter of 2020 . Record high assets under advisement at June 30 , 2021 of $ 143.3 billion , an increase of 4.7 % from $ 136.9 billion at March 31 , 2021 and an increase of 19.0 % from $ 120.5 billion at June 30 , 2020 . IG Wealth Management Record high assets under advisement at June 30 , 2021 of $ 112.2 billion , an increase of 4.9 % from $ 107.0 billion at March 31 , 2021 and an increase of 19.6 % from $ 93.8 billion at June 30 , 2020 . Highest second quarter net client inflows of $ 670 million , an increase of $ 732 million from net client outflows of $ 62 million in the second quarter of 2020. Net client inflows for the six month period were $ 1.7 billion , an increase of $ 1.4 billion from net client inflows of $ 319 million in 2020 . Record high second quarter gross client inflows of $ 3.2 billion , up 69.4 % from gross inflows of $ 1.9 billion in 2020 . Page | 1 IgM IG Investment WEALTH MANAGEMENT MACKENZIE Planning Counsel Investments FINANCIAL SOLUTIONS FOR LIFE