IGM Financial’s adjusted net income for 2007 was $863.8 million compared to adjusted net income of $763 million reported for the same period of 2006, an increase of 13.2%. Adjusted earnings per share were $3.23 in 2007 compared to $2.85 in 2006, an increase of 13.3%.
The company’s gross revenues for the period were $2.9 billion, compared to $2.6 billion in the prior year. Total assets under management at December 31, 2007 were $123 billion, representing 3% increase compared with total assets under management of $119.4 billion a year ago.
Adjusted net income for the three months ended December 31, 2007, excluding the non-cash income tax benefit described above, was $219 million compared to net income of $199.6 million last year, an increase of 9.7%.
IGM Financial net income without adjustment for the three months ended December 31, 2007 was $234.3 million and earnings per share on this basis were $0.88.
