iA Financial Corporation Inc. (TSX:IAG) agreed to acquire Two insurance blocks of S.USA Life Insurance Company, Inc. on July 15, 2024. The insurance blocks are composed of Final Expense and Term Life products in the United States, amounting to more than 115,000 policies and more than $100 million in annual premiums. The transaction is subject to ordinary closing conditions. This acquisition will be accretive from the first year, both on a core and reported basis.

The impact on iA Financial Group's solvency ratio will be around a one percentage point decrease.