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WINNIPEG, MANITOBA -- (Marketwire) -- 02/08/13 -- 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. (IGM or the Company) (TSX: IGM) today announced earnings results for the fourth quarter and for the year ended December 31, 2012.

Operating earnings available to common shareholders, excluding other items(1), for the three months ended December 31, 2012 were $184.1 million or 73 cents per share compared to operating earnings available to common shareholders, excluding other items(2), of $196.0 million or 76 cents per share in 2011.

Net earnings available to common shareholders for the three months ended December 31, 2012 were $202.9 million or 80 cents per share compared to net earnings available to common shareholders of $230.6 million or 89 cents per share for the comparative period in 2011.

Operating earnings available to common shareholders, excluding other items(1), for the year ended December 31, 2012 were $749.7 million or $2.94 per share compared to operating earnings available to common shareholders, excluding other items(2), of $833.0 million or $3.22 per share in 2011.

Net earnings available to common shareholders for the year ended December 31, 2012 were $762.1 million or $2.99 per share compared to net earnings available to common shareholders of $900.6 million or $3.48 per share in 2011.

Revenues for the three months ended December 31, 2012 were $632.7 million compared to $649.6 million in the fourth quarter of 2011. Revenues for the year ended December 31, 2012 were $2.58 billion compared to $2.73 billion a year ago. Expenses were $399.4 million for the fourth quarter of 2012 compared to $392.6 million in the fourth quarter of 2011 and $1.61 billion for the year ended December 31, 2012, compared to $1.64 billion a year ago.

Total assets under management at December 31, 2012 were $120.7 billion. This compared with total assets under management of $118.7 billion at December 31, 2011.

Shareholders' equity at December 31, 2012 was $4.5 billion, unchanged from December 31, 2011. Return on average common equity based on operating earnings for the year ended December 31, 2012 was 17.3% compared to 19.7% for the comparative period in 2011.

Investors Group Operations

"Based on diversified portfolios and less volatile equity markets, our clients' median asset growth for 2012 was 5.5%," said Murray J. Taylor, President and Chief Executive Officer of Investors Group Inc. "In 2012, insurance sales increased by 11%, and mortgage originations increased by 45% as our Consultants assisted clients with their overall financial planning needs."

Mutual fund sales for the fourth quarter of 2012 were $1.42 billion compared to $1.29 billion in the prior year, and mutual fund net redemptions for the fourth quarter were $261 million compared to net redemptions of $158 million a year ago.

Mutual fund sales for the twelve months ended December 31, 2012 were $5.78 billion compared to $6.02 billion in the prior year, and mutual fund net redemptions were $724 million compared to net sales of $39 million a year ago.