Mr. Yvon Charest reports

IA FINANCIAL GROUP ANNOUNCES THE RETIREMENT OF EVP, CFO AND CHIEF ACTUARY RENE CHABOT

Rene Chabot, executive vice-president, chief financial officer and chief actuary of Industrial Alliance Insurance and Financial Services Inc., will retire on Feb. 15, 2018, after almost 35 years of service.

Mr. Chabot joined Industrial Alliance in 1983 as a graduate from Universite Laval in actuarial sciences. Over the years, he has held various management positions in actuarial services, individual insurance and annuities, as well as group savings and retirement, and most recently, was responsible for a portfolio of corporate services that encompassed actuarial, accounting, investor relations, risk management, legal affairs and information technologies. Mr. Chabot has been chief actuary since 2010 and a member of the company's eight-person strategic planning committee since 2012.

"It has been a tremendous honour and privilege to have known and worked with Rene Chabot for almost 35 years," commented Yvon Charest, president and chief executive officer. "In addition to his trademark passion and energy that he brings to every endeavour, I want to pay special tribute to his unique blend of high performance leadership and sense of urgency dedicated to serving the long-term interests of iA Financial Group. We thank him for his many years of selfless service, and offer him our best wishes for a long and happy retirement with family and friends."

"Since the day that I joined Industrial Alliance more than three decades ago, I've been given tremendous opportunity to grow personally as well as to participate in the development of an amazing success story that makes me very proud," commented Mr. Chabot. "But the day has come to move on, and I'm looking forward to rekindling some of my old passions like golf and chess, while taking the time to simply enjoy life. On a parting note, I'd like to thank the financial community for all the stimulating discussions that we've had over the years."

Mr. Chabot will be succeeded as chief actuary by Jacques Potvin, a graduate of Universite Laval in actuarial sciences and a 27-year veteran with the company. Currently vice-president and chief risk officer, Mr. Potvin has occupied a variety of functions including corporate actuarial services, individual insurance sales and marketing, internal audit, and capital management. He will assume his new role on Feb. 16, 2018.