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    Insurance - Diversified
iA Financial Corporation Inc.

iA Financial Corporation Inc.

IAG.TO
iA Financial Corporation Inc.CA flagToronto Stock Exchange
203.19
CAD
-0.68
- -
18.14BMarket Cap
iA Financial Corporation Inc.
IAG.TO
(Toronto Stock Exchange)

Recent

price

203.19

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
84.27
93.54
82.55
61.97
96.9
81.25
90.91
106.58
91.18
143.04
165.28
125.21
-33.02
85.38
82.58
93.15
86.08
Revenue per Share
3.04
1.36
3.39
3.63
4.06
3.59
5.16
4.88
5.66
6.33
5.7
7.82
2.92
7.54
9.81
11.32
10.88
Basic EPS, GAAP
9.05
11.32
4.99
-2.01
0.79
4.63
-1.83
4.92
1.97
2.5
15.73
1.73
5.78
13.16
10.84
25.15
19.45
Free Cash Flow per Basic Share
1.25
1.26
1.25
1.06
0.94
0.89
1.42
1.58
1.78
1.96
2.15
2.3
2.87
3.22
3.62
4.34
4.44
Dividend per Share
29.81
26.54
26.85
31.29
33.29
36.34
41.67
43.34
46.74
51.3
54.62
62.29
61.92
65.32
70.59
77.91
76.43
Book Value per Share
23.64
20.76
21.25
23.61
26.33
28.13
33.18
32.07
32.01
36.35
29.37
34.64
33.02
36.75
41.8
40.74
39.2
Tangible Book Value per Share
83
86
91
97
100
101
103
106
109
107
107
107
106
102
96
93
92
Basic Weighted Avg Shares
7,005
8,035
7,479
6,023
9,680
8,239
9,364
11,298
9,939
15,305
17,685
13,398
-3,500
8,709
7,928
8,663
7,941
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
52
58
57
56
65
99
111
122
173
210
287
415
256
291
320
358
376
Depreciation Expense
276
141
337
388
435
382
548
533
638
699
632
859
334
789
962
1,096
1,047
Net Income, GAAP
21.75
- -
24.44
20.98
- -
9.26
21.04
21.96
22.1
21.2
17.06
23.17
4.3
21.18
21.72
17.47
21.51
Effective Tax Rate (%)
3.94
1.75
4.51
6.44
4.49
4.64
5.85
4.72
6.42
4.57
3.57
6.41
-9.54
9.06
12.13
12.65
13.18
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
499
802
785
537
634
868
995
996
901
1,261
1,665
1,450
2,066
1,868
2,086
1,643
1,497
LT Debt
2,528
2,834
3,214
3,668
3,935
4,184
4,765
5,078
5,718
6,130
6,513
7,207
7,127
7,038
7,467
8,266
8,109
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
10.6
- -
10.03
10.39
10.95
9.05
11.18
9.91
10.91
10.76
9
10.93
4.3
9.37
11.53
12.7
12.71
Return on Capital (%)
10.97
4.92
13.03
12.9
12.75
10.38
13.31
11.64
12.74
12.79
10.77
13.38
4.67
11.63
14.02
15.02
14.42
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
1,496
1,504
1,497
LT Finance Leases
- -
139
- -
Preferred Equity and Hybrid Capital
1,000
400
400
Shares Outstanding
92
92
90
Market Capitalization
14,715
16,494
14,242

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
2,324
2,262
2,208
Accounts Receivable, Net
- -
2,336
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
1,949
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.16%
5.02%
10.7%
Free Cash Flow
34.02%
72.7%
124.69%
Net Income, GAAP
20.73%
29.38%
13.93%
Sales/Revenue/Turnover
-40.71%
-99.78%
9.27%
Total Cash Common Dividend
18.93%
11.84%
10.06%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,406
1,812
4,420
-142
7,928
2025
2,720
1,721
3,389
347
8,663
2026
2,484
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.35
2.12
3.01
- -
9.81
2025
2
3.45
3.91
1.98
11.32
2026
1.51
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.83
0.92
0.89
- -
3.62
2025
1.03
0.99
1.11
1.23
4.34
2026
1.12
- -
- -
- -
- -
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Business
iA Financial Corporation Inc. (TSX: IAG) operates as a holding company providing life and health insurance products; savings and retirement plans including RRSPs, TFSAs, FHSAs, RRIFs, LIFs, annuities, and RESPs; mutual funds, segregated funds, and securities; individual wealth management services through iA Wealth branded subsidiaries such as Investia Financial Services Inc. and PPI Management Inc.; group insurance encompassing employee plans, dealer services, and special markets solutions; group savings and retirement products; property and casualty insurance including auto, home, and extended warranties via iA Auto and Home; as well as U.S. operations offering individual insurance, annuities, accident and health coverage, service contracts, guaranteed asset protection, and automotive warranties through subsidiaries like IA American Holdings Inc., American-Amicable Life Insurance Company of Texas, and Dealers Assurance Company. The company serves individuals, businesses, high-net-worth clients, associations, and professional organizations across Canada and the United States, with headquarters in Quebec City, Quebec, and operations in multiple Canadian provinces and U.S. states including Texas, New Mexico, and others; founded in 1892 as Industrial Alliance Insurance and Financial Services Inc., it restructured into its current holding company form in 2019. Recent developments include the October 2025 completion of the acquisition of RF Capital Group Inc., adding over C$43.6 billion in assets under administration from Richardson Wealth and expanding iA Wealth's client base to more than 500,000 with 1,450 advisor teams; the June 2024 acquisition of Vericity Inc., incorporating over 400 U.S.-based employees into individual insurance operations; the September 2025 launch of the "Get Ahead" brand signature alongside technology enhancements like the EVO sales platform and AX360 for advisors; and a December 2024 issuance of C$400 million in subordinated debentures.