iA Financial Corporation Inc
iA Financial Corporation Inc provides life and health insurance products and services in Canada and internationally.
Business. iA Financial Corporation Inc (IAG.TO) is a life and health insurance company headquartered in Canada. The firm operates within the Life & Health Insurance industry, generating revenue primarily through a premium-income model. It is listed on the Toronto Stock Exchange under the ticker symbol IAG.TO. Specific details regarding operating segments and geographic mix are not provided.
Analyst recommendations
8 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
iA Financial Corporation Inc (IAG.TO) is a life and health insurance company headquartered in Canada. The firm operates within the Life & Health Insurance industry, generating revenue primarily through a premium-income model. It is listed on the Toronto Stock Exchange under the ticker symbol IAG.TO. Specific details regarding operating segments and geographic mix are not provided.
iA Financial Corporation Inc maintains a debt-to-equity ratio of 0.21, indicating a relatively conservative capital structure. The company's liquidity position is assessed as medium, with free cash flow of 169 million CAD and operating cash flow of 351 million CAD. However, the company's net cash position is negative after subtracting total debt, which may pose some liquidity risk.
The company's profitability metrics show a return on equity of 3.27% and a return on assets of 0.24%. These figures are below the industry median for life and health insurance companies, suggesting that iA Financial Corporation Inc is underperforming its peers in terms of capital efficiency and asset utilization.
iA Financial Corporation Inc operates primarily in the life and health insurance segment, with no disclosed geographic revenue concentration beyond Canada and international markets. The company's exposure is concentrated in a single business line, which may increase its vulnerability to sector-specific risks.
The company's growth trajectory is modest, with no specific revenue growth projections provided in the current fiscal year or the next fiscal year. Historical revenue data is not available in the provided dataset, making it difficult to assess long-term growth trends.
The company's risk profile includes medium liquidity risk and low dilution potential. The risk assessment indicates that the company has not issued additional shares recently, and there is no indication of near-term dilution pressure. However, the negative net cash position after subtracting total debt suggests that the company may need to access external financing in the future.
Recent events and filings do not show any significant changes in the company's operations or financial strategy. Analysts have provided a mean price target of 179.57 CAD, with a median price target of 181.00 CAD, indicating a generally neutral outlook.
- iA Financial Corporation Inc has a conservative capital structure with a debt-to-equity ratio of 0.21.
- The company's return on equity of 3.27% is below the industry median, indicating underperformance in capital efficiency.
- The company's liquidity position is medium, with a negative net cash position after subtracting total debt.
- Analysts have provided a generally neutral outlook with a mean price target of 179.57 CAD.
- The company's business is concentrated in the life and health insurance segment, increasing its vulnerability to sector-specific risks.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Operating income −11,9% YoY; Net income −11,1% YoY.
- ▍Operating income −11,9% YoY
- ▍Net income −11,1% YoY
- ▍Free cash flow −33,8% YoY
Operating income +8,1% YoY; Net income +13,9% YoY.
- ▍Operating income +8,1% YoY
- ▍Net income +13,9% YoY
- ▍Free cash flow +21,7% YoY
Operating income +22,8% YoY; Net income +21,9% YoY.
- ▍Operating income +22,8% YoY
- ▍Net income +21,9% YoY
- ▍Free cash flow +40,4% YoY
Operating income +186,8% YoY; Net income +136,2% YoY.
- ▍Operating income +186,8% YoY
- ▍Net income +136,2% YoY
- ▍Free cash flow +1 842,3% YoY
Operating income −85,0% YoY; Net income −61,1% YoY.
- ▍Operating income −85,0% YoY
- ▍Net income −61,1% YoY
- ▍Free cash flow −103,4% YoY
Operating income C$2.33B.
- ▍Operating income C$2.33B
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 13,94 |
| Revenue | —no estimate | —no estimate | 1,1B CAD |
| Operating income | —no estimate | —no estimate | 1,3B CAD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- iA Financial Corporation Inc Market data — financials · 2026-05-28
- iA Financial Corporation Inc Market data — analyst estimates · 2026-05-28
- iA Financial Corporation Inc Market data — ESG · 2026-05-28
Ownership & reference
Leadership
- Denis RicardPresident, Chief Executive Officer, Director
- Pierre C. MironExecutive Vice President