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INDICATIVE · SAMPLE DATA
IAG58

iA Financial Corporation Inc

Life & Health InsuranceVerified

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.

30-day price · IAG-1.52 (-8.9%)
Low$15.37High$19.59Close$15.60As of8 Jun, 00:00 UTC
Profile
CompanyiA Financial Corporation Inc
TickerIAG.TO
SectorFinancials
BusinessInsurance
Industry groupInsurance
IndustryLife & Health Insurance
AI analysis

Business. iA Financial Corporation Inc provides life and health insurance products and services in Canada and internationally.

Classification. iA Financial Corporation Inc is classified in the Life & Health Insurance industry under the Financials sector with a confidence level of 0.92.

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.
Key takeaways
  • 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.
  • --
  • # RATIONALES
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Financial snapshot
PeriodHA-latest
CurrencyCAD
Revenue
Gross profit
Operating income$305.0M
Net income$234.0M
R&D
SG&A
D&A
SBC
Operating cash flow$351.0M
CapEx-$58.0M
Free cash flow$169.0M
Total assets$97.41B
Total liabilities$90.25B
Total equity$7.16B
Cash & equivalents
Long-term debt$1.50B
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY-4$2.33B$859.0M$758.0M
FY-3$349.0M$334.0M-$26.0M
FY-2$1.00B$789.0M$453.0M
FY-1$1.23B$962.0M$636.0M
FY0$1.33B$1.10B$774.0M
PeriodGross %Op %Net %FCF %
FY-4
FY-3
FY-2
FY-1
FY0
PeriodAssetsEquityCashDebt
FY-4$94.66B$7.25B
FY-3$84.43B$7.13B
FY-2$93.85B$7.04B
FY-1$109.86B$7.47B
FY0$122.81B$8.27B
PeriodOCFCapExFCFSBC
FY-4$185.0M-$248.0M$758.0M
FY-3$613.0M-$287.0M-$26.0M
FY-2$1.34B-$279.0M$453.0M
FY-1$1.04B-$278.0M$636.0M
FY0$2.34B-$233.0M$774.0M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ-7$305.0M$234.0M$169.0M
FQ-6$266.0M$214.0M$130.0M
FQ-5$389.0M$288.0M$195.0M
FQ-4$269.0M$226.0M$142.0M
FQ-3$241.0M$195.0M$126.0M
FQ-2$370.0M$327.0M$265.0M
FQ-1$480.0M$373.0M$289.0M
FQ0$237.0M$201.0M$94.0M
PeriodGross %Op %Net %FCF %
FQ-7
FQ-6
FQ-5
FQ-4
FQ-3
FQ-2
FQ-1
FQ0
PeriodAssetsEquityCashDebt
FQ-7$97.41B$7.16B
FQ-6$100.46B$7.37B
FQ-5$105.72B$7.33B
FQ-4$109.86B$7.47B
FQ-3$111.68B$7.56B
FQ-2$114.48B$8.05B
FQ-1$119.89B$8.31B
FQ0$122.81B$8.27B
PeriodOCFCapExFCFSBC
FQ-7$351.0M-$58.0M$169.0M
FQ-6$1.20B-$120.0M$130.0M
FQ-5$1.74B-$208.0M$195.0M
FQ-4$1.04B-$278.0M$142.0M
FQ-3$871.0M-$50.0M$126.0M
FQ-2$1.14B-$102.0M$265.0M
FQ-1$1.51B-$163.0M$289.0M
FQ0$2.34B-$233.0M$94.0M
Valuation
Market price
Market cap
Enterprise value
P/E
Reported non-GAAP P/E
EV/Revenue
EV/Op income
EV/OCF
P/B
P/Tangible book
Tangible book$7.16B
Net cash-$1.50B
Current ratio
Debt/Equity0.2
ROA0.2%
ROE3.3%
Cash conversion1.5%
CapEx/Revenue
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Life & Health Insurance · cohort 15 companies
MetricIAGActivity
Op margin12.3% medp25 5.6% · p75 21.6%
Net margin2.9% medp25 0.5% · p75 10.1%
Gross margin28.2% medp25 13.4% · p75 30.5%
CapEx / revenue-2.1% medp25 -8.2% · p75 -1.2%
Debt / equity21.0%27.5% medp25 4.7% · p75 66.5%below median
Observations
IR observations
Mean price target179.57 CAD
Median price target181.00 CAD
High price target193.00 CAD
Low price target167.00 CAD
Mean recommendation2.75 (1=strong buy, 5=strong sell)
Strong-buy count0.00
Buy count2.00
Hold count6.00
Sell count0.00
Strong-sell count0.00
Mean EPS estimate13.94 CAD
Last actual EPS12.96 CAD
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-09 19:05 UTC#5552b72b
Market quoteclose CAD 174.16 · shares 0.09B diluted
no public URL
2026-04-30 02:21 UTC#040fb681
Source: analysis-pipeline (hybrid)Generated: 2026-05-28 04:18 UTCJob: 9207e71e