iA Financial Corporation Inc

IAG

Equity

ISIN null / Valor 45683256

Toronto Stock Exchange (2026-07-31)

CAD 207.27-0.27%

iA Financial Corporation Inc
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About company

iA Financial Corporation Inc, established in 1892, is a prominent Canadian entity in the insurance and wealth management sectors, with a significant presence in both Canada and the United States. As a publicly traded company on the Toronto Stock Exchange under the ticker symbol IAG, it has demonstrated substantial growth since its listing in 2000. The company offers a diverse range of financial products and services, including life and health insurance, savings and retirement plans, mutual and segregated funds, securities, auto and home insurance, and other financial advisory services. iA Financial Corporation Inc is recognized for its comprehensive approach to financial security, catering to both individual and group clients, and is a key player in the North American financial services industry.

Summarized from source with an LLMView SourceSector: Finance

Earnings & profitability

Core diluted EPS: $3.10 in Q4/2025 (2% vs Q4/2024); full‑year core EPS $12.96 (+16% YoY). Reported diluted EPS: $1.97 in Q4; full‑year $11.29 (+16% YoY). Trailing‑12‑month core ROE 17.1% (ROE 14.9%).

Net income and segment results

Q4 net income attributed to common shareholders was $182M (Q4/2024: $220M). Core earnings by segment (Q4): Insurance Canada $105M, Wealth Management $127M, US Operations $30M, Investment $91M, Corporate loss $66M; consolidated core earnings $287M.

Capital, solvency and capital generation

Solvency ratio 133% at Dec 31, 2025 (137% pro forma for CARLI revision); financial leverage ~16.3%. Organic capital generation was $170M in Q4 and $665M for 2025 (meeting the $650M+ target). Capital available for deployment was $1.1B ($1.4B pro forma considering AMF CARLI changes).

Business growth & sales momentum

Strong commercial momentum in Q4: record Canadian Individual Insurance sales of $111M, very strong net fund inflows of ~$1.2B, Dealer Services sales $183M, iA Auto & Home direct written premiums $146M. Net premiums, premium equivalents and deposits > $5.9B in Q4 (+4% YoY).

Wealth and AUM/AUA

Assets under management and administration reached $341.1B at Dec 31, 2025 (up 31% YoY), driven by segregated fund inflows, favourable markets and the RF Capital acquisition; Wealth segment core earnings grew 13% YoY in Q4.

Acquisition and M&A

Closed acquisition of RF Capital Group on Oct 31, 2025 for ~$691M (final). Management describes RF Capital as accretive and performing ahead of expectations; the deal added ~$43.6B AUA and 142 advisor teams.

Capital deployment & shareholder returns

Share buybacks: repurchased and cancelled 687,475 shares in Q4 for $115M; NCIB renewed (up to ~4.6M shares Nov 14, 2025–Nov 13, 2026). Quarterly dividend maintained at $0.9900 per share; core dividend payout ratio ~32% in Q4 (target 25–35%).

Strategy, targets & operations

Company moved forward its 17%+ core ROE target to 2026 and raised 2026 organic capital generation target to $700M+. Operational highlights include EVO Insurance web launch (digital advisor platform) and a partnership with Empathy for bereavement support.

Summarized from source with an LLMView Source

Key figures

52.8%1Y

127%3Y

200%5Y

Performance

24.7%1Y

24.4%3Y

24.5%5Y

Volatility