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iA Financial Corporation Inc. (T:IAG)

Business Focus: Investment Management & Fund Operators (NEC)

Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEDAR
Company Contact
Address: 1080 Grande Allee W
Tel: N/A
IR: See website
Key People
Denis Ricard
President, Chief Executive Officer, Director
Lilia M. Sham
Executive Vice President - Corporate Strategy and Development
Jacques Potvin
Chief Financial Officer, Executive Vice President, Chief Actuary
Alain Bergeron
Executive Vice President, Chief Investment Officer
Philippe Sarfati
Executive Vice President, Chief Risk Officer
Francois Blais
Executive Vice President - Dealer Services and Special Risks
Eric Jobin
Executive Vice President - Group Benefits and Retirement Solutions
Renee Laflamme
Executive Vice President - Individual Insurance, Savings and Retirement
Pierre C. Miron
Executive Vice President - Information Technology and Investment Operations
Sean O'Brien
Executive Vice President - Wealth Management
Business Overview
iA Financial Corporation Inc is a Canada-based insurance and wealth management company. The Company and its subsidiaries offer a range of life and health insurance products, savings and retirement plans, mutual funds, securities, mortgages, auto and home insurance, creditor insurance, replacement insurance, replacement warranties, extended warranties and other ancillary products for dealer services and other financial products and services. The Company's products and services are offered on both an individual and group basis and extend throughout Canada and the United States. The Company operates through five segments, such as Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement and US Operations. The Company's other services include Auto and home insurance products. The Company's Individual Insurance segment offers life, health, disability and mortgage insurance products.
Financial Overview
For the six months ended 30 June 2022, iA Financial Corporation Inc revenues increased 7% to C$8.64B. Net income applicable to common stockholders decreased 8% to C$373M. Revenues reflect Individual Wealth Management segment increase of 3% to C$3.69B, Group Insurance segment increase of 2% to C$921M. Net income was offset by Change in fair value of investments increase from C$2.5B to C$8.32B (expense).
Employees: 8,300 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $8,588M as of Jun 30, 2022
Annual revenue (TTM): $17,275M as of Jun 30, 2022
EBITDA (TTM): $8,748M as of Jun 30, 2022
Net annual income (TTM): $799.00M as of Jun 30, 2022
Free cash flow (TTM): $205.00M as of Jun 30, 2022
Net Debt Last Fiscal Year: $633.00M as of Jun 30, 2022
Shares outstanding: 105,669,563 as of Sep 8, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization