iA Financial Corporation Inc. (T:IAG)
Business Focus: Life Insurance
| Sector: Financials | Industry: Life & Health Insurance |
| Company Contact | |
| Address: | 1080 Grande Allee W QUEBEC QC G1K 7M3 |
| Tel: | N/A |
| Website: | https://ia.ca/investorrelations |
| 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 | Stephan Bourbonnais Executive Vice President - Wealth Management |
| Eric Jobin Executive Vice President - Operational Efficiency | Renee Laflamme Executive Vice President - Individual Insurance, Savings and Retirement | Pierre C. Miron Executive Vice President, Chief Transformation Officer | Sean O'Brien Executive Vice President - Group Benefits and Retirement |
| Business Overview |
| iA Financial Corporation Inc. is a holding company, which offers a range of life and health insurance products and other financial products and services. The Company's segments include Insurance, Canada; Wealth Management; US Operations; Investment; and Corporate. The Insurance, Canada segment includes life and health insurance products, auto and home insurance products, creditor insurance, replacement insurance and warranties, extended warranties and other ancillary products for dealer services, and specialized products for special markets. The Wealth Management segment offers products and services for savings plans, retirement funds, and segregated funds. The US Operations segment includes various insurance products sold in the United States such as life insurance products and extended warranties relating to dealer services. The Investment segment is engaged in the investment and financing activities of the Company, except the investment activities of wealth distribution affiliates. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, iA Financial Corporation Inc revenues increased 26% to C$8.08B. Net income applicable to common stockholders increased from C$309M to C$769M. Revenues reflect Insurance Canada segment increase of 13% to C$442M, Wealth Management segment increase of 17% to C$282M. Dividend per share increased from C$2.60 to C$2.97. |
| Employees: | 8,900 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $9,189M as of Dec 31, 2023 |
| Annual revenue (TTM): | $8,084M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,358M as of Dec 31, 2023 |
| Net annual income (TTM): | $769.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $735.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $120.00M as of Dec 31, 2023 |
| Shares outstanding: | 98,350,869 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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