iA Financial Corporation Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 8.7B | 7.9B | 8.7B | -3.5B | 13.4B |
| Operating Revenue | 8.7B | 7.9B | 8.7B | -3.5B | 13.4B |
| Selling General And Administration | -- | -- | -- | 1.7B | 1.5B |
| General And Administrative Expense | -- | -- | -- | 1.7B | 1.5B |
| Depreciation And Amortization In Income Statement | -- | -- | -- | 220.0M | 199.0M |
| Other Operating Expenses | 2.8B | 2.4B | 2.1B | 2.0B | 1.4B |
| EBIT | 1.4B | 1.3B | 1.1B | 400.0M | 1.2B |
| Interest Expense | 69.0M | 61.0M | 58.0M | 51.0M | 68.0M |
| Interest Expense Non Operating | 69.0M | 61.0M | 58.0M | 51.0M | 68.0M |
| Interest Income | 1.2B | 826.0M | 408.0M | 884.0M | 1.4B |
| Net Interest Income | -69.0M | -67.0M | -66.0M | -57.0M | -77.0M |
| Other Income Expense | 2.2B | 1.8B | 1.6B | 1.6B | 186.0M |
| Special Income Charges | -- | -- | -- | -- | 0.00 |
| Pretax Income | 1.3B | 1.2B | 1.0B | 349.0M | 1.1B |
| Tax Provision | 232.0M | 267.0M | 212.0M | 15.0M | 259.0M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | 1.1B | 962.0M | 789.0M | 334.0M | 859.0M |
| Net Income From Continuing Operation Net Minority Interest | 1.1B | 962.0M | 789.0M | 334.0M | 859.0M |
| Net Income Including Noncontrolling Interests | 1.1B | 962.0M | 789.0M | 334.0M | 859.0M |
| Net Income Common Stockholders | 1.1B | 942.0M | 769.0M | 309.0M | 830.0M |
| Net Income | 1.1B | 962.0M | 789.0M | 334.0M | 859.0M |
| Reconciled Depreciation | 358.0M | 320.0M | 291.0M | 256.0M | 415.0M |
| Basic EPS | -- | 9.81 | 7.51 | 2.90 | 7.73 |
| Diluted EPS | -- | 9.77 | 7.48 | 2.89 | 7.70 |
| Basic Average Shares | -- | 96.0M | 102.0M | 106.0M | 107.0M |
| Diluted Average Shares | -- | 96.0M | 103.0M | 107.0M | 108.0M |
| Total Unusual Items | -- | -- | -- | -- | 0.00 |
| Total Unusual Items Excluding Goodwill | -- | -- | -- | -- | 0.00 |
| Tax Rate For Calcs | 0.17 | 0.22 | 0.21 | 0.04 | 0.23 |
| Normalized Income | 1.1B | 962.0M | 789.0M | 334.0M | 859.0M |
| Amortization | -- | -- | -- | 161.0M | 142.0M |
| Depreciation Income Statement | -- | -- | -- | 59.0M | 57.0M |
| Diluted NI Availto Com Stockholders | 1.1B | 942.0M | 769.0M | 309.0M | 830.0M |
| Impairment Of Capital Assets | -- | -- | -- | -- | 0.00 |
| Loss Adjustment Expense | 3.4B | 3.5B | 5.0B | -6.2B | 6.9B |
| Net Income Continuous Operations | 1.1B | 962.0M | 789.0M | 334.0M | 859.0M |
| Net Non Operating Interest Income Expense | -69.0M | -67.0M | -66.0M | -57.0M | -77.0M |
| Net Policyholder Benefits And Claims | 3.4B | 3.5B | 5.0B | -6.2B | 6.9B |
| Other Gand A | -- | -- | -- | 806.0M | 645.0M |
| Otherunder Preferred Stock Dividend | -- | -- | -- | -42.0M | 7.0M |
| Policyholder Benefits Ceded | 1.3B | 1.3B | 1.3B | 784.0M | 816.0M |
| Policyholder Benefits Gross | 4.7B | 4.8B | 6.3B | -5.4B | 7.7B |
| Preferred Stock Dividends | 43.0M | 20.0M | 20.0M | 25.0M | 22.0M |
| Salaries And Wages | -- | -- | -- | 935.0M | 885.0M |
| Total Expenses | 7.3B | 6.7B | 7.7B | -3.8B | 12.3B |
| Total Other Finance Cost | -- | 6.0M | 8.0M | 6.0M | 9.0M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 2.3B | 1.6B | 1.4B | 1.4B | 1.5B |
| Cash Cash Equivalents And Short Term Investments | 2.3B | 1.6B | 1.4B | 1.4B | 1.5B |
| Other Short Term Investments | -- | -- | -- | 5.0B | 5.4B |
| Accounts Receivable | 2.3B | 1.6B | 1.2B | 935.0M | 1.5B |
| Receivables | 3.0B | 2.0B | 1.6B | 1.4B | 1.8B |
| Prepaid Assets | 141.0M | 137.0M | 80.0M | 69.0M | 69.0M |
| Net PPE | 333.0M | 317.0M | 320.0M | 337.0M | 369.0M |
| Goodwill | 1.8B | 1.5B | 1.3B | 1.3B | 1.3B |
| Goodwill And Other Intangible Assets | 4.1B | 3.5B | 3.2B | 3.1B | 3.0B |
| Other Intangible Assets | 2.3B | 2.0B | 1.8B | 1.8B | 1.7B |
| Investments And Advances | 37.6B | 37.9B | 34.1B | 30.2B | 37.0B |
| Total Assets | 122.8B | 109.9B | 93.8B | 84.4B | 93.6B |
| Accounts Payable | 1.5B | 1.4B | 1.4B | 1.1B | 2.0B |
| Payables | 1.9B | 1.4B | 1.6B | 1.2B | 2.1B |
| Payables And Accrued Expenses | 1.9B | 1.4B | 1.6B | 1.2B | 2.1B |
| Long Term Debt | 1.5B | 2.0B | 1.8B | 2.0B | 1.4B |
| Long Term Debt And Capital Lease Obligation | 1.6B | 2.1B | 1.9B | 2.1B | 1.4B |
| Long Term Capital Lease Obligation | 139.0M | 101.0M | 107.0M | 110.0M | 123.0M |
| Total Liabilities Net Minority Interest | 114.5B | 102.4B | 86.8B | 77.3B | 86.4B |
| Common Stock | 1.5B | 1.5B | 1.6B | 1.7B | 1.7B |
| Capital Stock | 1.9B | 1.5B | 1.7B | 2.2B | 2.2B |
| Additional Paid In Capital | 16.0M | 16.0M | 17.0M | 17.0M | 17.0M |
| Retained Earnings | 5.7B | 5.3B | 5.1B | 4.9B | 5.0B |
| Gains Losses Not Affecting Retained Earnings | 4.0M | 74.0M | -17.0M | 21.0M | -14.0M |
| Other Equity Adjustments | -153.0M | -229.0M | -99.0M | 21.0M | -14.0M |
| Common Stock Equity | 7.9B | 7.5B | 6.9B | 6.6B | 6.7B |
| Stockholders Equity | 8.3B | 7.5B | 7.0B | 7.1B | 7.2B |
| Total Equity Gross Minority Interest | 8.3B | 7.5B | 7.0B | 7.1B | 7.2B |
| Total Capitalization | 9.8B | 9.5B | 8.8B | 9.1B | 8.7B |
| Net Tangible Assets | 4.2B | 4.0B | 3.9B | 4.0B | 4.2B |
| Tangible Book Value | 3.8B | 4.0B | 3.7B | 3.5B | 3.7B |
| Invested Capital | 9.4B | 9.5B | 8.7B | 8.6B | 8.1B |
| Total Debt | 1.6B | 2.1B | 1.9B | 2.1B | 1.4B |
| Net Debt | -- | 419.0M | 382.0M | 598.0M | 747.0M |
| Share Issued | 91.7M | 93.5M | 99.6M | 104.8M | 107.6M |
| Ordinary Shares Number | 91.7M | 93.5M | 99.6M | 104.8M | 107.6M |
| Capital Lease Obligations | 139.0M | 101.0M | 107.0M | 110.0M | 123.0M |
| Defined Pension Benefit | 248.0M | 229.0M | 134.0M | 0.00 | 82.0M |
| Derivative Product Liabilities | 734.0M | 1.1B | 787.0M | 1.5B | 497.0M |
| Employee Benefits | 203.0M | 203.0M | 200.0M | 172.0M | 228.0M |
| Fixed Assets Revaluation Reserve | 3.0M | 3.0M | 25.0M | -- | -- |
| Foreign Currency Translation Adjustments | 154.0M | 300.0M | 57.0M | -- | -- |
| Income Tax Payable | 415.0M | 65.0M | 200.0M | 115.0M | 126.0M |
| Loans Receivable | 2.5B | 2.3B | 2.2B | 2.1B | 3.9B |
| Non Current Deferred Liabilities | 392.0M | 327.0M | 319.0M | 362.0M | 526.0M |
| Non Current Deferred Taxes Liabilities | 392.0M | 327.0M | 319.0M | 362.0M | 526.0M |
| Non Current Pension And Other Postretirement Benefit Plans | 203.0M | 203.0M | 200.0M | 172.0M | 228.0M |
| Other Equity Interest | 600.0M | 600.0M | 250.0M | 6.0M | 48.0M |
| Other Receivables | 277.0M | 232.0M | 203.0M | 191.0M | 155.0M |
| Preferred Shares Number | -- | -- | 5.2M | 11.2M | 21.0M |
| Preferred Stock | 400.0M | 0.00 | 125.0M | 525.0M | 525.0M |
| Preferred Stock Equity | 400.0M | -- | 125.0M | 525.0M | 525.0M |
| Taxes Receivable | 406.0M | 129.0M | 173.0M | 235.0M | 165.0M |
| Total Tax Payable | 415.0M | 65.0M | 200.0M | 115.0M | 126.0M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 2.3B | 1.0B | 1.3B | 613.0M | 185.0M |
| Cash Flow From Continuing Operating Activities | 2.3B | 1.0B | 1.3B | 613.0M | 185.0M |
| Depreciation And Amortization | 358.0M | 320.0M | 291.0M | 256.0M | 415.0M |
| Change In Working Capital | 1.6B | 1.8B | 2.8B | 1.4B | -182.0M |
| Change In Other Working Capital | 1.4B | 1.8B | 1.2B | 1.4B | -- |
| Other Non Cash Items | -1.4B | -2.1B | -492.0M | -11.4B | -2.4B |
| Capital Expenditure | -233.0M | -278.0M | -279.0M | -287.0M | -248.0M |
| Net PPE Purchase And Sale | -233.0M | -278.0M | -279.0M | -287.0M | -248.0M |
| Purchase Of Business | -621.0M | -213.0M | -28.0M | 0.00 | -61.0M |
| Sale Of Business | -- | -- | -- | 0.00 | 15.0M |
| Investing Cash Flow | -854.0M | -491.0M | -307.0M | -287.0M | -294.0M |
| Cash Flow From Continuing Investing Activities | -854.0M | -491.0M | -307.0M | -287.0M | -294.0M |
| Issuance Of Debt | 0.00 | 398.0M | 398.0M | 298.0M | 0.00 |
| Repayment Of Debt | -422.0M | -24.0M | -420.0M | -270.0M | -22.0M |
| Net Issuance Payments Of Debt | -422.0M | 374.0M | -22.0M | 28.0M | -22.0M |
| Issuance Of Capital Stock | 413.0M | 369.0M | 12.0M | 262.0M | 28.0M |
| Repurchase Of Capital Stock | -294.0M | -734.0M | -612.0M | -463.0M | -8.0M |
| Net Common Stock Issuance | -276.0M | -240.0M | -450.0M | 49.0M | 20.0M |
| Common Stock Dividend Paid | -350.0M | -322.0M | -304.0M | -277.0M | -224.0M |
| Common Stock Payments | -294.0M | -609.0M | -462.0M | -213.0M | -8.0M |
| Financing Cash Flow | -778.0M | -397.0M | -1.0B | -525.0M | -294.0M |
| Cash Flow From Continuing Financing Activities | -778.0M | -397.0M | -1.0B | -525.0M | -294.0M |
| Effect Of Exchange Rate Changes | -11.0M | 34.0M | -5.0M | 11.0M | 0.00 |
| Changes In Cash | 707.0M | 153.0M | 26.0M | -199.0M | -403.0M |
| Beginning Cash Position | 1.6B | 1.4B | 1.4B | 1.5B | 1.9B |
| End Cash Position | 2.3B | 1.6B | 1.4B | 1.4B | 1.5B |
| Free Cash Flow | 2.1B | 763.0M | 1.1B | 326.0M | -63.0M |
| Amortization Of Securities | -- | -- | -- | 12.0M | 26.0M |
| Asset Impairment Charge | -- | -- | -- | -- | 0.00 |
| Cash Dividends Paid | -404.0M | -348.0M | -328.0M | -304.0M | -246.0M |
| Common Stock Issuance | 18.0M | 369.0M | 12.0M | 262.0M | 28.0M |
| Depreciation | 358.0M | 320.0M | 291.0M | 256.0M | 415.0M |
| Gain Loss On Investment Securities | -- | -- | -- | -47.0M | -32.0M |
| Gain Loss On Sale Of Business | -- | -- | -- | 0.00 | -12.0M |
| Interest Paid Cff | -71.0M | -58.0M | -59.0M | -48.0M | -46.0M |
| Long Term Debt Issuance | 0.00 | 398.0M | 398.0M | 298.0M | 0.00 |
| Long Term Debt Payments | -422.0M | -24.0M | -420.0M | -270.0M | -22.0M |
| Net Business Purchase And Sale | -621.0M | -213.0M | -28.0M | 0.00 | -46.0M |
| Net Income From Continuing Operations | 1.3B | 1.2B | 1.0B | 349.0M | 1.1B |
| Net Long Term Debt Issuance | -422.0M | 374.0M | -22.0M | 28.0M | -22.0M |
| Net Preferred Stock Issuance | 395.0M | -125.0M | -150.0M | -250.0M | 0.00 |
| Operating Gains Losses | -- | -- | -- | -47.0M | -44.0M |
| Preferred Stock Dividend Paid | -54.0M | -26.0M | -24.0M | -27.0M | -22.0M |
| Preferred Stock Issuance | 395.0M | 0.00 | -- | -- | -- |
| Preferred Stock Payments | 0.00 | -125.0M | -150.0M | -250.0M | 0.00 |
| Taxes Refund Paid | -471.0M | -508.0M | -293.0M | -262.0M | -215.0M |
| Unrealized Gain Loss On Investment Securities | 857.0M | 234.0M | -2.0B | 10.1B | 1.4B |