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⚠️ Not investment advice. Past performance does not guarantee future results.
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iA Financial IAG.TO

Canada Financial Services
6.1/10
AI Analyst score
209.85 CAD
Last price at analysis date · analyst target 219.29 (+4.5%)
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🟡 HOLD — Hold or accumulate on pullbacks, given sustained growth and wealth management expansion, although valuation is no longer a bargain after the strong rally.

iA Financial Corporation is a Canadian insurer and wealth manager offering life and health insurance, savings products, and asset management to individual and group clients. iA Financial shows solid growth (revenue +19%, earnings +24.8%) supported by strategic expansion in wealth management and EPS guidance above 10%, with adequate financial health (ROE 13.88%) and reasonable valuation (forward P/E 13.28).

Financial health
5.2
Quality / Moat
6.1
Valuation
3.6
Growth
8.3
Dividend
6.4
Momentum
7.8
Risk & Context
7.6

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E18.04
Fwd P/E13.28
EV/EBITDA11.77
P/B2.60
P/S1.85
PEG1.13
Market cap18.55 B CAD
Enterprise value21.32 B CAD
🏰 Quality and moat
ROIC (approx.)15.0%
Gross margin47.02%
FCF conversion68%
Operating margin17.48%
📈 Profitability and margins
ROE13.88%
ROA0.78%
Net margin11.23%
FCF1.23 B CAD
FCF yield6.62%
🏦 Solvency and liquidity
Total debt4.56 B CAD
Net debt1.77 B CAD
Cash2.79 B CAD
EBITDA1.81 B CAD
Net debt / EBITDA0.98
D/E56.17
Current ratio2.06
Quick ratio0.84
🚀 Growth
Revenue growth19.00%
Earnings growth24.80%
EPS (TTM)11.63 CAD
EPS (Fwd)15.80 CAD
💰 Dividend and risk
Dividend yield2.10%
Payout35.0%
Beta0.70
Analyst consensusHold (7)
Target price219.29 CAD
52-week range145.44 CAD – 223.72 CAD
⚠️ Main risk: Exposure to interest rates and capital markets, which could compress investment margins and affect the valuation of the insurer's assets.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

iA Financial Corporation is a Canadian insurer and wealth manager offering life and health insurance, savings products, and asset management to individual and group clients. iA Financial shows solid growth (revenue +19%, earnings +24.8%) supported by strategic expansion in wealth management and EPS guidance above 10%, with adequate financial health (ROE 13.88%) and reasonable valuation (forward P/E 13.28).

Score by category

CategoryScore
Financial health5.2
Quality / Moat6.1
Valuation3.6
Growth8.3
Dividend6.4
Momentum7.8
Risk & Context7.6

OVERALL SCORE: 6.1/10

Context and risks

Moderate governance/regulatory risk in Canada, with active financial supervision. Interest rate exposure is relevant for an insurer, but the engine already modulates this factor by duration and leverage.

News considered in the analysis

  • iA Financial Sees 10%+ EPS Growth as $1.1B Capital Bolsters Wealth Push — Guía de crecimiento de EPS superior al 10% respaldada por 1.100 millones de dólares en capital para impulsar la gestión de patrimonios; refuerza las perspectivas de crecimiento.
  • Can iA Financial (TSX:IAG) Trade At A Discount After Its 233% Run? — Artículo de análisis sobre valoración tras una fuerte revalorización; sin información nueva material.
  • iA Financial (TSX:IAG) Expands Its Wealth Management Reach With RF Capital Acquisition — Adquisición de RF Capital para expandir la gestión de patrimonios; movimiento estratégico que amplía su base de activos y clientes.
  • iA Financial Q2 Earnings Call Highlights — Resumen de la llamada de resultados del segundo trimestre; información ya reflejada en el precio.
  • iA Financial Corp Inc (IAFNF) (Q2 2026) Earnings Call Highlights: Core EPS Rises 5% to $3. ... — El BPA subyacente sube un 5% en el segundo trimestre; resultado positivo pero ya conocido y descontado.

Verdict: Hold or accumulate on pullbacks, given sustained growth and wealth management expansion, although valuation is no longer a bargain after the strong rally.

Main risk: Exposure to interest rates and capital markets, which could compress investment margins and affect the valuation of the insurer's assets.

Other Financial Services companies

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.