iA Financial Corporation Inc (IAG) - Net Assets

Latest as of December 2025: CA$8.27 Billion CAD ≈ $5.98 Billion USD

Based on the latest financial reports, iA Financial Corporation Inc (IAG) has net assets worth CA$8.27 Billion CAD (≈ $5.98 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$122.81 Billion ≈ $88.84 Billion USD) and total liabilities (CA$114.54 Billion ≈ $82.86 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check IAG cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$8.27 Billion
% of Total Assets	6.73%
Annual Growth Rate	9.8%
5-Year Change	14.09%
10-Year Change	73.47%
Growth Volatility	6.23

iA Financial Corporation Inc - Net Assets Trend (1999–2025)

This chart illustrates how iA Financial Corporation Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of iA Financial Corporation Inc for the complete picture of this company's asset base.

Annual Net Assets for iA Financial Corporation Inc (1999–2025)

The table below shows the annual net assets of iA Financial Corporation Inc from 1999 to 2025. For live valuation and market cap data, see iA Financial Corporation Inc market capitalisation.

Year	Net Assets	Change
2025-12-31	CA$8.27 Billion ≈ $5.98 Billion	+10.70%
2024-12-31	CA$7.47 Billion ≈ $5.40 Billion	+6.10%
2023-12-31	CA$7.04 Billion ≈ $5.09 Billion	-1.43%
2022-12-31	CA$7.14 Billion ≈ $5.16 Billion	-1.45%
2021-12-31	CA$7.25 Billion ≈ $5.24 Billion	+11.24%
2020-12-31	CA$6.51 Billion ≈ $4.71 Billion	+6.25%
2019-12-31	CA$6.13 Billion ≈ $4.43 Billion	+7.21%
2018-12-31	CA$5.72 Billion ≈ $4.14 Billion	+11.33%
2017-12-31	CA$5.14 Billion ≈ $3.72 Billion	+7.79%
2016-12-31	CA$4.76 Billion ≈ $3.45 Billion	+13.89%
2015-12-31	CA$4.18 Billion ≈ $3.03 Billion	+6.33%
2014-12-31	CA$3.94 Billion ≈ $2.85 Billion	+7.28%
2013-12-31	CA$3.67 Billion ≈ $2.65 Billion	+11.29%
2012-12-31	CA$3.30 Billion ≈ $2.38 Billion	+18.77%
2011-12-31	CA$2.77 Billion ≈ $2.01 Billion	+8.31%
2010-12-31	CA$2.56 Billion ≈ $1.85 Billion	+18.72%
2009-12-31	CA$2.16 Billion ≈ $1.56 Billion	+16.15%
2008-12-31	CA$1.86 Billion ≈ $1.34 Billion	+3.28%
2007-12-31	CA$1.80 Billion ≈ $1.30 Billion	+11.61%
2006-12-31	CA$1.61 Billion ≈ $1.17 Billion	+18.41%
2005-12-31	CA$1.36 Billion ≈ $984.67 Million	+12.17%
2004-12-31	CA$1.21 Billion ≈ $877.83 Million	+2.24%
2003-12-31	CA$1.19 Billion ≈ $858.59 Million	+26.54%
2002-12-31	CA$938.00 Million ≈ $678.53 Million	+8.46%
2001-12-31	CA$864.80 Million ≈ $625.58 Million	+11.09%
2000-12-31	CA$778.50 Million ≈ $563.15 Million	+6.95%
1999-12-31	CA$727.90 Million ≈ $526.55 Million	--

Equity Component Analysis

This analysis shows how different components contribute to iA Financial Corporation Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 904.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CA$5.73 Billion	69.34%
Common Stock	CA$1.51 Billion	18.32%
Other Comprehensive Income	CA$4.00 Million	0.05%
Other Components	CA$1.02 Billion	12.29%
Total Equity	CA$8.27 Billion	100.00%

iA Financial Corporation Inc Competitors by Market Cap

The table below lists competitors of iA Financial Corporation Inc ranked by their market capitalization.

Company	Market Cap
Gen Digital Inc. NASDAQ:GEN	$11.73 Billion
ASAHI KASEI CORP. ADR/2 F:ASA	$11.73 Billion
Hormel Foods Corporation NYSE:HRL	$11.73 Billion
Inner Mongolia Dazhong Mining Co Ltd SHE:001203	$11.74 Billion
SINGAPORE EX.UNSP.ADR/15 F:SOUU	$11.70 Billion
Turkiye Petrol Rafinerileri AS IS:TUPRS	$11.70 Billion
Indus Towers Limited NSE:INDUSTOWER	$11.69 Billion
RENTOKIL INITIAL ADR/5 F:RTO	$11.68 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in iA Financial Corporation Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 7,467,000,000 to 8,266,000,000, a change of 799,000,000 (10.7%).
Net income of 1,096,000,000 contributed positively to equity growth.
Dividend payments of 404,000,000 reduced retained earnings.
Share repurchases of 294,000,000 reduced equity.
New share issuances of 413,000,000 increased equity.
Other comprehensive income decreased equity by 70,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$1.10 Billion	+13.26%
Dividends Paid	CA$404.00 Million	-4.89%
Share Repurchases	CA$294.00 Million	-3.56%
Share Issuances	CA$413.00 Million	+5.0%
Other Comprehensive Income	CA$-70.00 Million	-0.85%
Other Changes	CA$58.00 Million	+0.7%
Total Change	CA$-	10.70%

Book Value vs Market Value Analysis

This analysis compares iA Financial Corporation Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.99x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 22.77x to 1.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1998-12-31	CA$7.76	CA$176.75	x
1999-12-31	CA$9.69	CA$176.75	x
2000-12-31	CA$10.28	CA$176.75	x
2001-12-31	CA$11.44	CA$176.75	x
2002-12-31	CA$12.38	CA$176.75	x
2003-12-31	CA$13.14	CA$176.75	x
2004-12-31	CA$15.26	CA$176.75	x
2005-12-31	CA$16.99	CA$176.75	x
2006-12-31	CA$19.80	CA$176.75	x
2007-12-31	CA$22.18	CA$176.75	x
2008-12-31	CA$22.95	CA$176.75	x
2009-12-31	CA$26.74	CA$176.75	x
2010-12-31	CA$29.00	CA$176.75	x
2011-12-31	CA$30.00	CA$176.75	x
2012-12-31	CA$34.26	CA$176.75	x
2013-12-31	CA$37.47	CA$176.75	x
2014-12-31	CA$39.04	CA$176.75	x
2015-12-31	CA$41.02	CA$176.75	x
2016-12-31	CA$46.08	CA$176.75	x
2017-12-31	CA$48.00	CA$176.75	x
2018-12-31	CA$51.98	CA$176.75	x
2019-12-31	CA$57.29	CA$176.75	x
2020-12-31	CA$60.87	CA$176.75	x
2021-12-31	CA$67.08	CA$176.75	x
2022-12-31	CA$66.73	CA$176.75	x
2023-12-31	CA$68.33	CA$176.75	x
2024-12-31	CA$77.78	CA$176.75	x
2025-12-31	CA$88.88	CA$176.75	x

Capital Efficiency Dashboard

This dashboard shows how efficiently iA Financial Corporation Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 13.26%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.69%
• Asset Turnover: 0.09x
• Equity Multiplier: 14.86x
Recent ROE (13.26%) is above the historical average (10.83%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1998	11.95%	11.65%	0.00x	0.00x	CA$11.38 Million
1999	11.46%	2.96%	0.29x	13.27x	CA$10.61 Million
2000	12.95%	3.44%	0.34x	11.03x	CA$22.95 Million
2001	12.33%	3.93%	0.31x	10.28x	CA$20.12 Million
2002	11.03%	3.59%	0.31x	9.90x	CA$9.70 Million
2003	13.53%	4.19%	0.33x	9.94x	CA$36.61 Million
2004	13.12%	4.33%	0.33x	9.11x	CA$37.85 Million
2005	9.89%	3.34%	0.34x	8.80x	CA$-1.52 Million
2006	14.33%	4.68%	0.38x	8.12x	CA$69.82 Million
2007	13.79%	4.99%	0.33x	8.40x	CA$68.10 Million
2008	3.88%	1.61%	0.29x	8.30x	CA$-113.80 Million
2009	10.19%	3.78%	0.33x	8.17x	CA$4.20 Million
2010	10.77%	3.94%	0.35x	7.85x	CA$19.80 Million
2011	5.08%	1.75%	0.21x	13.49x	CA$-136.50 Million
2012	10.22%	4.51%	0.18x	12.67x	CA$7.40 Million
2013	10.58%	6.44%	0.14x	12.00x	CA$21.20 Million
2014	11.05%	4.49%	0.19x	12.79x	CA$41.50 Million
2015	9.13%	4.64%	0.16x	12.65x	CA$-36.40 Million
2016	11.50%	5.85%	0.16x	11.97x	CA$71.50 Million
2017	10.38%	4.72%	0.18x	12.05x	CA$19.40 Million
2018	11.16%	6.42%	0.16x	11.11x	CA$66.20 Million
2019	11.40%	4.57%	0.21x	11.93x	CA$86.00 Million
2020	9.70%	3.57%	0.20x	13.28x	CA$-19.30 Million
2021	11.86%	6.41%	0.14x	13.07x	CA$134.50 Million
2022	4.68%	0.00%	-0.04x	12.24x	CA$-380.00 Million
2023	11.21%	9.06%	0.09x	13.33x	CA$85.20 Million
2024	12.88%	12.13%	0.07x	14.71x	CA$215.30 Million
2025	13.26%	9.69%	0.09x	14.86x	CA$269.40 Million

Industry Comparison

This section compares iA Financial Corporation Inc's net assets metrics with peer companies in the Insurance - Diversified industry.

Industry Context

Industry: Insurance - Diversified
Average net assets among peers: $3,040,716,530
Average return on equity (ROE) among peers: -23.76%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
iA Financial Corporation Inc (IAG)	CA$8.27 Billion	11.95%	13.86x	$11.73 Billion
Sun Life Financial Inc. (SLF)	$6.08 Billion	0.89%	14.35x	$39.38 Billion
Western Investment Company of Canada Limited (WI)	$433.06K	-48.41%	0.10x	$111.46 Million

About iA Financial Corporation Inc

TO:IAG Canada Insurance - Diversified

Market Cap

$11.73 Billion

CA$16.21 Billion CAD

Market Cap Rank

#1983 Global

#69 in Canada

Share Price

CA$176.75

Change (1 day)

+1.10%

52-Week Range

CA$132.99 - CA$181.90

All Time High

CA$181.90