iA Financial Corporation Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	31,080	32,690	29,940	26,117	32,893
Investments in Equity & Preferred Securities	4,927	3,873	3,260	3,724	3,525
Policy Loans	-	-	-	-	1,040
Other Investments	1,761	1,509	981	867	938
Total Investments	40,584	41,118	37,950	34,753	42,653
Cash & Equivalents	2,262	1,566	1,379	1,358	1,546
Reinsurance Recoverable	3,287	3,382	2,312	2,048	2,404
Other Receivables	6,028	4,743	4,374	4,038	2,954
Separate Account Assets	63,047	52,575	41,837	37,334	39,577
Property, Plant & Equipment	333	317	320	337	369
Goodwill	1,799	1,490	1,318	1,318	1,267
Other Intangible Assets	2,278	1,964	1,847	1,784	1,708
Other Current Assets	2,116	1,963	2,046	1,291	1,464
Long-Term Deferred Tax Assets	775	459	270	112	27
Long-Term Deferred Charges	43	46	49	46	598
Other Long-Term Assets	256	238	144	9	92
Total Assets	122,808	109,861	93,846	84,428	94,659
Accounts Payable	1,534	1,360	1,381	1,077	1,669
Insurance & Annuity Liabilities	41,778	40,287	37,047	31,613	37,226
Unpaid Claims	3,159	2,959	2,633	2,422	-
Unearned Premiums	-	-	-	-	2,690
Reinsurance Payable	-	-	8	233	293
Current Portion of Long-Term Debt	2	485	175	193	635
Current Portion of Leases	26	21	19	20	21
Short-Term Debt	1,521	1,599	565	1,264	214
Current Income Taxes Payable	415	65	200	115	126
Long-Term Debt	1,502	1,500	1,586	1,763	1,658
Long-Term Leases	113	80	88	90	102
Long-Term Deferred Tax Liabilities	392	327	319	362	441
Separate Account Liability	63,047	52,575	41,837	37,334	39,577
Other Current Liabilities	653	696	561	466	2,465
Other Long-Term Liabilities	197	237	189	177	69
Total Liabilities	114,542	102,394	86,808	77,301	87,414
Common Stock	1,514	1,524	1,603	1,675	1,706
Additional Paid-In Capital	16	16	17	17	17
Retained Earnings	5,732	5,253	5,060	4,889	4,963
Comprehensive Income & Other	4	74	-17	21	34
Total Common Equity	7,266	6,867	6,663	6,602	6,720
Minority Interest	1,000	600	375	525	525
Shareholders' Equity	8,266	7,467	7,038	7,127	7,245
Total Liabilities & Equity	122,808	109,861	93,846	84,428	94,659
Filing Date Shares Outstanding	91.74	93.5	99.64	104.77	107.56
Total Common Shares Outstanding	91.74	93.46	99.64	104.77	107.56
Total Debt	3,164	3,685	2,433	3,330	2,630
Net Cash (Debt)	-902	-2,119	-1,054	-1,972	-1,084
Net Cash Per Share	-9.70	-22.07	-10.23	-18.43	-10.04
Book Value Per Share	79.21	73.48	66.87	63.01	62.48
Tangible Book Value	3,189	3,413	3,498	3,500	3,745
Tangible Book Value Per Share	34.76	36.52	35.11	33.41	34.82
Land	17	37	37	39	48

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.