iA Financial Corporation Cash Flow Statement

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
Net Income	1,328	1,229	1,001	349	1,118
Depreciation & Amortization	358	320	291	256	415
Other Adjustments	172	388	559	1,055	1,379
Changes in Reinsurance Contract Assets	-237	-767	-384	-319	-203
Changes in Claims Reserves	1,588	2,541	1,626	1,756	19
Changes in Other Operating Activities	-870	-2,670	-1,751	-2,484	-2,543
Operating Cash Flow	2,339	1,041	1,342	613	185
Operating Cash Flow Growth	124.69%	-22.43%	118.92%	231.35%	-90.05%
Capital Expenditures	-233	-278	-279	-287	-248
Payments for Business Acquisitions	-621	-213	-28	-	-61
Proceeds from Business Divestments	-	-	-	-	15
Investing Cash Flow	-854	-491	-307	-287	-294
Long-Term Debt Issued	-	398	398	298	-
Long-Term Debt Repaid	-400	-4	-400	-250	-
Net Long-Term Debt Issued (Repaid)	-400	394	-2	48	-
Issuance of Common Stock	18	24	12	16	28
Repurchase of Common Stock	-294	-609	-462	-213	-8
Net Common Stock Issued (Repurchased)	-276	-585	-450	-197	20
Issuance of Preferred Stock	395	-	-	-	-
Repurchase of Preferred Stock	-	-125	-150	-250	-
Net Preferred Stock Issued (Repurchased)	395	-125	-150	-250	-
Common Dividends Paid	-350	-322	-304	-277	-224
Other Financing Activities	-147	241	-103	151	-90
Financing Cash Flow	-778	-397	-1,009	-525	-294
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-11	34	-5	11	-
Net Cash Flow	696	187	21	-188	-403
Free Cash Flow	2,106	763	1,063	326	-63
Free Cash Flow Growth	176.02%	-28.22%	226.07%	-	-
FCF Margin	19.68%	8.15%	12.31%	4.88%	-0.41%
Free Cash Flow Per Share	22.65	7.95	10.32	3.05	-0.58
Levered Free Cash Flow	-329	-2,059	-1,356	-2,477	-1,749
Unlevered Free Cash Flow	114	-2,433	-798.02	-2,500	-1,720

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.