iA Financial Corporation Inc.

TSX:IAG Stock Report

Market Cap: CA$12.4b

iA Financial Management

Management criteria checks 4/4

iA Financial's CEO is Denis Ricard, appointed in Sep 2018, has a tenure of 6.25 years. total yearly compensation is CA$6.10M, comprised of 16.7% salary and 83.3% bonuses, including company stock and options. directly owns 0.051% of the company’s shares, worth CA$6.35M. The average tenure of the management team and the board of directors is 6 years and 5.5 years respectively.

Key information

Denis Ricard

Chief executive officer

CA$6.1m

Total compensation

CEO salary percentage16.7%
CEO tenure6.3yrs
CEO ownership0.05%
Management average tenure6yrs
Board average tenure5.5yrs

Recent management updates

Recent updates

Little Excitement Around iA Financial Corporation Inc.'s (TSE:IAG) Earnings

Nov 12
Little Excitement Around iA Financial Corporation Inc.'s (TSE:IAG) Earnings

Cautious Investors Not Rewarding iA Financial Corporation Inc.'s (TSE:IAG) Performance Completely

Jun 04
Cautious Investors Not Rewarding iA Financial Corporation Inc.'s (TSE:IAG) Performance Completely

iA Financial's (TSE:IAG) Dividend Will Be CA$0.82

May 14
iA Financial's (TSE:IAG) Dividend Will Be CA$0.82

With EPS Growth And More, iA Financial (TSE:IAG) Makes An Interesting Case

Apr 04
With EPS Growth And More, iA Financial (TSE:IAG) Makes An Interesting Case

iA Financial's (TSE:IAG) Upcoming Dividend Will Be Larger Than Last Year's

Feb 28
iA Financial's (TSE:IAG) Upcoming Dividend Will Be Larger Than Last Year's

The Market Doesn't Like What It Sees From iA Financial Corporation Inc.'s (TSE:IAG) Earnings Yet

Jan 04
The Market Doesn't Like What It Sees From iA Financial Corporation Inc.'s (TSE:IAG) Earnings Yet

CEO Compensation Analysis

How has Denis Ricard's remuneration changed compared to iA Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$970m

Jun 30 2024n/an/a

CA$742m

Mar 31 2024n/an/a

CA$732m

Dec 31 2023CA$6mCA$1m

CA$769m

Sep 30 2023n/an/a

CA$702m

Jun 30 2023n/an/a

CA$648m

Mar 31 2023n/an/a

CA$604m

Dec 31 2022CA$5mCA$980k

CA$309m

Sep 30 2022n/an/a

CA$337m

Jun 30 2022n/an/a

CA$553m

Mar 31 2022n/an/a

CA$632m

Dec 31 2021CA$6mCA$950k

CA$830m

Sep 30 2021n/an/a

CA$793m

Jun 30 2021n/an/a

CA$793m

Mar 31 2021n/an/a

CA$743m

Dec 31 2020CA$7mCA$950k

CA$611m

Sep 30 2020n/an/a

CA$610m

Jun 30 2020n/an/a

CA$577m

Mar 31 2020n/an/a

CA$577m

Dec 31 2019CA$6mCA$843k

CA$687m

Sep 30 2019n/an/a

CA$667m

Jun 30 2019n/an/a

CA$648m

Mar 31 2019n/an/a

CA$625m

Dec 31 2018CA$4mCA$671k

CA$613m

Sep 30 2018n/an/a

CA$594m

Jun 30 2018n/an/a

CA$574m

Mar 31 2018n/an/a

CA$544m

Dec 31 2017CA$2mCA$474k

CA$515m

Compensation vs Market: Denis's total compensation ($USD4.24M) is about average for companies of similar size in the Canadian market ($USD4.15M).

Compensation vs Earnings: Denis's compensation has been consistent with company performance over the past year.

CEO

Denis Ricard (62 yo)

6.3yrs

Tenure

CA$6,099,634

Compensation

Mr. Denis Yves Ricard is Chief Executive Officer, President & Director of iA Financial Corporation Inc. from September 01, 2018. He joined the iA Financial Corporation Inc. in June 1985. He was Chief Opera...

Leadership Team

NamePositionTenureCompensationOwnership
Denis Ricard
CEO, President & Director6.3yrsCA$6.10m0.051%
CA$ 6.4m
Eric Jobin
Executive VP1.3yrsCA$1.40m0.0077%
CA$ 953.3k
Alain Bergeron
Executive VP & Chief Investment Officer5.3yrsCA$2.71m0.00053%
CA$ 65.7k
Pierre Miron
Executive VP & Chief Growth Officer Canadian Operations6.3yrsCA$2.61m0.0052%
CA$ 648.3k
Manon Gauthier
Senior Vice-President of Administrationno datano datano data
Marie-Annick Bonneau
Head of Investor Relations5.7yrsno datano data
Pierre Picard
Manager of Public Relationsno datano datano data
Gary Coles
Senior Vice President of Administration & Group Insuranceno datano datano data
Paul Grimes
Senior VP of Distribution Independent Advisor Network Individual Insurance19.9yrsno datano data
Alnoor Jiwani
Senior Vice President of Business Development & Finance Dealer Servicesno datano datano data
Renee Laflamme
Executive Vice President of Individual Insurance9.4yrsCA$2.01m0.012%
CA$ 1.5m
David Chapman
Chief Operating Officer of Investia Financial Services Inc3.4yrsno datano data

6.0yrs

Average Tenure

62yo

Average Age

Experienced Management: IAG's management team is seasoned and experienced (6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Denis Ricard
CEO, President & Director6.3yrsCA$6.10m0.051%
CA$ 6.4m
Monique Mercier
Independent Director5.6yrsCA$187.50k0.000020%
CA$ 2.5k
Marc Poulin
Independent Director6.6yrsCA$197.55k0.0037%
CA$ 463.6k
Ouma Sananikone-Fletcher
Independent Director2.6yrsCA$230.18kno data
William Chinery
Independent Director3.6yrsCA$167.50kno data
Ginette Maille
Independent Director5.4yrsCA$172.50kno data
Benoit Daignault
Independent Director5.6yrsCA$182.50k0.0016%
CA$ 198.3k
Ludwig Willisch
Independent Director3.4yrsCA$266.94kno data
Suzanne Rancourt
Independent Director3.6yrsCA$192.50k0.0036%
CA$ 450.0k
Jacques Martin
Independent Chairman13.9yrsCA$458.41k0.012%
CA$ 1.5m
Emma Griffin
Independent Director8.6yrsCA$202.00k0.00059%
CA$ 73.1k
Rebecca Schechter
Independent Director2.6yrsCA$236.87kno data

5.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: IAG's board of directors are considered experienced (5.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 12:06
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

iA Financial Corporation Inc. is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tom MacKinnonBMO Capital Markets Equity Research
Dennis WestfallBofA Global Research
Scott ChanCanaccord Genuity