Website: ia.ca
Head office address (Canada): 1080 Grande Allée West, Quebec City, QC G1K 7M3
Year established: 1892
Ownership structure: publicly traded, Canadian (TSX: IAG); operates under holding company iA Financial Corporation Inc.
Target market/client profile: Canadian individuals, employers, plan sponsors, advisors, brokers, and dealers seeking insurance, group benefits, retirement, and wealth management; also operates in the US
Number of professional staff: more than 10,000 employees
Canadian office locations: Quebec City (head office), Montreal, Brossard, Toronto, Oakville, Scarborough, Halifax (Dartmouth), Winnipeg, Calgary, Edmonton, Vancouver, and Ottawa
iA Financial Group (iA) is a Canadian insurance and wealth management group with operations in the US. The company serves more than 11 million clients through a network of over 50,000 advisors. Its assets under management and administration totalled around $341 billion as at December 31, 2025.
iA dates back to 1892 when Alliance Nationale formed as a mutual aid society for French-Canadian workers in Montreal. Alliance Nationale later merged with Industrial Life Insurance Company in 1987 to create Industrial-Alliance.
Industrial-Alliance ran as a mutual insurer for more than a century before it demutualized and went public in 2000. The company began trading on the Toronto Stock Exchange under the ticker IAG.
The firm took on the iA Financial Group name in 2015 as its business grew beyond traditional insurance. A new holding company, iA Financial Corporation Inc., followed in 2019.
iA Financial Group entered the US market in 2010 and bought Vericity in 2023 for US$170 million. The company has now completed more than 70 acquisitions across Canada and the US since going public.
The group added two more deals in 2025: RF Capital Group for $691 million and Global Warranty. RF Capital alone brought $43.6 billion in AUA to the wealth management division.
iA launched inclusive group insurance coverages in 2024 for gender affirmation and family support. These options give employer groups add-on coverage for fertility, surrogacy, adoption, and gender-affirming care.
President and CEO Denis Ricard said iA Financial Group is targeting 17 percent ROE by 2027. Canadian operations already yield around 18 percent, and the group generates $650 million in organic capital per year.
iA offers group insurance, group savings and retirement, and a range of programs and digital tools across Canada:
iA Financial Group also takes part in industry events and webinars for plan sponsors and brokers. In 2024, the company joined a Benefits and Pensions Monitor (BPM) webinar on inclusive drug plans for diverse workforces.
Denis Ricard is president and CEO of iA Financial Group and has held the role since September 2018. He joined the company in 1985 and rose through actuarial and business development roles over three decades. Ricard holds FCIA and FSA designations from his actuarial training at Université Laval.
Ricard leads iA Financial Group's executive committee:
The board of directors of iA Financial Corporation has 15 members, 14 of whom are independent. The board includes these members as of 2026:
The board oversees strategy, risk, and governance for iA Financial Group and its subsidiaries. Women held 47 percent of board seats as of December 31, 2025.
The company's group plans cover more than 1.7 million Canadians across employer groups of all sizes. The company also serves individuals, retirees, and associations through its personal insurance, wealth management, and special markets divisions.
The company distributes through more than 50,000 advisors and brokers from coast to coast. Its group insurance and group savings offices operate out of seven cities from Halifax to Vancouver.
The special markets division works with professional associations, financial institutions, and alumni groups. These programs sit alongside the company's broader employer group plans.
iA Financial Group published four white papers in 2025 on obesity, menopause, disability, and financial well-being. The group also held 670 information sessions and 11 webinars that reached over 5,000 plan members.
The company says 550,000 people used its financial health tools in 2025. Those tools include a financial health assessment and an educational website open to all plan members.
iA Financial Group has earned workplace, sustainability, and innovation awards in recent years. The company also holds memberships with industry bodies across Canada.
EVP Louis-Philippe Pouliot was named to our Hot List 2024 for top executives in benefits, pensions, and institutional investment. iA Financial Group was also featured in our Service Provider Awards in 2023 as a top benefits and pensions provider in Canada.
iA Financial Group also runs United Way campaigns in Quebec that have raised more than $1 million in a single year. The company also donated $200,000 in 2025 to support research on obesity management and health.
While sovereign debt flare‑ups often start at the periphery, the central locus of systemic risk today lies squarely within the US fiscal–market nexus
The budget includes areas of investments for pension funds
'It's a top priority,' says president and CEO at Monday's investor event
Find out the visionaries recognized on BPM's 'Hot List 2024' for their outstanding contributions to the industry
After a day on the markets, Sébastien Mc Mahon rolls up his sleeves and shreds on his Gibson Les Paul
iA Financial Group experts stress the need for inclusive drug insurance to meet diverse employee needs and boost retention
'It should be normal that we represent and invest in these types of coverages,' VP of client experience at iA says
Explore how integrating EDI into benefit programs can enhance employee health and attract top talent
iA Financial Group will address the issue of inclusivity in healthcare, and more specifically in drug insurance. Speakers will provide an overview of key concepts, best practices and current trends in equity, diversity and inclusion.
'If the insurance industry doesn't upgrade drug insurance model, there's risk the government may do something you don't like'
