iA Financial - M&A Summary and Business Overview

InsuranceCompany

iA Financial M&A Summary

iA Financial has acquired 6 companies, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms.

iA Financial’s largest acquisition to date was in 2023, when it acquired Vericity for $170M. iA Financial has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include insurance (60%) and financial services (20%).

iA Financial Business Overview

Where is iA Financial headquartered?

iA Financial is headquartered in Quebec City, Quebec.

What is iA Financial’s revenue?

iA Financial disclosed revenue of 5,257M CAD for 2023 and 13,398M CAD for 2021.

How many employees does iA Financial have?

iA Financial has 7,000 employees.

What sector is iA Financial in?

iA Financial is an insurance company.

When was iA Financial founded?

iA Financial was founded in 1892.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4

iA Financial

iA Financial Corporation Inc.

1080 Grande Allee West, Station Terminus PO Box 1907,
Quebec City, Quebec G1K 7M3
Canada,
(418) 684-5000
www.ia.ca

iA Financial a life and health insurance company, operates in the insurance and financial services sectors. iA Financial was incorporated in 1892 and is based in Quebec, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 3 1 - - 1 - 5
vol $143M $170M $313M
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
Vericity, Inc. 2023-10-03 170M USD Add-on Acquisition
Chicago, Illinois
Innovative Aftermarket Systems LP 2020-05-26 - Add-on Acquisition
Austin, Texas · www.iasdirect.com
Groupe PPP ltée 2016-11-21 - Add-on Acquisition
Quebec City, Quebec · www.groupeppp.ca
T.E. Financial Consultants Ltd. (T.E. Wealth) 2013-01-01 - Add-on Acquisition
Toronto, Ontario · www.tewealth.com
American-Amicable Holdings, Inc. 2010-07-20 143M USD Add-on Acquisition
Wilmington, Texas · www.aatx.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 3 (60%) 313M (100%) - -
Financial Services 1 (20%) - - -
Software 1 (20%) - - -
Total 5 $313M - -

By Geo

State/Country Buy Value Sell Value
United States 3 313M - -
  Texas 2 143M - -
  Illinois 1 170M - -
Canada 2 - - -
  Quebec 1 - - -
  Ontario 1 - - -
Domestic 2 (40%) - - -
Cross-border 3 (60%) 313M (100%) - -
Total 5 $313M - -

Deal Values

buy # Total
$100M to $1B 2 $313M
TOTAL $313M
Largest Vericity, Inc.
$170M (2023-10-03)

M&A Connections

Deals
Acquired from
Investor(s)
60%
3 (60%)

Company Summary

SECTOR

Insurance

Revenue

5,257   2023
13,398   25% 2021
17,685   16% 2020
15,305   54% 2019
9,939   13% 2018
11,298   21% 2017
9,364   14% 2016
8,239   15% 2015
9,680   2014
(millions of CAD) Show More Show Less

Employees

7,000

Established

1892

Public

Toronto (TSX): IAG

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