iA FinancialTSX:IAG +2.07%61 Net Margin % is 5.88% as of Mar. 2026, which is 4% below its 10-year median of 6.13. GuruFocus rates TSX:IAG with a GF Score™ of 61/100 and a GF Value™ of C$136.57 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 501 Insurance companies, iA Financial ranks better than 66.87% on this metric.
Net margin is calculated as Net Income divided by its Revenue. iA Financial's Net Income for the
three
months ended in Mar. 2026 was C$146 Mil. iA Financial's Revenue for the
three
months ended in Mar. 2026 was C$2,484 Mil. Therefore, iA Financial's net margin for the quarter that ended in Mar. 2026 was 5.88%.
The historical rank and industry rank for iA Financial's Net Margin % or its related term are showing as below:
TSX:IAG'
s Net Margin % Range Over the Past 10 Years
Min: -9.54 Med: 6.13 Max: 13.19
Current: 13.19
TSX:IAG's Net Margin % is ranked better than 66.87% of 501
companies
in the Insurance industry
Industry Median: 9.29
vs TSX:IAG: 13.19
iA Financial (TSX:IAG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
iA Financial Net Margin % Related Terms
iA Financial Net Margin % Historical Data
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The historical data trend for iA Financial's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSX:IAG vs BRK.A, AIG, HIG: Net Margin % Comparison
For the Insurance - Diversified subindustry, iA Financial's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
iA Financial Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, iA Financial's Net Margin % distribution charts can be found below:
* The bar in red indicates where iA Financial's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
iA Financial (TSX:IAG) has a Net Margin % of 5.88% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on iA Financial and its competitors. This is near median its historical median of 6.13. According to the industry distribution chart, iA Financial ranks #166 out of 501 companies in the Insurance industry, placing it in the top 33.1%.
Is iA Financial's Net Margin % too high?
iA Financial's current Net Margin % of 5.88% is near median its 10-year median of 6.13. The Insurance industry median Net Margin % is 9.29. iA Financial's value of 5.88% is 36.7% below this industry median. Based on the distribution chart, iA Financial ranks #166 out of 501 companies in the Insurance industry, which is above the industry midpoint. Overall, iA Financial has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does iA Financial's Net Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, iA Financial ranks #166 out of 501 companies for Net Margin %. This puts iA Financial in the upper half of its industry. The industry median Net Margin % is 9.29. iA Financial's value of 5.88% is 36.7% below this benchmark. While the company's 10-year median is 6.13 vs. the industry median of 9.29, iA Financial has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Insurance company?
The median Net Margin % among Insurance companies is 9.29, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. iA Financial's current Net Margin % of 5.88% is 36.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on iA Financial and its competitors. For the Insurance industry, the median Net Margin % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iA Financial's current Net Margin % is 5.88%, which is near median its own 10-year median of 6.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iA Financial stock overvalued right now?
Based on GuruFocus' analysis, iA Financial (TSX:IAG) is currently considered Significantly Overvalued. The stock's GF Value™ is C$136.57, compared to a current price of C$191.12 — trading 39.9% above its estimated fair value. The current Net Margin % is 5.88%, which is near median its 10-year median of 6.13 and 36.7% below the Insurance industry median of 9.29. iA Financial's overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For iA Financial (TSX:IAG), the current Net Margin % is 5.88% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is iA Financial (TSX:IAG) Overvalued in 2026?
Based on GuruFocus' analysis, iA Financial stock appears to be overvalued.
The current stock price of C$191.12 is trading 39.9% above its estimated GF Value™ of C$136.57.
GuruFocus considers iA Financial to be Significantly Overvalued.
Key valuation signals for TSX:IAG:
Net Margin %: 5.88% (near median its 10-year median of 6.13)
GF Value™: C$136.57 vs. price of C$191.12 (39.9% above fair value)
Industry Position: 36.7% below the Insurance median (#166 of 501)
No single metric tells the full story. See the TSX:IAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
iA Financial Corp Inc is an insurance and wealth management group based in Canada. It offers various life and health insurance products, savings and retirement plans, mutual funds, securities, loans, auto and home insurance, creditor insurance, replacement insurance, replacement warranties, extended warranties, and other ancillary products for dealer services and other financial products and services. The company's products and services are offered on both an individual and group basis and extend throughout Canada and the United States. Its operating segments are: Insurance, Canada; Wealth Management; U.S. Operations; Investment; and Corporate. Maximum revenue is generated from the Insurance, Canada segment.
61GF Score
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