Why did IAG.TO drop about 11% today?

The decline followed iA Groupe financier results that missed Q4 expectations. EPS was C$3.10 versus a C$3.28 consensus. A provision tied to international‑student health insurance and higher incentive compensation reduced reported earnings. Investors reacted to the visibility gap on that book and near‑term expense pressure, pushing the TSX‑listed shares lower.

Is the hit to earnings temporary or ongoing?

Management said the impact is temporary and strategy is unchanged. The next two quarters matter. We will watch updates on the student health book, reserve adjustments, and expense normalization. If claims and costs stabilize, the iA Groupe financier results should trend back toward core profitability and reduce uncertainty for investors.

Is IAG.TO attractive on valuation after the selloff?

On trailing figures, shares trade near 12.7 times EPS and 1.69 times book, with a 2.49% dividend yield and a 36.9% payout ratio. For diversified TSX insurance stocks, that looks reasonable. The case improves if the iA Groupe financier results normalize and technicals recover above key moving averages.

What should Canadian investors watch next?

Focus on the May 5, 2026 earnings date, updates on international‑student health claims, and expense trends. Track the 200‑day moving average near C$155.87 and RSI near 24 for signs of momentum improvement. Any clarity on capital returns will help frame the iA Groupe financier results against long‑term goals.

Global Market Insights

IAG.TO Stock Today: Q4 Miss; Shares -11% on Insurance Provision, February 20

ByDanny Kontos February 21, 2026February 21, 2026

iA Groupe financier results missed Q4 expectations, with EPS at C$3.10 versus the C$3.28 consensus. The shortfall and a provision tied to international‑student health insurance sparked an 11% slide to C$151.34 for IAG.TO on the TSX. Management called the impact temporary, while analysts see near‑term pressure but steady long‑term goals. We break down the iA Groupe financier results, why the stock sold off, how valuation looks after the drop, and what Canadian investors should watch next.