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CI Financial Corp (CIX.TO)

CI Financial Corp (CIX.TO)
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CI Financial is a provider of asset- and wealth management products and services. The company has a decent share in the Canadian fund market (fifth behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year) and remains the second-largest non-bank-affiliated asset manager in the Canadian market, with CAD 135 billion in AUM (including CAD 36 billion in AUM that was being managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of March 2025. The firm also had CAD 376 billion in assets under advisement (including CAD 274 billion from its US wealth management operations and CAD 102 billion from its Canadian wealth management partners), and CAD 36 billion in custody assets.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Sales 3,434,346 3,083,790 2,920,823 2,727,017 2,050,456
Sales Growth +11.37% +5.58% +7.11% +33.00% -3.25%
Net Income -411,049 5,018 299,757 409,328 475,978
Net Income Growth -8,291.49% -98.33% -26.77% -14.00% -11.59%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Total Assets 10,764,758 9,981,603 9,708,358 8,659,551 6,359,836
Total Assets Growth +7.85% +2.81% +12.11% +36.16% +45.61%
Total Liabilities 10,354,232 8,941,565 8,084,696 7,043,911 4,742,106
Total Liabilities Growth +15.80% +10.60% +14.78% +48.54% +65.32%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Operating Cash Flow 561,051 449,409 478,916 665,960 541,969
Operating Cash Flow Growth +24.84% -6.16% -28.09% +22.88% -2.87%
Net Cash Flow 30,582 -16,591 -77,159 -252,819 365,238
Change in Net Cash Flow +284.33% +78.50% +69.48% -169.22% +2,042.76%
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