Definity Financial Corporation

DFY

Equity

ISIN null / Valor 113471580

Toronto Stock Exchange (2025-10-22)

CAD 66.26+2.17%

Definity Financial Corporation
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About company

Definity Financial Corporation, established in 2021, serves as the parent company to several prominent Canadian property and casualty insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. The corporation focuses on providing a range of insurance products and services designed to meet the diverse needs of its customers. Through its subsidiaries, Definity offers coverage options that include home, auto, and pet insurance, catering to both individual and business clients. The company emphasizes innovation and investment in its operations to support its customers, broker partners, and employees in navigating the evolving insurance landscape.

Summarized from source with an LLMView SourceSector: Finance

Premium Growth

Gross written premiums increased by 7.4% in Q4 2024, reaching $1,109.5 million. Excluding the Sonnet Alberta personal auto line, growth was 9.0%. For the full year, premiums grew by 11.1%, supported by strong performances in both commercial lines and personal auto.

Profitability and Efficiency

Operating net income rose to $110.4 million in Q4 2024 from $101.0 million in the same period last year, resulting in an operating EPS of $0.95. The operating return on equity improved to 10.6% for the year, reflecting enhanced profitability and efficient capital management.

Combined Ratio Improvement

The combined ratio tightened to 90.3% in Q4 2024 from 90.6% in Q4 2023, and was 94.5% for the full year, down from 95.9% despite record industry catastrophe losses. This improvement was driven by strong underwriting performance, particularly in personal property.

Shareholder Value

Book value per share increased by 17.6% to $29.13, supported by full-year net income of $430.4 million and the return of $150 million in restricted cash. Additionally, the quarterly dividend was raised by over 17% to $0.1875 per share, underscoring Definity Financial Corporation's strong financial position and confidence in future growth.

Summarized from source with an LLMView Source

Key figures

20.1%1Y

71.3%3Y

%5Y

Performance

22.9%1Y

22.3%3Y

23.0%5Y

Volatility