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XTSE
DFY
Market cap5.72bUSD
, Last price  
CAD
Name

Definity Financial Corp

Chart & performance

D1W1MN
XTSE:DFY chart
P/E
—
P/B
—
EPS
3.61
Vol. 1Y
—
Shs. 5Y
0.65%
Rev. 5Y
12.57%
Div Yld LY
—
Div Yld TTM
—
Revenues
4.87b
+8.14%
2,414,800,0002,510,800,0002,696,300,0002,917,800,0002,994,200,0004,034,100,0004,506,900,0004,873,800,000
Net income
418m
-2.83%
-73,000,00017,400,000153,900,000213,200,000110,900,000350,100,000430,400,000418,200,000
CFO
513m
+66.86%
44,600,000138,500,000490,200,000655,200,000256,900,000351,800,000307,200,000512,600,000
Dividend
Sep 11, 20260.215 CAD/sh

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Profile

Operating in Canada, Definity Financial Corporation specializes in offering a wide array of property and casualty insurance solutions. For individual clients, the company provides coverage such as auto, home, general liability, umbrella policies, and pet insurance, marketed under brands like Economical, Sonnet, Family, Petsecure, and Peppermint. Businesses, conversely, can access commercial insurance offerings, including fleet, commercial vehicle, property, liability, and specialized coverage, all provided under the Economical brand. Its distribution strategy primarily involves intermediaries and brokers, though it also engages directly with customers. The firm, established in 1871 and based in Waterloo, Canada, adopted its current name, Definity Financial Corporation, in August 2021, having previously been known as Economical Holdings Corporation.

Related entities

Subsidiaries (3)
Definity Insurance Company
TEIG INVESTMENT PARTNERSHIP
Sonnet Insurance Company

Key people

Independent Chairman of the Board · since 2011
Paul Macdonald
Executive Vice President - Personal Insurance and Digital Channels · since 2022
Philip Mather
Executive Vice President, Chief Financial Officer · since 2011
Fabian Richenberger
Executive Vice President - Commercial Insurance and Insurance Operations · since 2022
Innes Dey
Senior Vice President, Legal and Strategy · since 2018
Donna Ince
Senior Vice President, Chief Underwriting Officer - Personal Insurance · since 2022
Brigid Pelino
Senior Vice President, Chief People and Culture Officer · since 2022
Obaid Rahman
Senior Vice President, Chief Underwriting Officer, Commercial Insurance · since 2022
Tom Reikman
Senior Vice President and Chief Distribution Officer · since 2017
Craig Richardson
Senior Vice President, Chief Claims Officer · since 2023
Tatjana Lalkovic
Senior Vice President, Chief Technology Officer · since 2022
Liam Mcfarlane
Chief Risk and Actuarial Officer · since 2024
President, Chief Executive Officer, Director · since 2016
Independent Director · since 2024
Elizabeth Delbianco
Independent Director · since 2013
Daniel Fortin
Independent Director · since 2014
Dan Fortin
Independent Director · since 2014
Richard Freeborough
Independent Director · since 2012
Sabrina Geremia
Independent Director · since 2022
Micheal Kelly
Independent Director · since 2015
IPO date
Nov 18, 2021
Employees
3,555
Domiciled in
CA
Incorporated in
CA
Headquarters & legal address
111 Westmount Road South
Waterloo, ON N2J 4S4
CA
Other language
Société financière Definity

Valuation

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