YOLFTbeta
Definity Financial Corp

Definity Financial Corp

DFY · TO · Financial Services / Insurance - Property & Casualty

73.76CAD-1.01 (-1.35%)

Price History

Full chart

Market Stats

Previous Close74.77
Open74.92
Day Range73.73 – 75.19
52-Week Range61.50 – 82.34
Volume125.85K
Market Cap8.30B
P/E (TTM)18.00
Forward P/E15.22
EPS3.84
Dividend Yield1.24%
Beta0.10
50-Day Avg74.87
200-Day Avg71.22

About

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, and pet insurance products to individuals under the Economical, Sonnet, Family, and Petline brands; and commercial insurance products, includes fleet, commercial auto, property, liability, and specialty insurance products to businesses. The company distributes its products on a primarily intermediated basis and through brokers, as well as directly to customers. It markets its commercial insurance products to small businesses and mid-market companies. The company was formerly known as Economical Holdings Corporation and changed its name to Definity Financial Corporation in August 2021. Definity Financial Corporation was founded in 1871 and is headquartered in Waterloo, Canada.

Company Details

  • SectorFinancial Services
  • IndustryInsurance - Property & Casualty
  • CEOMr. Rowan Saunders B.A.
  • Employees3.46K
  • Headquarters111 Westmount Road South, Waterloo, ON, Canada, N2L 2L6, Canada
  • Websitehttps://www.definityfinancial.com

Leadership

  • Mr. Rowan Saunders B.A.CEO, President & Director · b. 1964
  • Mr. Philip Mather B.Sc., B.Sc. (Hons), C.A.Executive VP & CFO · b. 1975
  • Mr. Fabian RichenbergerChief Operating Officer · b. 1967
  • Mr. Paul MacDonaldExecutive Vice President of Personal Insurance & Digital Channels · b. 1974
  • Mr. Innes Fraser Dey B.Sc. (Hons), LL.BSenior Vice President of Corporate Affairs · b. 1969
  • Ms. Tatjana LalkovicSenior VP & CTO · b. 1968
  • Mr. Dennis Westfall C.F.A., MBAVice-President of Investor Relations
  • Michael PadfieldSenior VP, General Counsel & Secretary
  • Ms. Sarah AttwellsAssociate Vice President of Corporate Communication
  • Ms. Brigid V. PelinoSenior VP and Chief People & Culture Officer · b. 1964

Financials

Income Statement

Currency: CAD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.41B2.51B2.70B2.92B2.99B4.03B4.51B4.87B
Growth (%)-+3.98%+7.39%+8.21%+2.62%+34.73%+11.72%+8.14%
Cost of Revenue--1.94B2.15B2.82B3.34B3.64B3.94B
Gross Profit2.41B2.51B2.70B2.92B175.90M689.40M867.90M933.70M
Gross Margin100.00%100.00%100.00%100.00%5.87%17.09%19.26%19.16%
Operating Expense2.52B2.49B2.50B2.64B62.10M222.20M289.20M355.90M
Operating Income-100.20M20.40M200.60M281.20M113.80M467.20M578.70M577.80M
Operating Margin-4.15%0.81%7.44%9.64%3.80%11.58%12.84%11.86%
EBITDA71.70M66.60M193.10M273.00M187.40M578.30M713.60M737.20M
EBITDA Margin2.97%2.65%7.16%9.36%6.26%14.34%15.83%15.13%
Net Income-73.00M17.40M153.90M213.20M110.90M350.10M430.40M418.20M
Net Income Margin-3.02%0.69%5.71%7.31%3.70%8.68%9.55%8.58%
Interest Expense0000600.00K5.30M9.60M22.90M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.02%0.13%0.21%0.47%

Balance Sheet

Currency: CAD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-5.96B6.62B7.89B8.32B7.26B7.69B9.58B
Total Liabilities-4.35B4.80B5.50B5.84B4.25B4.19B5.29B
Total Equity-1.61B1.82B2.40B2.37B2.85B3.32B4.05B
Cash-94.70M510.30M387.30M200.50M197.50M322.10M355.90M
Total Debt-26.50M21.70M18.90M70.80M149.90M149.50M1.16B
Net Debt--68.20M-488.60M-368.40M-129.70M66.70M-172.60M808.70M

Cash Flow

Currency: CAD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow44.60M138.50M490.20M655.20M256.90M351.80M307.20M512.60M
Investing Cash Flow-75.70M-179.10M-74.60M-1.04B-374.70M-351.90M-298.00M-1.66B
Financing Cash Flow376.80M376.80M376.80M376.80M73.40M-61.00M-113.80M1.16B
Capital Expenditure49.50M23.30M42.80M49.40M90.80M87.50M75.60M99.60M
Free Cash Flow44.60M138.50M447.40M605.80M166.10M264.30M231.60M413.00M
Dividends Paid1.91B1.91B1.91B1.91B63.30M63.20M73.70M88.50M
FCF to OCF100.00%100.00%91.27%92.46%64.66%75.13%75.39%80.57%
Dividend Paid to FCF4280.04%1378.27%426.67%315.10%38.11%23.91%31.82%21.43%

Earnings

Report DateNov 17, 2021Feb 10, 2022May 11, 2022Aug 2, 2022Nov 10, 2022Feb 9, 2023May 11, 2023Aug 3, 2023Nov 9, 2023Feb 15, 2024May 9, 2024Aug 1, 2024Nov 7, 2024Feb 13, 2025May 8, 2025Jul 31, 2025Nov 6, 2025Feb 11, 2026May 7, 2026Jul 30, 2026Nov 5, 2026
EPS Estimate-0.400.410.310.340.580.570.430.020.720.720.63-0.050.890.690.770.790.940.870.930.87
EPS Actual0.460.420.550.420.400.670.540.560.150.860.650.940.130.950.650.841.030.990.970.97-
Surprise-5.00%34.15%35.48%17.65%15.52%-5.26%30.23%650.00%19.44%-9.72%49.21%360.00%6.74%-5.80%9.09%30.38%5.32%11.49%4.30%-
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap8.30B
Enterprise Value10.05B
Trailing P/E18.00
Forward P/E15.22
Price / Sales1.39
Price / Book2.04
EPS3.84
Book Value35.01
Revenue (TTM)5.99B
Gross Profit (TTM)1.79B
EBITDA839.40M
Profit Margin7.80%
Operating Margin13.36%
Return on Equity11.29%
Return on Assets4.43%
Shares Outstanding120.12M
Shares Float118.78M
Beta0.10
Dividend Yield1.24%
Dividend Rate0.86
Payout Ratio21.04%

Dividends

20263×
0.21Sep 11, 20260.21Jun 11, 20260.21Mar 11, 2026
20254×
0.19Dec 12, 20250.19Sep 12, 20250.19Jun 12, 20250.19Mar 12, 2025
20244×
0.16Dec 13, 20240.16Sep 13, 20240.16Jun 13, 20240.16Mar 14, 2024
20234×
0.14Dec 14, 20230.14Sep 14, 20230.14Jun 14, 20230.14Mar 14, 2023
20224×
0.13Dec 14, 20220.13Sep 14, 20220.13Jun 14, 20220.17Mar 14, 2022