Definity Financial Corporation (TSX:DFY)
Canada · Delayed Price · Currency is CAD | Market Cap | 8.22B +8.3% |
| Revenue (ttm) | 5.39B +19.3% |
| Net Income | 390.10M -6.5% |
| EPS | 3.23 -9.7% |
| Shares Out | 119.92M |
| PE Ratio | 21.21 |
| Forward PE | 17.41 |
| Dividend | 0.86 (1.25%) |
| Ex-Dividend Date | Mar 11, 2026 |
| Volume | 271,874 |
| Average Volume | 194,067 |
| Open | 66.24 |
| Previous Close | 65.60 |
| Day's Range | 65.16 - 68.92 |
| 52-Week Range | 61.87 - 79.95 |
| Beta | 0.15 |
| RSI | 56.67 |
| Earnings Date | May 7, 2026 |
About Definity Financial
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 custome... [Read more]
Financial Performance
In 2025, Definity Financial's revenue was 4.71 billion, an increase of 9.16% compared to the previous year's 4.31 billion. Earnings were 418.20 million, a decrease of -2.83%.
Financial StatementsNews
Definity Financial price target raised to C$86 from C$85 at TD Securities
TD Securities analyst Mario Mendonca raised the firm’s price target on Definity Financial (DFYFF) to C$86 from C$85 and keeps a Buy rating on the shares.
Definity Financial Earnings Call Transcript: Q1 2026
First quarter results highlight strong integration of the Travelers acquisition, driving 35% premium growth, record underwriting income, and robust synergy capture. Operating ROE reached 13%, with continued organic and inorganic growth expected to support mid-teen ROE targets.
Definity Financial price target raised to C$79 from C$78 at Barclays
Barclays raised the firm’s price target on Definity Financial (DFYFF) to C$79 from C$78 and keeps an Equal Weight rating on the shares.
Definity Financial price target raised to C$79 from C$77 at Scotiabank
Scotiabank analyst Phil Hardie raised the firm’s price target on Definity Financial (DFYFF) to C$79 from C$77 and keeps a Sector Perform rating on the shares.
Definity Financial price target lowered to C$78 from C$81 at Barclays
Barclays analyst Alex Scott lowered the firm’s price target on Definity Financial (DFYFF) to C$78 from C$81 and keeps an Equal Weight rating on the shares. The firm adjusted targets
Definity Financial price target lowered to C$77 from C$80 at Scotiabank
Scotiabank lowered the firm’s price target on Definity Financial (DFYFF) to C$77 from C$80 and keeps a Sector Perform rating on the shares.
Definity Financial Earnings Call Transcript: Q4 2025
Delivered strong 2025 results with 33% EPS growth, robust underwriting, and a successful $3.3B Travelers acquisition. Integration is expected to drive significant synergies and continued top-tier growth, with 2026 premiums projected to exceed CAD 6.5B.
Definity Financial price target raised to C$81 from C$80 at Barclays
Barclays analyst Alex Scott raised the firm’s price target on Definity Financial (DFYFF) to C$81 from C$80 and keeps an Equal Weight rating on the shares.
Definity Financial price target raised to C$80 from C$76 at Scotiabank
Scotiabank raised the firm’s price target on Definity Financial (DFYFF) to C$80 from C$76 and keeps a Sector Perform rating on the shares.
Definity Financial price target raised to C$80 from C$78 at Barclays
Barclays raised the firm’s price target on Definity Financial (DFYFF) to C$80 from C$78 and keeps an Equal Weight rating on the shares. The firm adjusted ratings and price targets
Definity Financial resumed with Buy from Hold at Jefferies
Jefferies analyst John Aiken upgraded Definity Financial (DFYFF) to Buy from Hold with an C$88 price target after resuming coverage of the name The company has taken a “substantial leap
Definity Financial Earnings Call Transcript: Q3 2025
Record Q3 results featured strong underwriting, 7.5% premium growth, and a 12.5% operating ROE. The Travelers acquisition is on track, with integration and financing progressing well. Segment performance was robust across auto, property, and commercial lines.
Definity Financial Transcript: 24th Annual CIBC Eastern Institutional Investor Conference
A major acquisition will elevate the company to the 4th largest P&C insurer in Canada, with integration and cost synergies expected over three years. Broker and employee response is positive, and digital initiatives like SONNET are poised for future growth. ROE is targeted to rise to the mid-teens, supported by expense efficiencies and a robust growth strategy.
Definity Financial Transcript: 2025 Scotiabank Financials Summit
Significant progress includes the acquisition of Travelers Canadian Business, robust organic growth, and strong execution of ROE expansion levers. Technology and AI investments underpin efficiency and customer experience, while integration and future acquisitions are expected to drive further scale and profitability.
Definity Financial Earnings Call Transcript: Q2 2025
Q2 saw 9.1% premium growth, a 92.9% combined ratio, and $98.9M operating net income. The Travelers Canada acquisition is on track for Q1 2026, with integration planning underway and strong broker and employee support.
Definity Financial Transcript: M&A Announcement
The acquisition adds CAD 1.6 billion in premiums, elevating the combined entity to the fourth-largest Canadian P&C insurer. Expected synergies of CAD 100 million annually and immediate EPS accretion are anticipated, with full integration and cost savings targeted within three years.
Definity Financial Earnings Call Transcript: Q1 2025
First quarter 2025 saw strong premium growth, improved book value, and robust operating income, with all key financial targets met or exceeded. The outlook remains positive, with continued focus on expense management, claims transformation, and disciplined capital deployment.
Definity Financial Transcript: National Bank Financial 23rd Annual Canadian Financial Services Conference
Momentum from 2023 has carried into 2024, with firm market conditions and proactive pricing supporting growth. Operational improvements and segmentation strategies are driving gains in auto, property, and commercial lines. M&A remains a key lever for achieving mid-teens ROE and top-three market status.
Definity Financial Transcript: Fireside Chat
The discussion highlighted robust growth in personal auto, property, and commercial lines, driven by proactive pricing, digital innovation, and portfolio optimization. Sonnet achieved profitability, and future strategy centers on scaling digital platforms, targeted acquisitions, and maintaining strong financial resilience.
Definity Financial Earnings Call Transcript: Q4 2024
Record operating EPS and strong premium growth drove a 17.6% increase in book value per share, with robust underwriting and investment income despite industry-wide catastrophe losses. Outlook remains positive, targeting sub-95% combined ratio and continued growth in broker and commercial lines.
Definity Financial Earnings Call Transcript: Q3 2024
Q3 2024 saw resilient results despite historic catastrophe losses, with strong premium growth, improved expense ratios, and double-digit operating ROE. Commercial and personal lines performed well, and the company remains on track for its profitability and growth targets, aiming for a 12% ROE by 2026.
Definity Financial Transcript: 23rd Annual CIBC Eastern Institutional Investor Conference
Achieved strong financial performance since IPO, with new ROE targets driven by digital growth, expense management, and claims transformation. Personal and commercial lines are managed for optimal returns, while M&A and capital deployment remain key strategic priorities.
Definity Financial Transcript: Investor Day 2024
Targets top five market position through organic and inorganic growth, leveraging digital platforms, advanced analytics, and disciplined underwriting. Financial guidance includes double-digit revenue growth, mid-90s combined ratios, and a path to mid-teen ROEs, supported by strong capital and M&A readiness.
Definity Financial Earnings Call Transcript: Q2 2024
Record Q2 results featured a 14.2% rise in gross written premiums, a 90.1% combined ratio, and 10.8% operating ROE. Personal auto and commercial lines drove growth, while Sonnet exited Alberta auto due to losses. Capital position remains strong, supporting ongoing M&A and organic expansion.