Definity Financial Corporation (TSX:DFY)

Definity Financial Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	4,043	3,773	3,924	4,234	3,401
Investments in Equity & Preferred Securities	1,072	980.6	852.4	1,053	748.2
Other Investments	186.3	211.7	146.5	131.5	261.6
Total Investments	5,302	4,965	4,923	5,419	4,411
Cash & Equivalents	322.1	197.5	200.5	387.3	510.3
Reinsurance Recoverable	346.2	330.4	305.1	179.2	95.6
Other Receivables	103.5	88.7	138.8	1,122	1,015
Deferred Policy Acquisition Cost	-	-	-	295.1	260.2
Property, Plant & Equipment	104.8	103.1	83.8	57	56.9
Goodwill	686.3	572.4	338	46.1	46.1
Other Intangible Assets	711.2	657.5	433.6	173.6	165.5
Restricted Cash	14.8	244	302.1	110.8	-
Other Current Assets	41.3	35.1	29.7	18.1	13.2
Long-Term Deferred Tax Assets	13.2	23.6	25.2	62.5	40.2
Other Long-Term Assets	48.1	41.9	40.3	21.4	6.6
Total Assets	7,693	7,260	6,820	7,891	6,620
Accounts Payable	73	54.9	77.9	191.7	141.5
Accrued Expenses	1.8	1.9	-	126.4	89.9
Insurance & Annuity Liabilities	378.1	359.3	3,578	-	-
Unpaid Claims	3,225	3,135	-	3,336	3,026
Unearned Premiums	-	-	-	1,599	1,433
Current Portion of Leases	9.2	9.3	-	-	-
Short-Term Debt	149.4	39.3	39.1	-	-
Current Income Taxes Payable	42.3	117.9	-	55.6	18.7
Long-Term Debt	75	75	-	-	-
Long-Term Leases	26	26.3	31.7	18.9	21.7
Long-Term Deferred Tax Liabilities	154.3	150.7	103.5	-	-
Other Current Liabilities	9.4	4.7	3.1	22.5	22.8
Other Long-Term Liabilities	18.8	252.5	302.1	110.8	-
Total Liabilities	4,187	4,253	4,161	5,495	4,802
Common Stock	2,220	2,273	2,254	2,308	-
Additional Paid-In Capital	42.4	40.4	40.2	19.3	-
Retained Earnings	1,058	561.3	287.8	-28.8	1,756
Comprehensive Income & Other	-1.1	-27	-32.4	98	62.1
Total Common Equity	3,320	2,848	2,550	2,396	1,818
Minority Interest	186.3	159.2	108.5	-	-
Shareholders' Equity	3,506	3,007	2,658	2,396	1,818
Total Liabilities & Equity	7,693	7,260	6,820	7,891	6,620
Filing Date Shares Outstanding	114.1	114.89	114.4	115.9	-
Total Common Shares Outstanding	114	114.9	114.4	115.9	-
Total Debt	259.6	149.9	70.8	18.9	21.7
Net Cash (Debt)	62.5	47.6	129.7	368.4	488.6
Net Cash Growth	31.30%	-63.30%	-64.79%	-24.60%	616.42%
Net Cash Per Share	0.54	0.41	1.11	3.50	4.70
Book Value Per Share	29.12	24.78	22.29	20.68	-
Tangible Book Value	1,922	1,618	1,778	2,177	1,606
Tangible Book Value Per Share	16.86	14.08	15.54	18.78	-
Land	62.6	59.4	43.7	39.7	35.4
Buildings	30.5	29.3	27.4	19.9	17.4
Machinery	46.9	47.3	43.4	42.8	42.6

Source: S&P Capital IQ. Insurance template. Financial Sources.