Explore 3 Stock Ideas & Industry Insights Download Free Report

888-969-2592
Shopping Cart 0
countryflagCA
Login

Home CompaniesDefinity Financial Corp

Definity Financial Corp

Financial Services Insurance - Property & Casualty
PortfolioPortfolio WatchlistWatchlist
Company price
76.88 CAD 3.17 ( 4.30%)
Last update at 2026-11-04T14:50:00Z
VOLUME
25525
Market Cap
8113.50M
P/E
19.28

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
74.46
Low
77.50
High
52 Week Price Range
61.87
Low
79.29
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Definity Financial Corporation is a Canadian property and casualty insurer writing personal and commercial lines primarily through broker distribution and direct channels. Long-term growth may be supported by pricing discipline, a shift toward higher-margin commercial products, digital distribution and investment returns on premiums. Investors may find the company attractive because it appears positioned with scale, diversified premium sources and an emphasis on underwriting profitability and capital management.

Key risks include earnings volatility from severe weather and catastrophe losses, competitive pricing pressure, sensitivity to interest rates and investment markets, and rising reinsurance and regulatory costs.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
73.71
Dividend Yield
1.10%
Revenue TTM
4709.90M
Revenue Per Share
40.15
Gross Profit TTM
1527.80M
Debt / Equity
0.29
ROE
10.93%
Net Debt
808.70M
ROCE
10.81%
Diluted EPS TTM
3.51

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 577.80M 578.70M 467.20M 305.20M 281.20M
Minority interest -7.80M -4.50M -4.40M -0.60M -
Net income 418.20M 430.40M 350.10M 252.00M 213.20M
Selling general administrative 167.40M 131.60M 88.10M 640.80M 533.40M
Selling and marketing expenses 167.40M 131.60M 88.10M - -
Gross profit 933.70M 867.90M 689.40M 3247.70M 2917.80M
Reconciled depreciation 136.50M 125.30M 105.80M 4.90M -
Ebit 600.70M 588.30M 472.50M 304.60M 281.20M
Ebitda 737.20M 713.60M 578.30M 309.50M 281.20M
Depreciation and amortization 136.50M 125.30M 105.80M 4.90M -
Operating income 577.80M 578.70M 467.20M 304.60M 281.20M
Other operating expenses 4296.00M 3928.20M 3566.90M 2942.50M 2636.60M
Interest expense 22.90M 9.60M 5.30M - 0.00M
Tax provision 151.80M 143.80M 112.70M 52.60M 68.00M
Interest income 47.10M 11.30M 185.40M 138.70M 102.20M
Net interest income -22.90M -7.20M 5.70M - -
Income tax expense 151.80M 143.80M 112.70M 52.60M 68.00M
Total revenue 4873.80M 4506.90M 4034.10M 3247.70M 2917.80M
Total operating expenses 355.90M 289.20M 222.20M 2942.50M 2636.60M
Cost of revenue 3940.10M 3639.00M 3344.70M - -
Total other income expense net 229.40M 186.00M 467.20M 0.60M 8.20M
Net income from continuing ops 426.00M 434.90M 354.50M 252.60M 213.20M
Net income applicable to common shares 418.20M 430.40M 350.10M 252.60M 213.20M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 9577.30M 7693.30M 6929.10M 8316.80M 7891.40M
Intangible assets 776.80M 711.20M 657.50M 433.60M 173.60M
Other current assets 42.20M - 649.20M 584.50M 311.30M
Total liab 5285.20M 4187.20M 3922.20M 5836.40M 5495.10M
Total stockholder equity 4049.70M 3319.80M 2847.70M 2371.90M 2396.30M
Other current liab 3221.40M - 3694.80M -244.50M -231.60M
Common stock 2599.70M - 2273.00M 2254.20M 2307.80M
Capital stock 2599.70M 2220.40M 2273.00M 2254.20M 2307.80M
Retained earnings 1375.80M 1058.10M 561.30M 179.30M -28.80M
Other liab - - - 398.20M 144.70M
Good will 785.50M 686.30M 572.40M 338.00M 46.10M
Other assets 61.30M - - -1770.60M -2473.40M
Cash 355.90M 322.10M 441.50M 200.50M 387.30M
Cash and equivalents 0.40M - - 99.50M 224.80M
Total current liabilities 4019.50M - 3704.10M 244.50M 231.60M
Current deferred revenue 776.90M - - - -
Net debt 808.70M - -291.60M -129.70M -368.40M
Short term debt 0.00M - 9.30M 3.40M 0.00M
Short long term debt - - 114.30M 3.40M -
Short long term debt total 1164.60M - 149.90M 70.80M 18.90M
Other stockholder equity 53.00M - 40.40M -101.80M 98.00M
Property plant equipment 98.60M - - 83.80M 57.00M
Total current assets 1087.40M - 649.20M 4309.40M 4669.50M
Long term investments 6954.30M 5318.00M 4983.30M 4922.60M 5418.60M
Net tangible assets - - - 1600.30M 2176.60M
Short term investments 252.10M 182.80M 137.00M 2790.70M 3202.00M
Net receivables 437.20M 322.70M 328.60M 1318.20M 1080.20M
Long term debt 1122.70M 114.30M 114.30M 35.70M -
Inventory - - -709.80M - -
Accounts payable - - - 241.10M 231.60M
Accumulated other comprehensive income 21.20M - -27.00M -61.60M 117.30M
Non currrent assets other 105.80M - 4641.30M -5778.00M -5695.30M
Non current assets total 8489.90M - 6279.90M 5778.00M 5695.30M
Capital lease obligations 41.90M 35.20M 35.60M 31.70M 18.90M
Long term debt total 1154.40M - - 31.70M 18.90M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -1443.10M -298.00M -321.70M -374.70M -1008.10M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -1658.30M -298.00M -351.90M -374.70M -1044.20M
Net borrowings 996.30M 0.00M 75.20M -1.00M -1.00M
Total cash from financing activities 1164.70M -113.80M -61.00M 73.40M 376.80M
Net income 577.80M 578.70M 350.10M 252.00M 213.20M
Change in cash 19.00M -104.60M -61.10M 4.50M -12.20M
Begin period cash flow 336.90M 441.50M 502.60M 498.10M 510.30M
End period cash flow 355.90M 336.90M 441.50M 502.60M 498.10M
Total cash from operating activities 512.60M 307.20M 351.80M 256.90M 213.20M
Issuance of capital stock 371.50M - - 0.00M -
Depreciation 136.50M 125.30M 105.80M 4.90M 11.10M
Other cashflows from investing activities 35.20M 2.00M -6.60M -283.90M -49.40M
Dividends paid 88.50M -73.70M -63.20M 63.30M 1908.90M
Sale purchase of stock -12.20M -68.30M -13.90M -53.60M 2285.70M
Other cashflows from financing activities -102.40M -81.90M -59.10M 191.30M 376.80M
Change to netincome - - - -19.20M 387.50M
Capital expenditures 99.60M 75.60M 87.50M 90.80M 49.40M
Change in working capital 137.80M 65.50M -138.90M -937.30M -741.60M
Stock based compensation 30.80M 23.10M 21.40M - -
Other non cash items -370.30M -485.40M 245.50M -256.90M -213.20M
Free cash flow 413.00M 231.60M 264.30M 256.90M 213.20M

Peer Comparison*

Sector: Financial Services Industry: Insurance - Property & Casualty

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
DFY
Definity Financial Corp		 3.17
4.30%		 76.88 19.28 18.48 1.72 2.01 1.74
FFH
Fairfax Financial Holdings Ltd		 111.09
4.46%		 2599.95 8.41 9.51 1.35 1.47 1.57
IFC
Intact Financial Corporation		 16.65
6.34%		 279.38 14.24 14.68 1.78 2.43 2.01
FFH-PK
Fairfax Financial Holdings Ltd Pref K		 -0.09
0.36%		 25.11 0.15 - 0.67 - -
IFC-PG
Intact Financial Corp		 0.06
0.24%		 25.34 1.87 - 0.93 - -

Profile*

Definity Financial Corp

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.

111 Westmount Road South, Waterloo, ON, Canada, N2L 2L6

519-570-8200

https://www.definityfinancial.com

3462

Name Title Year Born
Mr. Rowan Saunders CEO, Pres & Director 1964
Mr. Philip Mather B.Sc., B.Sc. (Hons), C.A., CA Exec. VP & CFO 1975
Mr. Innes Fraser Dey B.Sc. (Hons), LL.B Sr. Vice-Pres of Legal & Strategy 1969
Mr. Fabian Richenberger Exec. Vice-Pres of Commercial Insurance 1967
Mr. Paul MacDonald Exec. VP of Personal Insurance 1974
Ms. Tatjana Lalkovic Sr. VP & Chief Information Officer 1968
Mr. Dennis Westfall MBA Head of Investor Relations NA
Ms. Brigid V. Pelino Sr. VP & Chief HR Officer 1964
Mr. Roger Dunbar Sr. Vice-Pres of Sonnet 1963
Mr. Liam McFarlane Chief Risk & Actuarial Officer 1963

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

Kalkine

3 Mining Stock
Ideas Report

Download a free report with stock ideas and industry insights for general information.

Download Free Report Now → sector image

Top Stocks by Market Cap*

ORE
CAD 2.77
+8.86%
APM
CAD 4.95
+8.08%
NUAG
CAD 7.37
+8.06%
BZ
CAD 4.03
+8.04%
AYA
CAD 34.85
+7.96%
HUT
CAD 73.56
-17.26%
PHX
CAD 11.13
-12.22%
IVN
CAD 7.93
-10.70%
EFN
CAD 20.09
-10.39%
OBE
CAD 13.62
-6.71%

Equity Sectors*

  • Basic Materials

    +3.73%

  • Communication Services

    +1.16%

  • Consumer Cyclical

    +1.12%

  • Consumer Defensive

    +0.14%

  • Energy

    -1.87%

  • Financial Services

    +1.53%

  • Healthcare

    +1.50%

  • Industrials

    +0.03%

  • Real Estate

    +0.71%

  • Technology

    +0.40%

  • Utilities

    +0.35%

Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.

Support

Hi! How can we help you today?

Loading…