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About the company
Definity Financial Corporation, through its subsidiaries, offers property and casualty (P&C) insurance in Canada. The Company provides service and insurance coverage, through a licensed broker or our digital direct channel. It offers both personal and commercial insurance products. Its commercial lines insurance operations include fleet, individually rated commercial auto, property, liability, and specialty insurance products, which are provided to businesses of all sizes in Canada. The Company’s brands include Economical Mutual Insurance Company, Sonnet Insurance Company, Family Insurance Solutions Inc., and Petline Insurance Company. The Economical Mutual Insurance Company is a property and casualty insurer that is distributed by licensed broker partners. The Sonnet Insurance Company helps to purchase insurance directly online. The Family Insurance Solutions Inc is a distributor of home and optional auto insurance in British Columbia.
- Revenue in CAD (TTM)4.08bn
- Net income in CAD354.40m
- Incorporated2021
- Employees3.56k
- LocationDefinity Financial Corp111 Westmount Road South,P.O. Box 2000WATERLOO N2J 4S4CanadaCAN
- Phone+1 (519) 570-8500
- Websitehttps://www.definityfinancial.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Palomar Holdings Inc | 551.60m | 120.15m | 2.95bn | 213.00 | 25.00 | 4.33 | -- | 5.36 | 3.48 | 3.48 | 16.00 | 20.13 | 0.2437 | -- | -- | 1,902,629.00 | 5.31 | 4.51 | -- | -- | -- | -- | 21.78 | 15.84 | -- | 66.61 | 0.079 | 2.62 | 14.93 | 38.80 | 51.81 | 34.17 | 105.92 | -- |
| Fidelis Insurance Holdings Ltd | 2.81bn | 654.83m | 2.97bn | 77.00 | 4.50 | 0.8628 | 5.45 | 1.06 | 4.12 | 4.12 | 17.74 | 21.48 | 0.1998 | -- | -- | 26,793,510.00 | 4.66 | -- | -- | -- | -- | -- | 23.32 | -- | -- | 36.32 | 0.1676 | -- | 132.10 | -- | 3,954.18 | -- | -- | -- |
| NMI Holdings Inc | 814.59m | 458.29m | 3.74bn | 234.00 | 8.45 | 1.39 | 7.89 | 4.59 | 4.05 | 4.05 | 7.20 | 24.56 | 0.2122 | -- | -- | 2,514,609.00 | 11.94 | 11.31 | -- | -- | -- | -- | 56.26 | 49.58 | -- | 14.38 | 0.1675 | 0.00 | 10.64 | 16.05 | 9.97 | 24.44 | 3.06 | -- |
| Hagerty Inc | 1.43bn | 20.11m | 3.99bn | 1.73k | 207.04 | 31.22 | 33.41 | 2.78 | 0.042 | 0.042 | 3.09 | 0.5309 | 0.7336 | -- | -- | 610,410.80 | 3.58 | -- | -- | -- | -- | -- | 4.88 | -0.4449 | -- | -- | 0.1532 | 0.00 | 21.63 | 27.09 | -50.49 | 13.39 | 25.74 | -- |
| Mercury General Corp | 6.53bn | 292.75m | 4.39bn | 4.10k | 14.98 | 2.01 | 11.22 | 0.6718 | 3.88 | 3.88 | 86.64 | 28.97 | 0.686 | -- | -- | 1,170,033.00 | 3.08 | 1.66 | -- | -- | -- | -- | 4.48 | 2.63 | -- | 37.68 | 0.2635 | 113.01 | 27.08 | 6.49 | 118.79 | -- | 5.65 | -12.69 |
| Definity Financial Corp | 4.08bn | 354.40m | 5.18bn | 3.56k | 14.75 | 1.76 | 11.00 | 1.27 | 3.03 | 3.03 | 35.14 | 25.41 | 0.5854 | -- | -- | -- | 5.13 | -- | -- | -- | -- | -- | 8.77 | 5.53 | -- | 95.50 | 0.0471 | 14.96 | 22.92 | 10.52 | 215.69 | -- | 12.07 | -- |
| Kemper Corp | 6.52bn | -164.28m | 5.33bn | 8.10k | -- | 1.51 | -- | 0.8177 | -1.90 | -1.90 | 74.58 | 40.24 | 0.3681 | -- | -- | 591,444.40 | -0.9374 | 0.3817 | -- | -- | -- | -- | -2.55 | 0.9843 | -- | 4.90 | 0.3493 | 151.77 | -12.24 | 5.42 | 5.06 | -- | -3.80 | 5.25 |
| Assured Guaranty Ltd. | 1.09bn | 1.04bn | 5.72bn | 350.00 | 5.91 | 0.7558 | -- | 5.24 | 13.06 | 13.06 | 13.64 | 102.19 | 0.0554 | -- | -- | 2,291,429.00 | 5.37 | 2.68 | -- | -- | -- | -- | 96.88 | 51.39 | -- | -- | 0.2298 | 16.87 | 30.08 | -4.81 | 495.97 | 7.45 | -- | 11.84 |
| White Mountains Insurance Group Ltd | 3.11bn | 760.45m | 6.08bn | 782.00 | 7.98 | 1.01 | -- | 1.96 | 221.14 | 221.14 | 903.63 | 1,742.35 | 0.2601 | -- | -- | 2,918,287.00 | 7.01 | 3.86 | -- | -- | -- | -- | 26.97 | 19.61 | -- | 15.28 | 0.0981 | 1.21 | 87.12 | 42.47 | 563.10 | -- | -- | 0.00 |
| Radian Group Inc | 1.70bn | 813.55m | 6.47bn | 1.10k | 8.38 | 1.08 | 7.72 | 3.81 | 3.77 | 3.77 | 7.87 | 29.30 | 0.167 | -- | -- | 1,135,806.00 | 7.99 | 8.23 | -- | -- | -- | -- | 47.84 | 44.79 | -- | 9.18 | 0.2793 | 16.21 | 4.19 | -0.5146 | -18.82 | -0.0956 | -8.94 | 145.95 |
| Hanover Insurance Group Inc | 8.30bn | 219.14m | 6.73bn | 4.80k | 31.81 | 1.96 | 29.80 | 0.8111 | 4.32 | 4.37 | 167.70 | 70.27 | 0.425 | -- | -- | 1,269,958.00 | 1.12 | 2.01 | -- | -- | -- | -- | 2.64 | 5.18 | -- | 54.37 | 0.237 | 46.16 | 8.44 | 5.78 | -71.32 | -32.50 | -1.90 | 8.12 |
| Enact Holdings Inc | 1.58bn | 885.41m | 6.75bn | 465.00 | 7.80 | 1.05 | -- | 4.26 | 4.04 | 4.04 | 7.23 | 29.89 | 0.1917 | -- | -- | 2,503,921.00 | 10.71 | 10.61 | -- | -- | -- | -- | 55.87 | 52.24 | -- | 17.29 | 0.1367 | 22.40 | 5.36 | 6.52 | -5.49 | 7.97 | -- | -- |
| MGIC Investment Corp | 1.59bn | 997.00m | 7.69bn | 627.00 | 8.15 | 1.12 | 7.39 | 4.85 | 2.60 | 2.60 | 4.14 | 18.97 | 0.1809 | -- | -- | 1,858,849.00 | 11.37 | 10.03 | -- | -- | -- | -- | 62.85 | 56.24 | -- | 26.72 | 0.112 | 13.67 | -1.51 | 0.5501 | -17.61 | 1.25 | -32.47 | -- |
Data as of May 17 2024. Currency figures normalised to Definity Financial Corp's reporting currency: Canadian Dollar CAD
20.07%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| T. Rowe Price International Ltd.as of 31 Mar 2024 | 3.98m | 3.43% |
| Fidelity Management & Research Co. LLCas of 31 Mar 2024 | 2.88m | 2.49% |
| 1832 Asset Management LPas of 29 Feb 2024 | 2.70m | 2.33% |
| The Vanguard Group, Inc.as of 05 Apr 2024 | 2.55m | 2.20% |
| T. Rowe Price Associates, Inc. (Investment Management)as of 31 Mar 2024 | 2.39m | 2.06% |
| BC Investment Management Corp.as of 31 Mar 2023 | 2.17m | 1.87% |
| Leith Wheeler Investment Counsel Ltd.as of 31 Dec 2023 | 1.79m | 1.54% |
| Canoe Financial LPas of 31 Dec 2023 | 1.76m | 1.52% |
| Manulife Investment Management Ltd.as of 31 Dec 2023 | 1.71m | 1.48% |
| RBC Global Asset Management, Inc.as of 30 Jun 2023 | 1.32m | 1.14% |
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Data from 31 Dec 2023 - 09 May 2024Source: FactSet Research Systems Inc.
