Definity Financial Corp
TSX:DFY

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Definity Financial Corp
TSX:DFY
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Price: 58.34 CAD 0.5%
Market Cap: 6.8B CAD
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Definity Financial Corp
Investor Relations

Definity Financial Corp., a notable name in the realm of Canadian insurance, commands attention with its calculated evolution from a regional player to a significant force in the industry. Its roots stem from the century-old Economical Mutual Insurance Company, an entity well-versed in navigating the fluctuating tides of the insurance sector. The turning point for Definity came through its demutualization process, a strategic transformation where it transitioned from a mutual company owned by its policyholders to a publicly traded entity. This move marked a bold step toward broadening its financial horizons and enhancing its strategic capabilities. Definity’s operational strategy revolves around offering a rich tapestry of personal and commercial insurance products, ranging from home, auto, and property insurance to specialized services catering to businesses. Through this comprehensive approach, Definity has adeptly built a diversified portfolio, tapping into various customer segments and ensuring steady revenue streams.

The way Definity makes money is a textbook example of the insurance business model: collecting premiums, investing them wisely, and skillfully managing claims. It thrives on its ability to underwrite risk accurately, setting premiums at levels that align with their clients’ risk profiles. This aptitude is complemented by disciplined expense management and a strategic investment portfolio designed to generate returns that contribute significantly to its profit margins. As claims fluctuate, Definity’s robust reserve management and reinsurance strategies buffer against exposures, ensuring that the firm can meet its obligations while maintaining profitability. By fusing traditional insurance practices with modern data analytics and digital customer engagement, Definity not only safeguards its current operations but also positions itself for sustainable growth in an increasingly competitive marketplace.

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Management

Mr. Rowan Saunders B.A.
CEO, President & Director
No Bio Available
Mr. Philip Mather B.Sc., B.Sc. (Hons), C.A., CA
Executive VP & CFO
No Bio Available
Mr. Innes Fraser Dey B.Sc. (Hons), LL.B
Senior Vice-President of Legal & Strategy
No Bio Available
Mr. Fabian Richenberger
Executive Vice-President of Commercial Insurance & Insurance Operations
No Bio Available
Mr. Paul MacDonald
Executive Vice President of Personal Insurance & Digital Channels
No Bio Available
Ms. Tatjana Lalkovic
Senior VP & CTO
No Bio Available
Mr. Dennis Westfall C.F.A., MBA
Head of Investor Relations
No Bio Available
Ms. Sarah Attwells
Assistant Vice President of Corporate Communication
No Bio Available
Ms. Brigid V. Pelino
Senior VP and Chief People & Culture Officer
No Bio Available
Mr. Liam McFarlane
Chief Risk & Actuarial Officer
No Bio Available

Contacts

Address
ONTARIO
Waterloo
111 Westmount Rd S., Po Box 2000
Contacts