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Earnings

/C O R R E C T I O N -- Definity Financial Corporation/

By The Northwire Desk — AI Analysis Feb 13, 2026 · 15:51 DFY · 66.51 DEFINITY FINANCIAL CORPORATION
DFY · Price

Executive Summary

  • Definity reported Q4 2025 operating net income of C$120.7 M (up 10.3 % YoY) and full‑year operating net income of C$420.7 M, driven by higher underwriting income and investment returns.
  • The company completed the $3.3 B Travelers Transaction on Jan 2 2026, expanding pro‑forma gross written premiums to ≈ C$6.3 B (a top‑5 position in Canada).
  • Board declared a quarterly dividend of C$0.215 per share, a 14.7 % increase YoY, reflecting confidence in cash flow and capital strength.

Key Details

  • Gross Written Premiums (GWP)
  • Q4 2025: C$1,212.1 M (+9.2 % YoY); FY 2025: C$4,808.1 M (+8.1 % YoY).

  • Personal lines GWP up 10.4 % in Q4; Commercial lines GWP up 6.9 % in Q4.

  • Combined Ratio

  • Q4 2025: 89.9 % (down 0.4 pts YoY); FY 2025: 91.6 % (down 2.9 pts YoY).

  • Operating Net Income & EPS

  • Q4 2025 operating net income C$120.7 M; Operating EPS C$0.99.

  • FY 2025 operating net income C$420.7 M; Operating EPS C$3.53 (up 32.7 %).

  • Book Value & ROE

  • Book value per share: C$33.78 (↑16.0 % YoY).

  • Operating ROE FY 2025: 12.2 % (↑1.6 pts YoY).

  • Dividend

  • Declared C$0.215/share, payable Mar 23 2026; ↑14.7 % vs prior year.

  • Travelers Transaction

  • Completed Jan 2 2026; cash consideration ≈ C$3.3 B.

  • Adds ~C$1.5 B GWP, bringing pro‑forma annual GWP to C$6.3 B.

  • Equity & Capital Position

  • Equity attributable to shareholders: C$4,049.7 M (↑22.0 % YoY).

  • Financial capacity: C$2,892.0 M (↑C$1.24 B YoY), excluding $1.1 B term loan drawn for Travelers deal.

  • Conference Call

  • Feb 13 2026, 11:00 a.m. ET; webcast at www.definity.com.

Notable Quotes

“2025 was a transformational year… the additional premiums from our recently closed Travelers Transaction bring us to a pro‑forma C$6.3 B in combined annual gross written premiums, representing a top‑5 position in the industry.” – Rowan Saunders, President & CEO

“The approximately 15% increase in our quarterly dividend demonstrates our confidence in our operational outlook and strong capital position.” – Philip Mather, EVP & CFO

Read the original news release →

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Earnings