Categories
Picks Update

Definity Financial Corporation (TSX: DFY)

Previously known as the Economical Mutual Fire Insurance Company of Canada

Definity is sixth largest P&C company in Canada, with over 3,200 employees and direct premiums written of $4.4 billion in 2024. It distributes its products through 600 independent brokers, making it the fourth largest company in this channel. CEO Rowan Saunders launched Sonnet, the first digital P&C brand, in 2019. It now accounts for 14% of DFY’s premiums. Definity also owns Petline, the largest provider of pet insurance in Canada, a fast-growing field.


Wealth Builder

Sorry!

Only current subscribers of the Internet Wealth Builder may view the details of this recommendation.


Income Investor

Sorry!

Only current subscribers of The Income Investor may view the details of this recommendation.


Interactive Performance Chart

DFY was first recommended here on November 8, 2022