We are one of the leading P&C insurers in Canada, offering auto, property, liability, pet, and specialty insurance solutions through multiple distribution channels. We are the sixth largest provider of P&C insurance in Canada, with approximately $4.4 billion in gross written premiums (“GWP”) for the year ending December 31, 2024.
We offer both personal and commercial insurance products. Through our personal lines insurance operations, which represented 69% of our GWP in 2024, we offer auto, property, liability, and pet insurance products to individual customers. Our commercial lines insurance operations, which represented 31% of our GWP in 2024, includes fleet, individually-rated commercial auto, property, liability and specialty insurance products, which are provided to businesses of all sizes in Canada.
As a multi-channel insurer, we distribute our products on a primarily intermediated basis, through brokers, as well as directly to customers. We have active relationships with a network of over 600 independent brokerage firms and a broker base of more than 30,000 individual brokers. Our direct distribution channel includes Sonnet Insurance (“Sonnet”); our pet insurer Petline Insurance (“Petline”); and portions of our group insurance offering. In 2024, broker and direct distribution represented 91% and 9%, respectively, of our total GWP.
We have a national presence and conduct business in all provinces and territories of Canada. Ontario is our largest market, representing 59% of GWP in 2024.
As publicly traded instruments, these securities are available through regular retail brokerage investment services. Definity Financial Corporation does not offer direct investing.
The common shares of Definity Financial Corporation (TSX: DFY) debuted on the Toronto Stock Exchange on November 23, 2021, in connection with the demutualization of Economical Insurance. Definity's common shares were added to the S&P/TSX Composite Index, the headline index and principal benchmark for the Canadian equity markets, prior to the market open on June 20, 2022.
Yes we do. We intend to have a sustainable and growing quarterly dividend per common share that will be reviewed on a regular basis. More details can be found here.
You may be contacted by third parties with unsolicited offers to purchase your common shares, often at prices below market value, commonly referred to as a mini-tender offer. Securities regulators in Canada and the U.S. recommend that investors exercise caution with these types of offers.
Definity is not associated with these offers and does not endorse or approve them. If you are contacted with an offer to purchase your Definity shares or have any questions with respect to your shares, please speak with your investment advisor or contact our transfer agent Computershare Investor Services Inc. at 1-800-564-6253 to explore your options.
This includes the unsolicited offers from Adjutant LLC. Learn more here.