Definity Financial Q4 Earnings Call Highlights
Definity Financial logo Definity delivered strong FY2025 results with operating EPS of CAD 3.53 (up ~33%), a combined ratio of 91.6%, operating ROE of 12.2%, and book value per share up about 16%. The acquisition of Travelers’ Canadian business (closed Jan 2, 2026) adds roughly CAD 1.5 billion of premiums, supports guidance of >CAD 6.5 billion GWP in 2026 (+35%), and targets at least CAD 100 million of annual cost synergies over three years, with policy conversions starting in Q2 2026 and 2026 expected to be a transition year for combined ratios. Invested assets are just north of CAD 9 billion with a blended yield ~3.4%, net investment income is expected to exceed CAD 300 million in 2026, and the national broker platform (CAD 94m operating income in 2025) is projected to grow...










