Definity Financial Announces $1 Billion Private Placement to Fund Acquisition

The latest announcement is out from Definity Financial Corp. ( (TSE:DFY) ).

Definity Financial Corporation announced a $1 billion private placement of senior unsecured notes in two series to accredited investors in Canada. The proceeds from this placement are intended to fund part of the acquisition of the Canadian operations of The Travelers Companies, Inc. This strategic move is expected to strengthen Definity’s market position in the Canadian insurance industry. The private placement is co-led by RBC Capital Markets and TD Securities and is subject to customary conditions, with an expected closing date of September 12, 2025.

The most recent analyst rating on (TSE:DFY) stock is a Buy with a C$81.00 price target. To see the full list of analyst forecasts on Definity Financial Corp. stock, see the TSE:DFY Stock Forecast page.

Spark’s Take on TSE:DFY Stock

According to Spark, TipRanks’ AI Analyst, TSE:DFY is a Outperform.

Definity Financial Corp. has a strong financial foundation with solid profitability and a robust balance sheet, which are the most significant factors supporting its stock score. Technical analysis presents a mixed picture with no strong momentum signals, while the valuation suggests the stock may be slightly overvalued. The absence of earnings call data and notable corporate events limits additional insights into the company’s future prospects.

To see Spark’s full report on TSE:DFY stock, click here.

More about Definity Financial Corp.

Definity Financial Corporation is a leading property and casualty insurer in Canada, with over $4.6 billion in gross written premiums for the 12 months ended June 30, 2025, and approximately $3.8 billion in equity attributable to common shareholders as of the same date.

Average Trading Volume: 144,793

Technical Sentiment Signal: Buy

Current Market Cap: C$8.95B

For an in-depth examination of DFY stock, go to TipRanks’ Overview page.