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An announcement from Definity Financial Corp. ( (TSE:DFY) ) is now available.
Definity Financial Corp. reported robust financial results for Q4 and the full year 2024, with significant growth in gross written premiums and operating net income. Despite industry challenges, the company achieved a combined ratio of 90.3% in Q4 and 94.5% for the year, reflecting its strong business model and resilience. The increase in book value per share and a substantial dividend hike underscore Definity’s solid financial position and operational confidence. The company’s strategic focus on underwriting profits and the expansion of its broker platform contributed to its successful performance, enhancing its market position and shareholder returns.
More about Definity Financial Corp.
Definity Financial Corp. operates in the financial sector, focusing on property and casualty insurance. The company offers commercial lines, personal auto, and property insurance, with a strong market presence in Canada.
YTD Price Performance: 5.99%
Average Trading Volume: 123,164
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$7.13B
See more data about DFY stock on TipRanks’ Stock Analysis page.
