Definity Financial Corporation's Q3 2025 earnings call reflects strong financial performance, with record results, significant growth in book value, and successful strategic initiatives. The company faces challenges in certain segments such as personal auto growth and increased competition in the large account commercial segment. However, the overall sentiment is positive due to the company's strong execution, profitability in key areas, and strategic progress, particularly with the Travelers transaction.

Company Guidance

During the third quarter of 2025, Definity Financial Corporation reported record results, driven by strong underwriting performance, increased net investment income, and continued growth in its insurance broker platform. The company achieved an operating net income of $125.2 million, or $1.03 per share, with a combined ratio of 89.4%, significantly outperforming expectations. Gross written premiums rose by 7.5% in the quarter, surpassing $4.7 billion over the last 12 months. The book value per share increased by 24% year-over-year to $33.43, benefiting from robust financial results and private placements linked to the Travelers transaction. The operating return on equity reached 12.5% over the past year, supported by improvements in Sonnet's profitability and efficiency initiatives. Looking forward, Definity remains on track to achieve mid-teens operating ROE post-Travelers integration, with expectations for continued firm market conditions in both personal property and auto lines. The company's national broker platform also performed strongly, contributing over $73 million year-to-date to operating results, well ahead of the targeted 20% increase for 2025.

Record Q3 Results and Growth

Definity reported record third quarter results, including a strong underwriting performance, higher net investment income, and continued momentum in their insurance broker platform, resulting in a Q3 operating net income of $125.2 million or $1.03 per share.

Sub-90 Combined Ratio Achieved

The company achieved a sub-90 combined ratio of 89.4%, surpassing expectations due to improved operational efficiency and lower catastrophe losses.

Significant Increase in Book Value

Definity's book value per share increased by 24% year-over-year, reaching $33.43, driven by strong financial results and private placements of common shares.

Strong Personal Property Performance

Personal property premiums grew by 9.3% in Q3, with a robust combined ratio of 83.6% compared to 124.9% in Q3 2024.

Commercial Insurance Growth and Profitability

Commercial insurance premiums grew by 7.5% in Q3 and 9.2% year-to-date, with a strong combined ratio of 88.1% in Q3 2025.

Successful $1 Billion Bond Offering

Definity completed a $1 billion private placement of senior unsecured notes as part of the financing strategy for the Travelers transaction.

Sonnet Achieves Profitability

Sonnet continues to generate profit for the year, marking four consecutive quarters of profitability.

Definity Financial Corp. (TSE:DFY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:DFY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 12, 2026	2025 (Q4)	0.91 / -	0.95	―	―	―
Nov 06, 2025	2025 (Q3)	0.79 / 1.03	0.13	692.31% (+0.90)	―	―
Jul 31, 2025	2025 (Q2)	0.77 / 0.84	0.94	-10.64% (-0.10)	―	―
May 08, 2025	2025 (Q1)	0.69 / 0.65	0.65	0.00% (0.00)	―	―
Feb 13, 2025	2024 (Q4)	0.89 / 0.95	0.86	10.47% (+0.09)	―	―
Nov 07, 2024	2024 (Q3)	0.04 / 0.13	0.15	-13.33% (-0.02)	―	―
Aug 01, 2024	2024 (Q2)	0.64 / 0.94	0.56	67.86% (+0.38)	―	―
May 09, 2024	2024 (Q1)	0.71 / 0.65	0.54	20.37% (+0.11)	―	―
Feb 15, 2024	2023 (Q4)	0.71 / 0.86	0.67	28.36% (+0.19)	―	―
Nov 09, 2023	2023 (Q3)	0.03 / 0.15	0.4	-62.50% (-0.25)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:DFY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2025	C$67.65	C$70.20	+3.77%
Jul 31, 2025	C$74.46	C$73.60	-1.15%
May 08, 2025	C$68.86	C$66.44	-3.53%
Feb 13, 2025	C$62.49	C$61.16	-2.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Definity Financial Corp. (TSE:DFY) report earnings?

Definity Financial Corp. (TSE:DFY) is schdueled to report earning on Feb 12, 2026, After Close (Confirmed).

What is Definity Financial Corp. (TSE:DFY) earnings time?

Definity Financial Corp. (TSE:DFY) earnings time is at Feb 12, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What is TSE:DFY EPS forecast?

TSE:DFY EPS forecast for the fiscal quarter 2025 (Q4) is 0.91.

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