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Definity Financial Corp T.DFY

Alternate Symbol(s):  DFYFF

Definity Financial Corporation is a property and casualty insurer in Canada. It provides service and reliable insurance coverage, whether through a licensed broker or its digital direct channel. It offers both personal and commercial insurance products. It offers auto, property, liability, and pet insurance products to individual customers. Its commercial lines insurance operations include fleet, individually rated commercial auto, property, liability and specialty insurance products, which are provided to businesses of all sizes in Canada. The Company’s brands include Economical Insurance, Sonnet Insurance Company, Family Insurance Solutions Inc., and Petline Insurance Company. Petline Insurance Company is a pet health insurance company. Family Insurance Solutions Inc. is a distributor of home and optional auto insurance in British Columbia. Economical Insurance is a property and casualty insurance company. Sonnet Insurance Company helps to purchase insurance directly online.


TSX:DFY - Post by User

Post by retiredcfon Aug 18, 2024 2:09pm
160 Views
Post# 36185027

Comparison

ComparisonWhich of these three offer the best growth potential over the next 5 years and why ? I can handle moderate risk. Which offers the best entry price ? Are there other CDN listed insurance companies I should consider ?

DFY (property and casualty insurance) – consensus growth estimate over the next few years 6%-8%

IFC (property and casualty insurance and auto insurance) - consensus growth estimate over the next few years 6%

TSU (specialty insurance) - consensus growth estimate over the next few years 10%-12%.

TSU has the best growth, as the company reinvested the majority of its earnings back, and volume growth in TSU’s recent quarters is quite healthy. While TSU has the strongest growth, we think IFC could be the most balanced name between capital returns and growth. 

Best entry price: TSU - $37, IFC - $242.

Another CDN-listed insurance company to consider is FFH (run by the CEO who used to be considered as the Warren Buffet of Canada)  (5iResearch)

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