Definity Financial Corp T.DFY

Alternate Symbol(s): DFYFF

Financial Services Insurance - Property & Casualty

Definity Financial Corporation, through its subsidiaries, offers property and casualty (P&C) insurance in Canada. The Company provides service and insurance coverage, through a licensed broker or our digital direct channel. It offers both personal and commercial insurance products. 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 Mutual Insurance Company, Sonnet Insurance Company, Family Insurance Solutions Inc., and Petline Insurance Company. The Economical Mutual Insurance Company is a property and casualty insurer that is distributed by licensed broker partners. The Sonnet Insurance Company helps to purchase insurance directly online. The Family Insurance Solutions Inc is a distributor of home and optional auto insurance in British Columbia.

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Definity Financial Corp > Stephen Takacsy - BNN - PAST TOP PICK

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Post by Possibleidiot01on Mar 28, 2024 3:24pm

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Post# 35958789

Stephen Takacsy - BNN - PAST TOP PICK

PAST TOP PICK

(A Top Pick Mar 27/23, Up 29%)

Very strong results recently. Premiums more than covered expenses. Raised dividend by 16%. Now allowed to lever balance sheet to make acquisitions. Growing faster than IFC, which is #1 in Canada. Trades at big discount (1.8x book value) to IFC (2.8x). Really good upside.

Swiss Reinsurance just purchased 10% of company. Possible creeping takeover? DFY is either going to make acquisitions or be acquired. Good time to buy.

Financial Services

$43.060