TSX · Insurance - Property & Casualty · CAD

Definity Financial Corporation (DFY.TO) Stock Analysis

Definity Financial Corporation (DFY.TO) is a Insurance - Property & Casualty stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

DFY.TO

CA$72.80

+CA$1.46 (+2.05%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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DFY.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$71.33
Previous Close: CA$71.34
Day's Range: 71.29–72.90
52-Week Range: 61.87–82.59
Volume: 139.78K
Beta: 0.14

Valuation

Market Cap: CA$8.74B
P/E Ratio: 19.06
Forward P/E: 15.63
P/S ratio: 1.46
EPS (ttm): 3.82

Financials (FY)

Revenue (FY): CA$4.87B+8.14%
Net Income (FY): CA$418.20M−2.83%
Profit margin: 7.80%
Shares Outstanding: 120.12M
1-Year Return: +13.24%

Dividend and dates

Dividend: CA$0.86+1.21%
Ex-Dividend Date: September 11, 2026
Earnings Date: November 5, 2026
Avg Volume: 178.74K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, DFY.TO closed at CA$72.80, +13.24% over 1 year.

Definity Financial Corporation (DFY.TO) has a market capitalization of CA$8.74B.

In fiscal 2025, DFY.TO reported revenue of CA$4.87B.

DFY.TO Stock Return by Calendar Year

Definity Financial Corporation (DFY.TO) return since Nov 2021: what CA$10,000 became

1 year: CA$10,000 CA$11,324; +13.24%
3 years: CA$10,000 CA$20,002; +100.02%
Since Nov 2021: CA$10,000 CA$28,482; +184.82%

If you had invested CA$10,000 in Definity Financial Corporation (DFY.TO) at the close on November 18, 2021, the earliest close on record here, it would have been worth CA$28,482 at the close on October 21, 2026: +184.82% in total, +23.69% a year, with dividends reinvested, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+8.69%+32.39%−0.93%+57.75%+31.30%−3.53%

2021*20222023202420252026*

Year	Return
2026 (partial year)	−3.53%
2025	+31.30%
2024	+57.75%
2023	−0.93%
2022	+32.39%
2021 (partial year)	+8.69%

As of October 21, 2026.

DFY.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$4.87B	CA$418.20M	8.6%
2024	CA$4.51B	CA$430.40M	9.5%
2023	CA$4.03B	CA$350.10M	8.7%
2022	CA$2.99B	CA$110.90M	3.7%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$4.87B	—	—	CA$418.20M	8.6%
2024	CA$4.51B	—	—	CA$430.40M	9.5%
2023	CA$4.03B	—	—	CA$350.10M	8.7%
2022	CA$2.99B	—	—	CA$110.90M	3.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

DFY.TO Dividend History

’22’23’24’25’26*

CA$0.75+17.5% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.65	3	—
2025	CA$0.75	4	+17.5%
2024	CA$0.64	4	+15.9%
2023	CA$0.55	4	+0.4%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.65	3	—
2025	CA$0.75	4	+17.5%
2024	CA$0.64	4	+15.9%
2023	CA$0.55	4	+0.4%
2022	CA$0.55	4	—

Most recent payment: CA$0.22 per share, ex-dividend September 11, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

DFY.TO Valuation vs Insurance - Property & Casualty Median

Median of 48 stocks

Metric	DFY.TO	Insurance - Property & Casualty median	vs median
P/E	19.06	11.13	71% above
P/S ratio	1.46	1.45	1% above
Profit margin	7.80%	11.77%	4.0 pts below

Medians across 48 Insurance - Property & Casualty stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Definity Financial Corporation (DFY.TO) carries a market capitalisation of CA$8.74B. It is classified in the Insurance - Property & Casualty industry, within the Financial Services sector. The company reports 3,462 employees.

The most recent close on file for DFY.TO is CA$72.80, dated October 21, 2026. That is +CA$1.46 (+2.05%) against the previous close. The 52-week range on file runs from CA$61.87 to CA$82.59. The latest close sits 17.67% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$4.87B. That is +8.14% against the prior fiscal year, when revenue was CA$4.51B. Net income for the same year was CA$418.20M. That is −2.83% against the prior fiscal year. Profit margin runs at 7.8%. That is 4 percentage points below the Insurance - Property & Casualty median of 11.77%. Earnings per share on a trailing basis come to 3.82.

Across the 4 fiscal years on file, revenue moves from CA$2.99B in 2022 to CA$4.87B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 19.06 times earnings. That is 71.33% above the Insurance - Property & Casualty median of 11.13. On forward earnings the ratio is 15.63. Measured against sales, the shares trade at 1.46 times revenue. On price-to-sales that is 0.97% above the Insurance - Property & Casualty median of 1.45. The medians here are taken across 48 Insurance - Property & Casualty companies that report the metric.

The trailing one-year total return is +13.24%. Across 3 years the annualized return works out at +26.00%. The reported beta is 0.14. Annualized volatility over the trailing 4 years is 22.89%.

Growth & Income

DFY.TO pays a dividend yielding 1.21%. That is 0.1 percentage points below the Insurance - Property & Casualty median yield of 1.31%. At the indicated rate that is CA$0.86 a share a year. The ex-dividend date on file is September 11, 2026. Dividends are recorded for 5 calendar years; 2026 shows 3 payments totalling CA$0.65 a share. The year before, 2025, totalled CA$0.75 a share.

So far in 2026 the total return is −3.53%. The strongest complete calendar year on file is 2024 at +57.75%; the weakest is 2023 at −0.93%. Of the 4 complete calendar years on file, 3 finished higher.

Peer Comparison

Definity Financial Corporation (DFY.TO) operates in the Insurance - Property & Casualty industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Definity Financial Corporation	DFY.TO	CA$8.74B	19.1
Chubb Limited	CB	$138.81B	12.7
The Progressive Corporation	PGR	$128.47B	11.2
The Travelers Companies, Inc.	TRV	$83.21B	10.5

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Insurance - Property & Casualty industry average P/E ratio is 11.1x. Definity Financial Corporation trades at a P/E of 19.1.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Definity Financial Corporation

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, and pet insurance products to individuals under the Economical, Sonnet, Family, and Petline brands; and commercial insurance products, includes fleet, commercial auto, property, liability, and specialty insurance products to businesses. The company distributes its products on a primarily intermediated basis and through brokers, as well as directly to customers. It markets its commercial insurance products to small businesses and mid-market companies. The company was formerly known as Economical Holdings Corporation and changed its name to Definity Financial Corporation in August 2021. Definity Financial Corporation was founded in 1871 and is headquartered in Waterloo, Canada.

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