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Definity Financial

Canadian P&C insurer with digital channels

Analyst – Corporate Development

Full-TimePosted on 7/4/2025
$69k - $127k/yr
Mid, Senior
Bachelor's
Toronto, ON, Canada
In Person
Finance & BankingInvestment Banking, Corporate Finance & FP&A

About the job

Requirements
  • 2-5 years of work experience (including co-op or internships), in finance, accounting, or related fields, preferably with experience in investment banking, private equity, corporate development, M&A transaction advisory, or management consulting.
  • Completed university degree, preferably within finance, accounting, or engineering with top academic performance
  • Advanced Excel and PowerPoint skills are required; experience with LBO or transaction modeling is a plus
  • Strong analytical mindset and attention to detail, and on occasion manage multiple priorities under tight timelines
  • CPA, or CFA Designation is an asset
  • High degree of proficiency with English is required to service customers, both internal to the company and external, across Canada.
Responsibilities
  • Support a highly acquisitive Corporate Development team and collaborate with cross-functional groups including Finance, Investor Relations, Capital Management, and Reinsurance.
  • Help drive Definity’s inorganic growth strategy across a wide array of industries—carriers, brokers, and new vertical markets.
  • Assist in the execution of new investment opportunities and divestiture transactions, including but not limited to deal sourcing, due diligence, financial modelling and analysis, investment presentations, and integration support.
  • Monitor market activity and maintain benchmarking tools to inform executive decision-making.
  • Deliver insights through credit analysis, monthly KPI reporting, and ad hoc strategic requests from executive leadership as required.
Desired Qualifications
  • Experience with LBO or transaction modeling is a plus

About the company

Definity Financial is a Canadian property and casualty insurer that serves individuals and businesses through multiple channels, offering a broad range of coverage options. Its products are delivered via a mix of direct, broker, and digital channels, and the company emphasizes continuous improvement and innovation to meet evolving needs. The business model relies on insurance premiums and strategic investments, with a focus on transforming into a digital leader and expanding market capabilities to grow reach and profitability. Definity differentiates itself through its long-standing heritage from Economical Insurance, its multi-channel distribution, and its commitment to leveraging technology and investments to better serve customers, broker partners, employees, and communities in a changing market.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Canada

Founded

1871

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Simplify's Take

What believers are saying

  • Q2 2026 gross written premiums jumped 34.7%, reaching Definity's CAD 6.5 billion target path.
  • Management raised Travelers synergy targets 25% to CAD 125 million after strong conversion progress.
  • Definity reported 12.5% trailing operating ROE and over CAD 1.2 billion financial capacity on July 30, 2026.

What critics are saying

  • Definity disclosed litigation and regulatory actions tied to demutualization, IPO, and COVID-19 class actions.
  • CatIQ logged CAD 2.4 billion insured catastrophe losses in Canada during 2025, squeezing pricing.
  • Climate losses can make property coverage uninsurable, a direct existential threat Definity itself acknowledges.

What makes Definity Financial unique

  • Definity became Canada's top-five P&C insurer after closing Travelers Canada on January 2, 2026.
  • Google Cloud Gemini Enterprise reached Definity's workforce on March 26, 2026, broadening AI adoption.
  • Definity's multi-channel model spans Economical, Sonnet, and broker distribution across Canadian P&C lines.

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Benefits

  • Hybrid Work Options

Company News

Business Insider
Oct 16th, 2026
Definity Financial Corp. (DFY) gets a Hold from Raymond James.

Definity Financial Corp. (DFY) gets a Hold from Raymond James. Oct. 16, 2026, 04:05 PM Raymond James analyst maintained a Hold rating on Definity Financial Corp. today and set a price target of C$84.00. In addition to Raymond James, Definity Financial Corp. also received a Hold from CIBC's Paul Holden in a report issued today. However, on October 14, RBC Capital maintained a Buy rating on Definity Financial Corp. (TSX: DFY). Based on Definity Financial Corp.'s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$2.05 billion and a net profit of C$152.4 million. In comparison, last year the company earned a revenue of C$1.2 billion and had a net profit of C$75.1 million Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DFY in relation to earlier this year. Read More on TSE:DFY:

Newswire
Sep 22nd, 2026
Definity Chief Executive Officer Rowan Saunders to participate in fireside chat at 25th Annual CIBC Eastern Institutional Investor Conference.

Definity Chief Executive Officer Rowan Saunders to participate in fireside chat at 25th Annual CIBC Eastern Institutional Investor Conference. Sep 22, 2026, 08:00 ET WATERLOO, ON, Sept. 22, 2026 /CNW/ - Rowan Saunders, President and Chief Executive Officer of Definity Financial Corporation (TSX: DFY), will participate in a fireside chat as part of the 25th Annual CIBC Eastern Institutional Investor Conference on Thursday, September 24, 2026 at 10:30 a.m. ET. The full webcast will be archived on our website for 90 days. About Definity Financial Corporation Definity Financial Corporation ("Definity", which includes its subsidiaries where the context so requires) is one of the leading property and casualty insurers in Canada, with approximately $6.4 billion in gross written premiums (pro forma with the Travelers Transaction) for the 12 months ended June 30, 2026 and $4.2 billion in equity attributable to common shareholders as at June 30, 2026. SOURCE Definity Financial Corporation Investor inquiries: Dennis Westfall, VP, Investor Relations, (C) 416-435-5568, [email protected]; Media inquiries: Sarah Attwells, AVP, Corporate Communication, (C) 226-753-1130, [email protected]

MarketBeat
Aug 5th, 2026
Definity Financial (TSE:DFY) reaches new 52-week high - time to buy?

Definity Financial (TSE:DFY) reaches new 52-week high - time to buy? August 5, 2026 Key points. * Definity Financial reached a new 52-week high, trading as high as C$82.59 and most recently at C$82.20. The company has a market capitalization of approximately C$9.77 billion. * Analysts have raised their price targets, with estimates ranging from C$84 to C$96. The stock has a "Moderate Buy" consensus rating and an average target of C$83.40, based on four Buy and four Hold ratings. * Definity reported quarterly EPS of C$0.97 on revenue of C$2.05 billion, alongside an 11.45% return on equity and a 7.22% net margin. An insider recently sold 5,000 shares, while insiders collectively own 0.50% of the company. * Interested in Definity Financial? Here are five stocks we like better. Shares of Definity Financial Co. (TSE:DFY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$82.59 and last traded at C$82.20, with a volume of 9279 shares changing hands. The stock had previously closed at C$81.78. Analysts set new price targets. Several analysts have recently weighed in on DFY shares. Jefferies Financial Group upped their price objective on Definity Financial from C$83.00 to C$91.00 and gave the company a "buy" rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce lifted their target price on Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. TD boosted their price target on shares of Definity Financial from C$89.00 to C$93.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Raymond James Financial boosted their price target on shares of Definity Financial from C$80.00 to C$85.00 and gave the stock a "market perform" rating in a research report on Friday, July 31st. Finally, National Bank Financial upped their price target on shares of Definity Financial from C$94.00 to C$96.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$83.40. Definity Financial stock down 0.6%. The stock has a market cap of C$9.77 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.63 and a beta of -0.05. The company's 50-day simple moving average is C$74.60 and its 200-day simple moving average is C$69.90. Definity Financial (TSE:DFY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%.The company had revenue of C$2.05 billion for the quarter. As a group, analysts expect that Definity Financial Co. will post 3.1263962 EPS for the current fiscal year. Insider activity. In other news, insider Brigid V. Pelino sold 5,000 shares of the business's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the sale, the insider directly owned 74,109 shares of the company's stock, valued at C$5,335,848. The trade was a 6.32% decrease in their ownership of the stock. 0.50% of the stock is owned by company insiders. Definity Financial company profile. Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Discover more Stock Screener Tool Stock Average Calculator Continue following MarketBeat Before you consider Definity Financial, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Definity Financial wasn't on the list. While Definity Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Yahoo Finance
Aug 1st, 2026
Definity Financial raises synergy target 25% to $91M after Travelers integration

Definity Financial reported strong Q2 results, with gross written premiums rising 34.7% year-over-year to C$1.8 billion and operating earnings per share up 15.5%. Operating net income reached C$118 million. The company's integration of its Travelers acquisition is progressing ahead of schedule. Definity has converted over 40,000 policies and achieved C$52 million in run-rate expense synergies six months after closing. The insurer raised its annual synergy target by 25% to C$125 million. Definity ended the quarter with more than C$1.2 billion in financial capacity, a 26.5% debt-to-capital ratio, and a 12.5% trailing operating return on equity. Management indicated the balance sheet can support organic growth and potential acquisitions. The company reaffirmed its goal of exceeding C$6.5 billion in annual premiums.

Yahoo Finance
May 18th, 2026
Canadian stocks trading below intrinsic value as TSX 2026 earnings growth revised higher

Finning International, which sells and services heavy equipment across Canada, Chile, the UK and Argentina, is trading below its estimated intrinsic value based on cash flows. The company has a market capitalisation of CA$13.35 billion and generates revenue of CA$10.64 billion. Definity Financial is trading at CA$67.91, significantly below its estimated fair value of CA$101.13 based on discounted cash flows. The property and casualty insurer's earnings are forecast to grow at 21.7% annually, outpacing the Canadian market's 10.7% growth rate. However, recent results showed net income declining to CA$63.9 million from CA$92 million year-on-year. The Canadian market has demonstrated resilience, with 2026 TSX earnings growth revised higher despite geopolitical challenges, supported by strong energy and materials sectors.

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