Definity Financial Corp
Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, includes fleet, commercial a… Read more
Definity Financial Corp (DFY) - Net Assets
Latest net assets as of September 2025: CA$4.25 Billion CAD
Based on the latest financial reports, Definity Financial Corp (DFY) has net assets worth CA$4.25 Billion CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$9.56 Billion) and total liabilities (CA$5.31 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$4.25 Billion |
| % of Total Assets | 44.42% |
| Annual Growth Rate | 16.82% |
| 5-Year Change | 92.85% |
| 10-Year Change | N/A |
| Growth Volatility | 9.34 |
Definity Financial Corp - Net Assets Trend (2019–2024)
This chart illustrates how Definity Financial Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Definity Financial Corp (2019–2024)
The table below shows the annual net assets of Definity Financial Corp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$3.51 Billion | +16.60% |
| 2023-12-31 | CA$3.01 Billion | +21.23% |
| 2022-12-31 | CA$2.48 Billion | +3.51% |
| 2021-12-31 | CA$2.40 Billion | +31.81% |
| 2020-12-31 | CA$1.82 Billion | +12.85% |
| 2019-12-31 | CA$1.61 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Definity Financial Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 34.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.06 Billion | 31.87% |
| Common Stock | CA$2.22 Billion | 66.88% |
| Other Comprehensive Income | CA$-1.10 Million | -0.03% |
| Other Components | CA$42.40 Million | 1.28% |
| Total Equity | CA$3.32 Billion | 100.00% |
Definity Financial Corp Competitors by Market Cap
The table below lists competitors of Definity Financial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Valaris Ltd
NYSE:VAL
|
$5.52 Billion |
|
Turkiye Halk Bankasi
IS:HALKB
|
$5.53 Billion |
|
DB Insurance Co Ltd
KO:005830
|
$5.53 Billion |
|
Tongling Nonferrous Metals Group Co Ltd
SHE:000630
|
$5.53 Billion |
|
Macronix International Co Ltd
TW:2337
|
$5.52 Billion |
|
Leo Group Co Ltd
SHE:002131
|
$5.52 Billion |
|
KEDA INDL GRP.C.LTD GDR A
F:T0T
|
$5.51 Billion |
|
DFYFF
PINK:DFYFF
|
$5.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Definity Financial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,847,700,000 to 3,319,800,000, a change of 472,100,000 (16.6%).
- Net income of 430,400,000 contributed positively to equity growth.
- Dividend payments of 73,700,000 reduced retained earnings.
- Share repurchases of 68,300,000 reduced equity.
- Other comprehensive income increased equity by 25,900,000.
- Other factors increased equity by 157,800,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$430.40 Million | +12.96% |
| Dividends Paid | CA$73.70 Million | -2.22% |
| Share Repurchases | CA$68.30 Million | -2.06% |
| Other Comprehensive Income | CA$25.90 Million | +0.78% |
| Other Changes | CA$157.80 Million | +4.75% |
| Total Change | CA$- | 16.58% |
Book Value vs Market Value Analysis
This analysis compares Definity Financial Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.92x to 2.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$13.97 | CA$68.81 | x |
| 2020-12-31 | CA$15.77 | CA$68.81 | x |
| 2021-12-31 | CA$22.74 | CA$68.81 | x |
| 2022-12-31 | CA$20.29 | CA$68.81 | x |
| 2023-12-31 | CA$24.42 | CA$68.81 | x |
| 2024-12-31 | CA$28.50 | CA$68.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Definity Financial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.55%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.32x
- Recent ROE (12.96%) is above the historical average (8.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 1.08% | 0.69% | 0.42x | 3.70x | CA$-143.70 Million |
| 2020 | 8.47% | 5.71% | 0.41x | 3.64x | CA$-27.90 Million |
| 2021 | 8.90% | 7.31% | 0.37x | 3.29x | CA$-26.43 Million |
| 2022 | 4.68% | 3.70% | 0.36x | 3.51x | CA$-126.29 Million |
| 2023 | 12.29% | 8.68% | 0.56x | 2.55x | CA$65.33 Million |
| 2024 | 12.96% | 9.55% | 0.59x | 2.32x | CA$98.42 Million |
Industry Comparison
This section compares Definity Financial Corp's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
No peer company data available for comparison.