Definity Financial Corp (DFY) - Net Assets
Based on the latest financial reports, Definity Financial Corp (DFY) has net assets worth CA$4.31 Billion CAD (≈ $3.12 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$13.21 Billion ≈ $9.56 Billion USD) and total liabilities (CA$8.90 Billion ≈ $6.44 Billion USD). 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. Check Definity Financial Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$4.31 Billion |
| % of Total Assets | 32.64% |
| Annual Growth Rate | 17.74% |
| 5-Year Change | 79.11% |
| 10-Year Change | N/A |
| Growth Volatility | 8.75 |
Definity Financial Corp - Net Assets Trend (2019–2025)
This chart illustrates how Definity Financial Corp's net assets have evolved over time, based on quarterly financial data. See Definity Financial Corp defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Definity Financial Corp (2019–2025)
The table below shows the annual net assets of Definity Financial Corp from 2019 to 2025. For live valuation and market cap data, see Definity Financial Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$4.29 Billion ≈ $3.10 Billion |
+22.42% |
| 2024-12-31 | CA$3.51 Billion ≈ $2.54 Billion |
+16.60% |
| 2023-12-31 | CA$3.01 Billion ≈ $2.18 Billion |
+21.23% |
| 2022-12-31 | CA$2.48 Billion ≈ $1.79 Billion |
+3.51% |
| 2021-12-31 | CA$2.40 Billion ≈ $1.73 Billion |
+31.81% |
| 2020-12-31 | CA$1.82 Billion ≈ $1.32 Billion |
+12.85% |
| 2019-12-31 | CA$1.61 Billion ≈ $1.17 Billion |
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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 14.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.38 Billion | 33.97% |
| Common Stock | CA$2.60 Billion | 64.19% |
| Other Comprehensive Income | CA$21.20 Million | 0.52% |
| Other Components | CA$53.00 Million | 1.31% |
| Total Equity | CA$4.05 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 |
|---|---|
|
AAK AB
ST:AAK
|
$6.29 Billion |
|
GDS Holdings Limited
F:G40
|
$6.29 Billion |
|
GATX Corporation
NYSE:GATX
|
$6.29 Billion |
|
Liberty Live Holdings, Inc. Series C Liberty Live Group Common Stock
NASDAQ:LLYVK
|
$6.29 Billion |
|
VSXY
NYSE:VSXY
|
$6.27 Billion |
|
Max Financial Services Limited
NSE:MFSL
|
$6.27 Billion |
|
Cleveland-Cliffs Inc
NYSE:CLF
|
$6.27 Billion |
|
TG Therapeutics Inc
NASDAQ:TGTX
|
$6.27 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 2024 to 2025, total equity changed from 3,319,800,000 to 4,049,700,000, a change of 729,900,000 (22.0%).
- Net income of 418,200,000 contributed positively to equity growth.
- Dividend payments of 88,500,000 reduced retained earnings.
- Share repurchases of 12,200,000 reduced equity.
- New share issuances of 371,500,000 increased equity.
- Other comprehensive income increased equity by 22,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$418.20 Million | +10.33% |
| Dividends Paid | CA$88.50 Million | -2.19% |
| Share Repurchases | CA$12.20 Million | -0.3% |
| Share Issuances | CA$371.50 Million | +9.17% |
| Other Comprehensive Income | CA$22.30 Million | +0.55% |
| Other Changes | CA$18.60 Million | +0.46% |
| Total Change | CA$- | 21.99% |
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: 2.12x
- 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 5.17x to 2.12x 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$72.22 | x |
| 2020-12-31 | CA$15.77 | CA$72.22 | x |
| 2021-12-31 | CA$22.74 | CA$72.22 | x |
| 2022-12-31 | CA$20.29 | CA$72.22 | x |
| 2023-12-31 | CA$24.42 | CA$72.22 | x |
| 2024-12-31 | CA$28.50 | CA$72.22 | x |
| 2025-12-31 | CA$34.00 | CA$72.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Definity Financial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.58%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.36x
- Recent ROE (10.33%) is above the historical average (8.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 1.08% | 0.69% | 0.42x | 3.70x | CA$-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 |
| 2025 | 10.33% | 8.58% | 0.51x | 2.36x | CA$13.23 Million |
Industry Comparison
This section compares Definity Financial Corp's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $23,472,957,000
- Average return on equity (ROE) among peers: 15.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Definity Financial Corp (DFY) | CA$4.31 Billion | 1.08% | 2.06x | $6.28 Billion |
| Fairfax Financial Holdings Ltd (FFH) | $30.82 Billion | 15.49% | 2.49x | $31.27 Billion |
| Intact Financial Corporation (IFC) | $16.13 Billion | 15.22% | 2.33x | $35.58 Billion |
About 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, 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 insura… Read more