HomeInsuranceDefinity Financial Corporation Reports Second Quarter 2022 Results

Definity Financial Corporation Reports Second Quarter 2022 Results

TORONTO, August 2, 2022 /CNW/ – (TSX: DFY)
(in Canadian dollars except as otherwise noted)


  • Premiums increased 12.6% in the quarter, driven by growth across all lines of business, with double digit growth continuing in commercial lines, Sonnet, and personal property
  • Combined ratio1 of 95.8% in Q2 2022 was bolstered by the strong underwriting performance in our personal auto and commercial lines, and remained in our target range despite elevated catastrophe losses1 of 5.8 percentage points in the quarter
  • Operating net income1 of $48.8 million in Q2 2022, compared to $52.6 million in Q2 2021, resulting in operating EPS1 of $0.42 per share. Operating ROE1 was 10.7% over the last twelve months
  • Financial position remained resilient, despite significant declines in capital markets, with book value per share1 of $19.51, down 4.4% in the quarter but 3.4% higher than a year…

Read more at www.newswire.ca

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