Definity Financial Reports Major Catastrophe Losses in Q3
Company Announcements

Definity Financial Reports Major Catastrophe Losses in Q3

Story Highlights

Definity Financial Corp. (TSE:DFY) has released an update.

Definity Financial Corporation reported a significant impact on its third-quarter earnings in 2024, with estimated catastrophe losses net of reinsurance recoveries of $170 million, or $1.09 per share. The losses were primarily due to extreme weather events across Canada, including hailstorms, floods, and wildfires, leading to the full utilization of the company’s catastrophe reinsurance for the year. Definity emphasizes its commitment to supporting affected customers despite the financial setback.

For further insights into TSE:DFY stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskDefinity Financial Corp. Shows Resilience Amid Challenges
Catie PowersDefinity Financial Corp. (DFY) Unveils Dividend Details for Q3: Mark Your Calendar!
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App