Definity Investment and Insurance Strategy Overview
DEFINITY IS A LEADING CANADIAN P&C INSURER
We are a personal and commercial P&C insurer offering auto, property, liability, pet, and specialty
insurance solutions through multiple distribution channels
Over 150 Years of Operations in Canada
$3.9B IN GROSS WRITTEN PREMIUMS (3) FOR TTM Q3 2023 (2)
6th Largest P&C Insurance Carrier in Canada(1)
Deeply Engaged Team
~3,500 employees in 15 regional offices and a national
network of over 600 independent brokerage firms
Passion for Innovation
Demonstrated by Award-winning Digital Platforms
Profitable Growth
GWP (3) CAGR of 13% and Underwriting Income (4)
Improvement of ~$310M in 2019-2022
Personal
Property
28%
Commercial
Lines
30%
Personal
Auto
42%
B.C.
Alberta &
Prairies
15%
12%
Atlantic
9%
Québec
8%
Broker
89%
Direct
11%
Ontario
56%
1. As of December 31, 2022, based on direct written premiums ("DWP") from MSA Research. Market share of Canadian P&C insurance industry DWP of $73.2 billion for the twelve months ended December 31, 2022, excluding accident and sickness insurance and policies for insurance written
outside of Canada, Canada Guaranty Mortgage Insurance Company, Genworth Financial Mortgage Insurance Company, Green Shield Canada, Insurance Corporation of British Columbia, Lloyd's Underwriters Canada, Saskatchewan Auto Fund, and Saskatchewan Government Insurance.
GWP breakdown is provided for 9 months ended September 30, 2023, by business line, distribution channel, and region.
3. Restated under current GWP definition. GWP is a supplementary financial measure. Refer to Section 12-Supplementary Financial Measures and Non-GAAP Financial Measures and Ratios in the Q3-2023 MD&A for further details.
2.
4. Under IFRS 4. This is a supplementary financial measure, non-GAAP financial measure, or a non-GAAP ratio. Refer to Supplementary Financial Measures and Non-GAAP Financial Measures and Ratios advisory and Section 12 - Supplementary financial measures and non-GAAP financial
measures and ratios in the Q3-2023 MD&A for further details.
definity.
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