Financial Performance and Risk Management 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
$3.7B IN GROSS WRITTEN PREMIUMS FOR FY2022 (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
29%
Personal
Auto
43%
B.C.
Alberta &
Prairies
15%
11%
Quebec
9%
Atlantic
8%
Broker
88%
Direct
12%
Ontario
57%
1.
Market share of Canadian P&C insurance industry DWP of $73.2 billion (excluding ICBC, Lloyds, SAF, CGMC, Genworth and Green Shield) for the twelve months ended December 31, 2022, based on MSA Research Inc. data.
2. GWP breakdown is provided for 12 months ended December 31, 2022, by business line, distribution channel, and region. Under IFRS 17.
3. Restated under current GWP definition.
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 Q1-2023 MD&A for further details.
definity
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