Definity Financial Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Rowan Saunders (58 yo)
6.25yrs
Tenure
CA$5,384,935
Compensation
Mr. Rowan Saunders, BA, FCIP, CRM, has been the Chief Executive Officer and President at Economical Insurance Group Ltd. since November 01, 2016. Mr. Saunders serves as Chief Executive Officer and Presiden...
CEO Compensation Analysis
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2022 | n/a | n/a | CA$144m |
| Jun 30 2022 | n/a | n/a | CA$156m |
| Mar 31 2022 | n/a | n/a | CA$179m |
| Dec 31 2021 | CA$5m | CA$925k | CA$213m |
Compensation vs Market: Rowan's total compensation ($USD4.01M) is about average for companies of similar size in the Canadian market ($USD3.37M).
Compensation vs Earnings: Insufficient data to compare Rowan's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | no data | CA$5.38m | 0.19% CA$ 7.5m | |
| Executive VP & CFO | 11.33yrs | CA$1.70m | 0.053% CA$ 2.2m | |
| Senior Vice-President of Legal & Strategy | 5yrs | CA$1.55m | 0.051% CA$ 2.0m | |
| Executive Vice-President of Commercial Insurance & Insurance Operations | 5.75yrs | CA$1.79m | 0.040% CA$ 1.6m | |
| Executive Vice President of Personal Insurance & Digital Channels | 5.08yrs | CA$1.52m | 0.049% CA$ 2.0m | |
| Senior VP & CTO | 1.08yrs | no data | 0.0039% CA$ 158.7k | |
| Head of Investor Relations | no data | no data | no data | |
| Director of Corporate Affairs | no data | no data | no data | |
| Senior VP and Chief People & Culture Officer | 4.33yrs | no data | 0.033% CA$ 1.3m | |
| Senior Vice-President of Sonnet | 5.5yrs | no data | 0.034% CA$ 1.4m | |
| Chief Risk & Actuarial Officer | 3.33yrs | no data | 0.051% CA$ 2.0m | |
| Senior Vice-President of Claims | 4.25yrs | no data | 0.010% CA$ 406.5k |
5.0yrs
Average Tenure
54.5yo
Average Age
Experienced Management: DFY's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 6.25yrs | CA$5.38m | 0.19% CA$ 7.5m | |
| Independent Director | 9.92yrs | CA$205.00k | 0.025% CA$ 1.0m | |
| Independent Director | 3.25yrs | CA$205.00k | 0.025% CA$ 1.0m | |
| Independent Director | 8.33yrs | CA$196.67k | 0.020% CA$ 798.0k | |
| Independent Director | 12.83yrs | CA$203.73k | 0.012% CA$ 478.6k | |
| Independent Chairman | 11.75yrs | CA$335.00k | 0.053% CA$ 2.2m | |
| Independent Director | 9.17yrs | CA$191.71k | 0.024% CA$ 957.9k | |
| Independent Director | 11yrs | CA$225.00k | 0.024% CA$ 948.7k | |
| Independent Director | 7.83yrs | CA$201.12k | 0.0036% CA$ 143.8k | |
| Independent Director | 5.08yrs | CA$198.73k | 0.020% CA$ 797.6k | |
| Independent Director | 1.17yrs | no data | no data | |
| Independent Director | 0.92yr | no data | no data |
8.1yrs
Average Tenure
63.5yo
Average Age
Experienced Board: DFY's board of directors are considered experienced (8.1 years average tenure).