Definity Financial Management
Management criteria checks 4/4
We currently do not have sufficient information about the CEO.
Key information
Rowan Saunders
Chief executive officer
CA$5.6m
Total compensation
| CEO salary percentage | 17.7% |
| CEO tenure | 7.4yrs |
| CEO ownership | 0.3% |
| Management average tenure | 6.2yrs |
| Board average tenure | 9.3yrs |
Recent management updates
Recent updates
Definity Financial (TSE:DFY) Is Increasing Its Dividend To CA$0.16
Mar 10
Is Now The Time To Put Definity Financial (TSE:DFY) On Your Watchlist?
Feb 24Definity Financial Corporation's (TSE:DFY) Popularity With Investors Is Under Threat From Overpricing
Jan 20Do Definity Financial's (TSE:DFY) Earnings Warrant Your Attention?
May 24CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$6m | CA$1m | CA$350m |
| Sep 30 2023 | n/a | n/a | CA$450m |
| Jun 30 2023 | n/a | n/a | CA$534m |
| Mar 31 2023 | n/a | n/a | CA$386m |
| Dec 31 2022 | CA$7m | CA$999k | CA$111m |
| Sep 30 2022 | n/a | n/a | -CA$40m |
| Jun 30 2022 | n/a | n/a | -CA$23m |
| Mar 31 2022 | n/a | n/a | CA$98m |
| Dec 31 2021 | CA$5m | CA$925k | CA$213m |
Compensation vs Market: Rowan's total compensation ($USD4.09M) is about average for companies of similar size in the Canadian market ($USD3.46M).
Compensation vs Earnings: Rowan's compensation has been consistent with company performance over the past year.
CEO
Rowan Saunders (59 yo)
7.4yrs
Tenure
CA$5,641,550
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | no data | CA$5.64m | 0.25% CA$ 12.9m | |
| Executive VP & CFO | 12.5yrs | CA$1.68m | 0.089% CA$ 4.5m | |
| Senior Vice-President of Legal & Strategy | 6.2yrs | CA$1.23m | 0.082% CA$ 4.1m | |
| Executive Vice-President of Commercial Insurance & Insurance Operations | 6.9yrs | CA$1.88m | 0.078% CA$ 4.0m | |
| Executive Vice President of Personal Insurance & Digital Channels | 6.3yrs | CA$1.49m | 0.083% CA$ 4.2m | |
| Senior VP & CTO | 2.3yrs | no data | 0.025% CA$ 1.3m | |
| Head of Investor Relations | no data | no data | no data | |
| Assistant Vice President of Corporate Communication | no data | no data | no data | |
| Senior VP and Chief People & Culture Officer | 5.5yrs | no data | 0.051% CA$ 2.6m | |
| Chief Risk & Actuarial Officer | 4.5yrs | no data | 0.061% CA$ 3.1m | |
| Senior VP & Chief Distribution Officer | 6.9yrs | no data | 0.038% CA$ 1.9m | |
| Senior VP & Chief Underwriting Officer of Personal Insurance | 1.6yrs | no data | 0.018% CA$ 898.1k |
6.2yrs
Average Tenure
56yo
Average Age
Experienced Management: DFY's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 7.4yrs | CA$5.64m | 0.25% CA$ 12.9m | |
| Independent Director | 11.1yrs | CA$200.00k | 0.025% CA$ 1.3m | |
| Independent Director | 4.4yrs | CA$185.00k | 0.025% CA$ 1.3m | |
| Independent Director | 9.5yrs | CA$185.00k | 0.020% CA$ 1.0m | |
| Independent Director | 14yrs | CA$190.00k | 0.012% CA$ 600.1k | |
| Independent Chairman | 12.9yrs | CA$350.00k | 0.053% CA$ 2.7m | |
| Independent Director | 10.3yrs | CA$185.00k | 0.024% CA$ 1.2m | |
| Independent Director | 12.2yrs | CA$200.00k | 0.024% CA$ 1.2m | |
| Independent Director | 9yrs | CA$190.00k | 0.0036% CA$ 182.7k | |
| Independent Director | 6.3yrs | CA$185.00k | 0.020% CA$ 1.0m | |
| Independent Director | 2.3yrs | CA$185.00k | no data | |
| Independent Director | 2.1yrs | CA$175.00k | no data |
9.3yrs
Average Tenure
64.5yo
Average Age
Experienced Board: DFY's board of directors are considered experienced (9.3 years average tenure).