Definity Financial Corporation

TSX:DFY Stock Report

Mkt Cap: CA$4.0b

Definity Financial Management

How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Rowan Saunders (58 yo)





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

How has Rowan Saunders's remuneration changed compared to Definity Financial's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2022n/an/a


Jun 30 2022n/an/a


Mar 31 2022n/an/a


Dec 31 2021CA$5mCA$925k


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

Rowan Saunders
CEO, President & Directorno dataCA$5.38m0.19%
CA$ 7.5m
Philip Mather
Executive VP & CFO11.33yrsCA$1.70m0.053%
CA$ 2.2m
Innes Dey
Senior Vice-President of Legal & Strategy5yrsCA$1.55m0.051%
CA$ 2.0m
Fabian Richenberger
Executive Vice-President of Commercial Insurance & Insurance Operations5.75yrsCA$1.79m0.040%
CA$ 1.6m
Paul MacDonald
Executive Vice President of Personal Insurance & Digital Channels5.08yrsCA$1.52m0.049%
CA$ 2.0m
Tatjana Lalkovic
Senior VP & CTO1.08yrsno data0.0039%
CA$ 158.7k
Dennis Westfall
Head of Investor Relationsno datano datano data
Sarah Attwells
Director of Corporate Affairsno datano datano data
Brigid Pelino
Senior VP and Chief People & Culture Officer4.33yrsno data0.033%
CA$ 1.3m
Roger Dunbar
Senior Vice-President of Sonnet5.5yrsno data0.034%
CA$ 1.4m
Liam McFarlane
Chief Risk & Actuarial Officer3.33yrsno data0.051%
CA$ 2.0m
Hans Reidl
Senior Vice-President of Claims4.25yrsno data0.010%
CA$ 406.5k


Average Tenure


Average Age

Experienced Management: DFY's management team is seasoned and experienced (5 years average tenure).

Board Members

Rowan Saunders
CEO, President & Director6.25yrsCA$5.38m0.19%
CA$ 7.5m
Elizabeth DelBianco
Independent Director9.92yrsCA$205.00k0.025%
CA$ 1.0m
Robert McFarlane
Independent Director3.25yrsCA$205.00k0.025%
CA$ 1.0m
Daniel Fortin
Independent Director8.33yrsCA$196.67k0.020%
CA$ 798.0k
Michael Stramaglia
Independent Director12.83yrsCA$203.73k0.012%
CA$ 478.6k
John Bowey
Independent Chairman11.75yrsCA$335.00k0.053%
CA$ 2.2m
Barbara Fraser
Independent Director9.17yrsCA$191.71k0.024%
CA$ 957.9k
Richard Freeborough
Independent Director11yrsCA$225.00k0.024%
CA$ 948.7k
Micheal Kelly
Independent Director7.83yrsCA$201.12k0.0036%
CA$ 143.8k
J. Monteith
Independent Director5.08yrsCA$198.73k0.020%
CA$ 797.6k
Edouard Schmid
Independent Director1.17yrsno datano data
Sabrina Geremia
Independent Director0.92yrno datano data


Average Tenure


Average Age

Experienced Board: DFY's board of directors are considered experienced (8.1 years average tenure).