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 | 8.1yrs |
| CEO ownership | 0.3% |
| Management average tenure | 6.8yrs |
| Board average tenure | 8.9yrs |
Recent management updates
Recent updates
Here's Why We Think Definity Financial (TSE:DFY) Is Well Worth Watching
Jul 23
Earnings Not Telling The Story For Definity Financial Corporation (TSE:DFY)
Jun 03Definity Financial (TSE:DFY) Is Increasing Its Dividend To CA$0.16
Mar 10Is 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 |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$540m |
| Jun 30 2024 | n/a | n/a | CA$387m |
| Mar 31 2024 | n/a | n/a | CA$354m |
| Dec 31 2023 | CA$6m | CA$1m | CA$350m |
| Sep 30 2023 | n/a | n/a | CA$309m |
| Jun 30 2023 | n/a | n/a | CA$393m |
| Mar 31 2023 | n/a | n/a | CA$244m |
| 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$213m |
Compensation vs Market: Rowan's total compensation ($USD3.92M) is about average for companies of similar size in the Canadian market ($USD3.17M).
Compensation vs Earnings: Rowan's compensation has been consistent with company performance over the past year.
CEO
Rowan Saunders (60 yo)
8.1yrs
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$5.64m | 0.34% CA$ 21.9m | |
| Executive VP & CFO | 13.2yrs | CA$1.68m | 0.090% CA$ 5.9m | |
| Senior Vice-President of Legal & Strategy | 6.8yrs | CA$1.23m | 0.084% CA$ 5.5m | |
| Executive Vice-President of Commercial Insurance & Insurance Operations | 7.6yrs | CA$1.88m | 0.079% CA$ 5.2m | |
| Executive Vice President of Personal Insurance & Digital Channels | 6.9yrs | CA$1.49m | 0.084% CA$ 5.5m | |
| Senior VP & CTO | 2.9yrs | no data | 0.0074% CA$ 484.3k | |
| 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 | 6.2yrs | no data | 0.052% CA$ 3.4m | |
| Chief Risk & Actuarial Officer | 5.2yrs | no data | 0.047% CA$ 3.1m | |
| Senior VP & Chief Distribution Officer | 7.6yrs | no data | 0.038% CA$ 2.5m | |
| Senior VP & Chief Underwriting Officer of Personal Insurance | 2.3yrs | no data | 0.018% CA$ 1.2m |
6.8yrs
Average Tenure
57yo
Average Age
Experienced Management: DFY's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.1yrs | CA$5.64m | 0.34% CA$ 21.9m | |
| Independent Director | 11.8yrs | CA$200.00k | 0.025% CA$ 1.6m | |
| Independent Director | 5.1yrs | CA$185.00k | 0.025% CA$ 1.6m | |
| Independent Director | 10.2yrs | CA$185.00k | 0.020% CA$ 1.3m | |
| Independent Director | 14.7yrs | CA$190.00k | 0.012% CA$ 778.1k | |
| Independent Chairman | 13.6yrs | CA$350.00k | 0.054% CA$ 3.5m | |
| Independent Director | 12.8yrs | CA$200.00k | 0.024% CA$ 1.5m | |
| Independent Director | 9.7yrs | CA$190.00k | 0.0052% CA$ 337.0k | |
| Independent Director | 6.9yrs | CA$185.00k | 0.020% CA$ 1.3m | |
| Independent Director | 3yrs | CA$185.00k | no data | |
| Independent Director | 2.8yrs | CA$175.00k | no data | |
| Independent Director | 2.8yrs | no data | no data |
8.9yrs
Average Tenure
64yo
Average Age
Experienced Board: DFY's board of directors are considered experienced (8.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 01:56 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Definity Financial Corporation is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Aiken | Barclays |
| Tom MacKinnon | BMO Capital Markets Equity Research |
| Paul Holden | CIBC Capital Markets |