In This Article:
Definity Financial (TSE:DFY) Full Year 2024 Results
Key Financial Results
-
Revenue: CA$4.71b (up 22% from FY 2023).
-
Net income: CA$430.4m (up 23% from FY 2023).
-
Profit margin: 9.1% (in line with FY 2023).
-
EPS: CA$3.75 (up from CA$3.04 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Definity Financial Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) missed analyst estimates by 1.7%.
In the last 12 months, the only revenue segment was The P&C Insurance contributing CA$4.71b. Notably, cost of sales worth CA$3.78b amounted to 80% of total revenue thereby underscoring the impact on earnings.Explore how DFY's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Insurance industry in Canada.
Performance of the Canadian Insurance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Definity Financial that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.