Definity Financial Corp. · TSX:DFY
Definity Financial — Merger or Acquisition (May 2025)
16 slides from Definity Financial's merger presentation, May 27, 2025
Slide 1: Definity's Acquisition of Travelers Canada
Definity’s Acquisition of Travelers Canada Building a Canadian Champion May 27, 2025
Slide 2: Cautionary Note Regarding Forward-Looking Information
2 Cautionary Note Regarding Forward-Looking Information This presentation, and any related oral statements, contain “forward-looking information” within the meaning of applicable securities laws in Canada. Forward-looking information may relate to our future business, financial outlook and anticipat
Slide 3: Cautionary Note Regarding Forward-Looking Information (cont'd)
3 Cautionary Note Regarding Forward-Looking Information (cont’d) • Definity's ability to obtain, maintain and protect its intellectual property rights and proprietary information or prevent third parties from making unauthorized use of our technology; • Definity’s ability to effectively govern the u
Slide 4: Introduction
Definity’s Acquisition of Travelers Canada > Introduction 4 Introduction OUR PURPOSE Definity to acquire Travelers’ Canadian operations1 for $3.3 billion Building a better world by helping our clients and communities adapt and Travelers Canada is a national P&C insurer with ~$1.6 billion1 in thrive
Slide 5: Travelers Canada Accelerates Our Growth Strategy
Definity’s Acquisition of Travelers Canada > Building a Canadian Champion 5 Travelers Canada Accelerates Our Growth Strategy Provides a rare combination of size, strategic fit and compelling financial rationale STRONG STRATEGIC FIT COMPELLING FINANCIAL RATIONALE ✓ Establishes Definity as the #4 P&C
Slide 6: Well Established, Highly Complementary Business
Definity’s Acquisition of Travelers Canada > Overview 6 Well Established, Highly Complementary Business Travelers Canada strengthens our presence and positions Definity as a prominent player in the Canadian P&C industry Travelers Canada Standalone Combined Highlights ~$1.6B in Gross Ranked #12 ~$6.0
Slide 7: Enhancing Our Commercial Presence and Expertise
Definity’s Acquisition of Travelers Canada > Strategic Fit & Enhanced Business Mix 7 Enhancing Our Commercial Presence and Expertise Significant Increase in Commercial Portfolio1 Positions Definity as the 4th Largest2 Commercial Carrier ~$2.0B Scales core CI lines of business while sustaining Defini
Slide 8: Compelling Scale Benefits in Personal Insurance
Definity’s Acquisition of Travelers Canada > Strategic Fit & Enhanced Business Mix 8 Compelling Scale Benefits in Personal Insurance Significant Increase in Personal Insurance1 Positions Definity as the 5th Largest2 Personal Carrier ~$4.0B Scales and fast tracks personal lines growth while strengthe
Slide 9: Clear Path to Expense Synergies
Definity’s Acquisition of Travelers Canada > Compelling Financial Rationale 9 Clear Path to Expense Synergies $100 million in run-rate synergies expected to be realized within 36 months Strong Conviction in Our Integration Capabilities Enhancing Earnings Generation Through Synergy Capture Significan
Slide 10: Fully Aligned with Our Financial Objectives
Definity’s Acquisition of Travelers Canada > Compelling Financial Rationale 10 Fully Aligned with Our Financial Objectives Significant synergies Expected to enhance Immediately accretive opportunity with expected operating ROE1 by over to operating EPS1, Attractive internal $100 million of 200 bps t
Slide 11: Transaction Summary
11 Definity’s Acquisition of Travelers Canada > Transaction Summary 11 Transaction Summary Purchase Price $3.3 Billion Cash Consideration1 Purchase Metrics P/BV = ~1.4x2 Return / Internal rate of return in excess of 20%3; Immediately accretive to operating EPS with expected Economics double-digit ac
Slide 12: Proven Execution of Our Inorganic Growth Strategy
Definity’s Acquisition of Travelers Canada > Executing on Our Inorganic Strategy 12 Proven Execution of Our Inorganic Growth Strategy Continuing to deliver on our strategic objectives CARRIER ACQUISITIONS NATIONAL BROKER PLATFORM • Highly focused on carrier acquisitions to accelerate • National brok
Slide 13: Building a Canadian Champion
Definity’s Acquisition of Travelers Canada > Key Takeaways 13 Building a Canadian Champion Reinforces Definity’s Position as a Leading Canadian P&C Insurer Enhances and Strengthens our Current Business Mix Compelling Financial Rationale with Attractive Economics Achievement of Optimal Capital Struct
Slide 14: Supplementary Financial Measures and Non-GAAP Financial Measures and Ratios
14 Supplementary Financial Measures and Non-GAAP Financial Measures and Ratios The Company’s unaudited condensed interim consolidated financial statements and accompanying notes as at and for the quarter ended March 31, 2025 have been prepared in accordance with International Financial Reporting Sta
Slide 15: Contact Us
15 Contact Us Investor Relations Corporate Communications Sarah Attwells General Investor Inquiries AVP, Corporate Communication 1-866-902-4724 (TF) 226-753-1130 IR@definity.com sarah.attwells@definity.com General Inquiries Dennis Westfall Definity Financial Corporation VP, Investor Relations 111 We
Slide 16: definity.
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