Definity Financial Corporation (DFY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the DFINITY Financial Corporation first quarter of 2025 financial results conference call and webcast. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Friday, May 9, 2025. I would now like to turn the conference over to Dennis Westphal, Vice President of Investor Relations. Please go ahead. Thank you. Good morning, everyone. Thank you for joining us on the call today. A link to our live webcast and background information for the call is posted on our website at thefinity.com under the Investors tab. As a reminder, the slide presentation contains a disclaimer on forward-looking statements, which also applies to our discussion on the conference call. Joining me on the call today are Roland Saunders, President and CEO, Philip Mather, EVP and CFO, Paul McDonald, EVP of Personal Insurance and Digital Channels, and Fabian Rickenberger, EVP of Commercial Insurance and Insurance Operations. We'll start with formal remarks from Rowan and Phil, followed by a Q&A session, during which Paul and Fabio will also be available to answer your questions. With that, I'll ask Rowan to please begin his remarks. Thanks, Dennis, and good morning, everyone. We reported our first quarter results last night. They got the year off to an encouraging start and continued to deliver on our financial targets. In the quarter, solid underlying income, net investment income, and ongoing contributions from our insurance broker platform resulted in operating net income of $75.9 million, or $0.65 per share. The firm market conditions in persona...