# Definity

> Definity Financial Corporation is a Canadian property and casualty insurance group serving households, businesses, farms, and pet owners through broker-distributed and direct brands. Formed in 2021 following Economical’s demutualization, it combines a heritage dating to 1871 with Sonnet’s online distribution, digital broker tools, and acquisitions, including most of Travelers Canada in January 2026.

- **Founded:** 2021
- **Headquarters:** Waterloo, Canada
- **Products:** Definity Insurance (formerly Economical Insurance), Sonnet Insurance, Vyne, Vyne Commercial, Family Insurance Solutions
- **Notable:** Completed demutualization and a TSX listing in November 2021 under DFY., Became the first Canadian P&C insurer to transition its core insurance platform to Guidewire Cloud in 2022, according to the joint announcement., Received a 2023 Guidewire Innovation Award with Deloitte and Google Cloud.

## Products & services

- **Definity Insurance (formerly Economical Insurance)** — Broker-distributed personal auto, home, commercial property, liability, commercial vehicle, farm, and specialty insurance; brand transition began in 2026. Operating heritage dates to 1871.
- **Sonnet Insurance** — Direct online home and auto insurance with online quoting, purchasing, and account management. Availability varies by province; Alberta personal auto was withdrawn.
- **Vyne** — Digital personal insurance platform used by broker partners to quote and manage business.
- **Vyne Commercial** — Digital broker platform for small and medium business insurance quoting and binding.
- **Family Insurance Solutions** — Broker-distributed home and optional auto insurance in British Columbia.
- **Petline Insurance** — Pet health insurance offered through branded and partner distribution.

## Achievements

- Completed demutualization and a TSX listing in November 2021 under DFY.
- Became the first Canadian P&C insurer to transition its core insurance platform to Guidewire Cloud in 2022, according to the joint announcement.
- Received a 2023 Guidewire Innovation Award with Deloitte and Google Cloud.
- Completed the Travelers Canada personal and majority commercial insurance acquisition on January 2, 2026.
- Reported C$1.8013 billion gross written premiums and a 93.9% combined ratio in Q2 2026.

## Latest updates

- **2026-01** — Closed the Travelers Canada transaction, excluding surety and selected retained businesses.
- **2026-03** — Announced company-wide adoption of Gemini Enterprise.
- **2026-07** — Q2 results increased the annual pre-tax expense synergy target for Travelers integration by 25% to C$125 million; this is a target, not realized savings.
- **2026-10** — On October 6, announced an estimate of the third-quarter financial impact of catastrophe losses; Q3 earnings call was scheduled for November 6.

## Links

- Website: https://www.definity.com/English/overview/
- LinkedIn: https://www.linkedin.com/company/definity-financial
- Twitter/X: https://twitter.com/definityfc

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Profile page: https://yespress.io/definity
Published by YesPress — https://yespress.io
Last updated: 2026-10-23