$DFY.TO

Earnings Flash (DFY.TO) Definity Financial Posts Q1 Operating EPS C$0.97 per Share

CIBC Previews Definity Financial's Q1, Says Travelers Acquisition Will Have "Significant" Impact

Definity Financial's acquisition of Travelers Canada closed at the beginning of the quarter and CIBC Capital Markets expects it will have a significant impact on the results.Definity closed the Travelers Canada acquisition on Jan. 2. Premiums will jump by 35% and the acquisition is expected to be dilutive to margins in the short-term. First quarter results will provide the first look at the financial impact of the acquisition, excluding cost synergies, analyst Paul Holden writes.Holden, who is maintaining a neutral rating and $74.00 price target on the stock, expects Definity to report solid results. His first quarter operating earnings estimate of $0.88 is unchanged and compares with consensus of $0.87.Success for Definity in 2026 will largely be tied to the Travelers integration, he adds.Price: $66.93, Change: $-1.07, Percent Change: -1.57%