Definity Q2 2026 operating EPS rises 15.5% on Travelers acquisition, higher investment income

• For Q2 ended June 30, 2026, net income attributable to common shareholders rose to CAD 152.4 million from CAD 75.1 million.
• Management tied the gain to higher investment gains, higher operating net income, lower acquisition-related expenses, partly offset by higher integration costs.
• Operating net income increased to CAD 118 million from CAD 98.9 million, supported by higher net investment income, underwriting income, distribution income, partly offset by higher interest expense.
• Gross written premiums climbed 34.7% to CAD 1.8 billion, driven by retained acquired renewals and underlying growth across personal and commercial lines.
• Combined ratio widened to 93.9% from 92.9%, reflecting acquired-business expenses; catastrophe losses were cited as somewhat below expectations.

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