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Definity Financial (TSX:DFY) Pretax Margin % : 24.45% (As of Dec. 2023)


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What is Definity Financial Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Definity Financial's Pre-Tax Income for the three months ended in Dec. 2023 was C$304 Mil. Definity Financial's Revenue for the three months ended in Dec. 2023 was C$1,243 Mil. Therefore, Definity Financial's pretax margin for the quarter that ended in Dec. 2023 was 24.45%.

The historical rank and industry rank for Definity Financial's Pretax Margin % or its related term are showing as below:

TSX:DFY' s Pretax Margin % Range Over the Past 10 Years
Min: 3.8   Med: 8.54   Max: 11.54
Current: 11.46


TSX:DFY's Pretax Margin % is ranked better than
57% of 486 companies
in the Insurance industry
Industry Median: 9.905 vs TSX:DFY: 11.46

Definity Financial Pretax Margin % Historical Data

The historical data trend for Definity Financial's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Definity Financial Pretax Margin % Chart

Definity Financial Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Pretax Margin %
7.44 9.64 3.80 11.54

Definity Financial Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.04 12.88 10.47 -7.17 24.45

Competitive Comparison of Definity Financial's Pretax Margin %

For the Insurance - Property & Casualty subindustry, Definity Financial's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Definity Financial's Pretax Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Definity Financial's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Definity Financial's Pretax Margin % falls into.



Definity Financial Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Definity Financial's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=467.2/4050.2
=11.54 %

Definity Financial's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=303.8/1242.7
=24.45 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Definity Financial  (TSX:DFY) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Definity Financial Pretax Margin % Related Terms

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Definity Financial (TSX:DFY) Business Description

Traded in Other Exchanges
Address
111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6
Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers. Its commercial insurance products include fleet, individually-rated commercial auto, property, liability, and specialty insurance products.

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