Definity Financial (TSX:DFY) Tax Rate %: 28.96% (As of Mar. 2026)


TSX:DFY Definity Financial Corp TSX:DFY
76 GF Score
Price C$78.64
GF Value C$71.89
Valuation Fairly Valued
! 6 Warning Signs
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What is Definity Financial Tax Rate %?

Definity Financial TSX:DFY -0.30% 76 Tax Rate % is 28.96% as of Mar. 2026. GuruFocus rates TSX:DFY with a GF Score™ of 76/100 and a GF Value™ of C$71.89 (Fairly Valued). The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Definity Financial's Tax Expense for the three months ended in Mar. 2026 was C$27 Mil. Definity Financial's Pre-Tax Income for the three months ended in Mar. 2026 was C$92 Mil. Therefore, Definity Financial's Tax Rate % for the quarter that ended in Mar. 2026 was 28.96%.

Definity Financial Tax Rate % Related Terms

Definity Financial Tax Rate % Historical Data

* Premium members only.

The historical data trend for Definity Financial's Tax Rate % 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.

Definity Financial Tax Rate % Chart

Definity Financial Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial 24.18 2.02 24.12 24.85 26.27

Definity Financial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.74 32.56 22.53 30.97 28.96
TSX:DFY
76GF Score
Definity Financial Corp TSX:DFY
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Definity Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Definity Financial's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=151.8/577.8
=26.27 %

Definity Financial's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=26.7/92.2
=28.96 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 28.96% mean?
Definity Financial (TSX:DFY) has a Tax Rate % of 28.96% as of Mar. 2026.
Is Definity Financial's Tax Rate % too high?
Definity Financial's current Tax Rate % is 28.96%. Overall, Definity Financial has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Definity Financial's Tax Rate % compare to CB and PGR?
Definity Financial's Tax Rate % of 28.96% can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for an Insurance company?
A good Tax Rate % depends on the Insurance industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Definity Financial's current Tax Rate % is 28.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Definity Financial stock overvalued right now?
Based on GuruFocus' analysis, Definity Financial (TSX:DFY) is currently considered Fairly Valued. The stock's GF Value™ is C$71.89, compared to a current price of C$78.64 — trading 9.4% above its estimated fair value. The current Tax Rate % is 28.96%. Definity Financial's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Definity Financial (TSX:DFY), the current Tax Rate % is 28.96% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Definity Financial (TSX:DFY) Overvalued in 2026?

Based on GuruFocus' analysis, Definity Financial stock appears to be overvalued. The current stock price of C$78.64 is trading 9.4% above its estimated GF Value™ of C$71.89. GuruFocus considers Definity Financial to be Fairly Valued.

Key valuation signals for TSX:DFY:

  • Tax Rate %: 28.96%
  • GF Value™: C$71.89 vs. price of C$78.64 (9.4% above fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the TSX:DFY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Definity Financial Business Description

Other Exchanges DFYFF:USA
Address 111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6
Definity Financial Corp is a property and casualty insurance services provider. It serves the insurance needs of individual, commercial, and farm customers. Its product portfolio includes Personal auto insurance, Personal home insurance, Group auto insurance, Group home insurance, Business property insurance, Business liability insurance, Commercial vehicle insurance, Surety bonds, Oilfield services insurance, General farm insurance, Premier cash crop insurance, and Winery insurance.
76GF Score

Get the complete analysis for TSX:DFY

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$78.64
Price
C$71.89
GF Value