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DFY: Premiums surged, catastrophe losses pressured underwriting, and Travelers synergies advanced
Definity Financial Corp. (DFY) reported a 36.2% growth in Q3 premiums to CAD 1.7 billion. However, catastrophe losses pushed its combined ratio to 100.6%. The company continued to advance its integration and synergies with Travelers, and maintained strong outlooks for full-year premiums and investment income.
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