The Panic-Proof Portfolio (Stockchase Research)Definity FinancialDFY.TOTOP PICKDec 14, 2023

Likes it long term. Management expects price increases which sets it up for a great bottom line in 2024. Last week, they reported a massive 27% earnings beat which caught people's attention.

Cheap and growing fast.

Rising cost of insurance due to inflation - hard on business margins.
Long term, still believes in business.
Insurance a required product for all people.
Largest provider of pet insurance. 

This is a buy for the long term, not a trade. It is doing a lot over the next year to improve the bottom line and is a new story in the insurance business.
Buy 7  Hold 4  Sell 0

(Analysts’ price target is $42.95)

 Although not well known it is Canada's 7th biggest property/casualty insurance company. 70% is personal insurance and 30% is commercial. Its IPO was 18 months ago on the TSX and it is now trading at 1 1/2 times BV. It can grow organically and can now leverage its balance sheet to make acquisitions. After a nice run along with a recent pull-back, he is buying more. It is profitable and growing faster than Intact Insurance, the gold standard in Canada.
Buy 7   Hold 4   Sell 0 

Up 30% in one year and the biggest IPO of 2021. Their combined ratio went from 110% to 90%, from losing to making money. Pays a 1.3% dividend. Also they have a pet insurance business, a lucrative space.

Well managed company that will perform well.
Higher interest rates will benefit company.
Does not own shares, but thinks is a good business.
Hold for the long term and dividend yield.