Definity Financial Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was CAD 48.3 million compared to net income of CAD 35.7 million a year ago. Basic loss per share from continuing operations was CAD 0.42 compared to basic earnings per share from continuing operations of CAD 0.31 a year ago. Diluted loss per share from continuing operations was CAD 0.42 compared to diluted earnings per share from continuing operations of CAD 0.31 a year ago.
For the nine months, net income was CAD 124.2 million compared to net loss of CAD 74.1 million a year ago. Basic earnings per share from continuing operations was CAD 1.08 compared to basic loss per share from continuing operations of CAD 0.64 a year ago. Diluted earnings per share from continuing operations was CAD 1.06 compared to diluted loss per share from continuing operations of CAD 0.64 a year ago.