Mr. Rowan Saunders reports

DEFINITY FINANCIAL CORPORATION COMPLETES PREVIOUSLY ANNOUNCED TRAVELERS TRANSACTION

Definity Financial Corp. has completed the acquisition of the personal insurance business and the majority of the commercial insurance business (excluding the surety business) of the Canadian operations of The Travelers Companies Inc. (New York Stock Exchange: TRV).

"Today marks a new era for Definity as we complete this milestone acquisition," said Rowan Saunders, president and chief executive officer, Definity. "We extend a warm welcome to our new colleagues and remain deeply committed to delivering a positive experience for our customers and valued broker partners. Together, we will continue building a Canadian champion."

RBC Capital Markets acted as financial adviser and Blake, Cassels & Graydon LLP served as legal adviser to Definity in the Transaction.

About Definity Financial Corp.

Definity Financial is one of the leading property and casualty insurers in Canada, with over $4.7-billion in gross written premiums for the 12 months ended Sept. 30, 2025, and over $4.0-billion in equity attributable to common shareholders as at Sept. 30, 2025.

We seek Safe Harbor.