Definity maintains $125 million pre-tax expense synergy target within 36 months of acquisition close
Bitget2026/11/05 23:35- Definity expects $125 million in annualized pretax expense synergies within 36 months of the Travelers acquisition’s January 2026 close.
- Approximately one-third should benefit underwriting results in 2026, with the remainder over the subsequent 24 months.
- Annualized synergies reached $56 million in Q3 2026, ahead of schedule; realized quarterly savings totaled $14 million.
- Total integration costs remain forecast at $150 million to $170 million, versus $93.1 million incurred to date.
- Business conversion remains scheduled for completion in Q4 2027; more than one-third of the acquired portfolio has migrated to Definity’s systems.
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