Latest news with #TrisuraGroup
Yahoo
11-08-2025
- Business
- Yahoo
Trisura Group Second Quarter 2025 Earnings: EPS Beats Expectations
Explore Trisura Group's Fair Values from the Community and select yours Trisura Group (TSE:TSU) Second Quarter 2025 Results Key Financial Results Revenue: CA$783.7m (down 5.5% from 2Q 2024). Net income: CA$37.1m (up 37% from 2Q 2024). Profit margin: 4.7% (up from 3.3% in 2Q 2024). The increase in margin was driven by lower expenses. EPS: CA$0.78 (up from CA$0.57 in 2Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Trisura Group EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Insurance industry in Canada. Performance of the Canadian Insurance industry. The company's shares are up 2.3% from a week ago. Balance Sheet Analysis Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Trisura Group's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
10-08-2025
- Business
- Yahoo
Trisura Group Second Quarter 2025 Earnings: EPS Beats Expectations
Explore Trisura Group's Fair Values from the Community and select yours Trisura Group (TSE:TSU) Second Quarter 2025 Results Key Financial Results Revenue: CA$783.7m (down 5.5% from 2Q 2024). Net income: CA$37.1m (up 37% from 2Q 2024). Profit margin: 4.7% (up from 3.3% in 2Q 2024). The increase in margin was driven by lower expenses. EPS: CA$0.78 (up from CA$0.57 in 2Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Trisura Group EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Insurance industry in Canada. Performance of the Canadian Insurance industry. The company's shares are up 2.3% from a week ago. Balance Sheet Analysis Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Trisura Group's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
09-08-2025
- Business
- Yahoo
Trisura Group Ltd (TRRSF) Q2 2025 Earnings Call Highlights: Strong Growth Amid Market Challenges
Operating ROE: 18% for Q2 2025. Book Value: Grew 21% to $843 million. Operating Net Income: $33.3 million, up 6% from last year. Gross Premiums Written (GPW): $900 million for the quarter. Primary Lines Growth: 35% increase in the quarter. Net Insurance Revenue: $195 million, reflecting 18% growth over the prior year. Combined Ratio: 85.6% for the quarter. Net Investment Income: $18.9 million, up 11% in the quarter. Operating EPS: $0.69, reflecting 6.2% growth over the prior year. Book Value Per Share: $17.63 at June 30, 2025. Debt-to-Capital Ratio: 13.8% at June 30, 2025. Release Date: August 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Trisura Group Ltd (TRRSF) reported a strong quarter with an operating ROE of 18% and a 21% increase in book value to a record $843 million. The Surety line showed significant growth, with gross premiums written increasing by 61% and underwriting income growing over 150%. The company's primary lines, including Surety, Warranty, and Corporate Insurance, grew by more than 35%, indicating strong momentum. Investment portfolio increased to $1.6 billion, generating $18.9 million in interest and dividend income, up 12% over the previous year. Trisura Group Ltd (TRRSF) successfully funded growth initiatives through internal capital and revolver drawings, demonstrating efficient capital management. Negative Points Gross premiums written (GPW) were $900 million for the quarter, reflecting a reduction over the prior year due to non-renewed US Programs. The combined ratio for the group was 85.6%, slightly higher than the prior year, indicating increased costs. The expense ratio was slightly higher on a consolidated basis due to a shift in business mix towards Trisura Specialty, which has a higher expense ratio. Softening market conditions in Canadian Fronting and Corporate Insurance lines were noted, with elevated competition impacting growth. The debt-to-capital ratio increased to 13.8% due to drawdowns on the revolving credit facility, though it remains under the conservative leverage target of 20%. Q & A Highlights Q: Can you elaborate on the softening market conditions in the commercial market and how it affects Trisura? A: David Clare, CEO, explained that Trisura operates within Specialty lines, which typically deliver better-than-industry average combined ratios regardless of market conditions. While there are competitive pressures in some areas, Trisura's focus on Surety, which doesn't follow typical market cycles, and its niche areas, allows it to maintain profitability. Clare emphasized that Trisura is pragmatic and focuses on underwriting profitably in attractive niche markets. Q: What are the competitive pressures in the US Fronting side, and how is Trisura navigating this? A: Clare noted that while there was a surge of new entrants in the US Programs space in 2021 and 2022, this has slowed. The E&S markets and MGA community in the US continue to grow, supporting Trisura's model. Clare mentioned that Trisura has seen strong pipeline opportunities and has not changed its approach, maintaining access to and navigation of the market. Q: Can you discuss the capital injection into the US Surety and its implications? A: Clare explained that Trisura increased its US Surety balance sheet to $100 million, which is crucial for expanding its bond issuance capabilities. This move demonstrates confidence in the platform and is funded through internal capital and revolver capacity, showcasing Trisura's ability to support growth initiatives without relying on external markets. Q: How is Trisura managing its leverage ratio, and are there plans to increase it for growth opportunities? A: Clare stated that while Trisura targets a 20% leverage ratio, there is flexibility to increase it for the right opportunities. As Trisura grows and becomes more sophisticated, it may adopt a more market-normal leverage ratio to fund future opportunities. Q: What is driving the strong growth in the Warranty segment, and is it sustainable? A: Clare highlighted that the 40% growth in Warranty is driven by expanding relationships with existing partners in Canada. While auto sales have contributed to this growth, Clare does not expect 40% growth every quarter but anticipates a strong year overall in Warranty. Q: How is Trisura's US Programs business performing, and what are the growth drivers? A: Clare noted that the US Programs business saw 12% core growth, driven by existing Programs and some new additions. The E&S market remains healthy, and the MGA community is expanding, supporting growth. While pricing is not a major driver, the firm casualty market provides a mild tailwind. Q: What is the current mix of property versus casualty in Trisura's US Programs, and how is it positioned? A: Clare explained that the US Programs portfolio is about 25-30% property and 70% casualty. The property book is well-diversified, avoiding concentrated cat risks. This mix allows Trisura to benefit from casualty pricing trends while opportunistically engaging in the property market. Q: What are the future plans for expanding Trisura's Warranty business into the US? A: Clare mentioned that while expanding the Warranty business into the US is on Trisura's vision board, there are no concrete plans or timelines yet. The focus is on finding the right approach and partners for such an expansion. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
09-08-2025
- Business
- Yahoo
Trisura Group Ltd (TRRSF) Q2 2025 Earnings Call Highlights: Strong Growth Amid Market Challenges
Operating ROE: 18% for Q2 2025. Book Value: Grew 21% to $843 million. Operating Net Income: $33.3 million, up 6% from last year. Gross Premiums Written (GPW): $900 million for the quarter. Primary Lines Growth: 35% increase in the quarter. Net Insurance Revenue: $195 million, reflecting 18% growth over the prior year. Combined Ratio: 85.6% for the quarter. Net Investment Income: $18.9 million, up 11% in the quarter. Operating EPS: $0.69, reflecting 6.2% growth over the prior year. Book Value Per Share: $17.63 at June 30, 2025. Debt-to-Capital Ratio: 13.8% at June 30, 2025. Release Date: August 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Trisura Group Ltd (TRRSF) reported a strong quarter with an operating ROE of 18% and a 21% increase in book value to a record $843 million. The Surety line showed significant growth, with gross premiums written increasing by 61% and underwriting income growing over 150%. The company's primary lines, including Surety, Warranty, and Corporate Insurance, grew by more than 35%, indicating strong momentum. Investment portfolio increased to $1.6 billion, generating $18.9 million in interest and dividend income, up 12% over the previous year. Trisura Group Ltd (TRRSF) successfully funded growth initiatives through internal capital and revolver drawings, demonstrating efficient capital management. Negative Points Gross premiums written (GPW) were $900 million for the quarter, reflecting a reduction over the prior year due to non-renewed US Programs. The combined ratio for the group was 85.6%, slightly higher than the prior year, indicating increased costs. The expense ratio was slightly higher on a consolidated basis due to a shift in business mix towards Trisura Specialty, which has a higher expense ratio. Softening market conditions in Canadian Fronting and Corporate Insurance lines were noted, with elevated competition impacting growth. The debt-to-capital ratio increased to 13.8% due to drawdowns on the revolving credit facility, though it remains under the conservative leverage target of 20%. Q & A Highlights Q: Can you elaborate on the softening market conditions in the commercial market and how it affects Trisura? A: David Clare, CEO, explained that Trisura operates within Specialty lines, which typically deliver better-than-industry average combined ratios regardless of market conditions. While there are competitive pressures in some areas, Trisura's focus on Surety, which doesn't follow typical market cycles, and its niche areas, allows it to maintain profitability. Clare emphasized that Trisura is pragmatic and focuses on underwriting profitably in attractive niche markets. Q: What are the competitive pressures in the US Fronting side, and how is Trisura navigating this? A: Clare noted that while there was a surge of new entrants in the US Programs space in 2021 and 2022, this has slowed. The E&S markets and MGA community in the US continue to grow, supporting Trisura's model. Clare mentioned that Trisura has seen strong pipeline opportunities and has not changed its approach, maintaining access to and navigation of the market. Q: Can you discuss the capital injection into the US Surety and its implications? A: Clare explained that Trisura increased its US Surety balance sheet to $100 million, which is crucial for expanding its bond issuance capabilities. This move demonstrates confidence in the platform and is funded through internal capital and revolver capacity, showcasing Trisura's ability to support growth initiatives without relying on external markets. Q: How is Trisura managing its leverage ratio, and are there plans to increase it for growth opportunities? A: Clare stated that while Trisura targets a 20% leverage ratio, there is flexibility to increase it for the right opportunities. As Trisura grows and becomes more sophisticated, it may adopt a more market-normal leverage ratio to fund future opportunities. Q: What is driving the strong growth in the Warranty segment, and is it sustainable? A: Clare highlighted that the 40% growth in Warranty is driven by expanding relationships with existing partners in Canada. While auto sales have contributed to this growth, Clare does not expect 40% growth every quarter but anticipates a strong year overall in Warranty. Q: How is Trisura's US Programs business performing, and what are the growth drivers? A: Clare noted that the US Programs business saw 12% core growth, driven by existing Programs and some new additions. The E&S market remains healthy, and the MGA community is expanding, supporting growth. While pricing is not a major driver, the firm casualty market provides a mild tailwind. Q: What is the current mix of property versus casualty in Trisura's US Programs, and how is it positioned? A: Clare explained that the US Programs portfolio is about 25-30% property and 70% casualty. The property book is well-diversified, avoiding concentrated cat risks. This mix allows Trisura to benefit from casualty pricing trends while opportunistically engaging in the property market. Q: What are the future plans for expanding Trisura's Warranty business into the US? A: Clare mentioned that while expanding the Warranty business into the US is on Trisura's vision board, there are no concrete plans or timelines yet. The focus is on finding the right approach and partners for such an expansion. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
27-06-2025
- Business
- Hamilton Spectator
Trisura Group Announces Results Of Annual And Special Meeting Of Shareholders
TORONTO, June 27, 2025 (GLOBE NEWSWIRE) — Trisura Group Ltd. ('Trisura Group' or the 'Company') (TSX: TSU) today announced the results of the Company's virtual annual and special meeting of shareholders held on June 27, 2025 (the 'Meeting'). At the Meeting, all nine nominees proposed for election to the board of director by shareholders were elected. Management received the following proxies from shareholders in regard to the election of directors: About Trisura Group Trisura Group Ltd. is a specialty insurance provider operating in the Surety, Warranty, Corporate Insurance, Program and Fronting business lines of the market. Trisura has investments in wholly owned subsidiaries through which it conducts insurance operations. Those operations are primarily in Canada and the United States. Trisura Group Ltd. is listed on the Toronto Stock Exchange under the symbol 'TSU'. Further information is available at . Important information may be disseminated exclusively via the website; investors should consult the site to access this information. Details regarding the operations of Trisura Group Ltd. are also set forth in regulatory filings. A copy of the filings may be obtained on Trisura Group's SEDAR+ profile at . For more information, please contact: Name: Bryan Sinclair Tel: 416 607 2135 Email:
