Trisura Group Ltd
TSU
ISIN CA89679A2092 / Valor 39541784
Trisura Group Ltd
UMushroom community rating:
About company
Trisura Group Ltd is a prominent specialty insurance provider that offers services in Surety, Risk Solutions, Corporate Insurance, and Fronting business lines. The company operates through its Canadian and US specialty insurance subsidiaries, with the Canadian subsidiary having a strong underwriting track record since its inception in 2006. Trisura's US subsidiary has been active in the non-admitted markets since 2018 and is licensed to write business across 50 states, with plans to expand further. The company's Board of Directors oversees risk management and internal controls to ensure operational efficiency and compliance.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (23.05.2024):
Revenue Growth
In the first quarter of 2024, Trisura Group Ltd. reported a significant increase in insurance revenue, which grew by 16.5% compared to the first quarter of 2023. This growth is attributed to the expansion of market share and distribution partnerships, particularly in the Canadian and US markets.
Net Income Increase
Trisura Group Ltd. experienced a substantial rise in net income, reaching $36.4 million in Q1 2024, which represents a 160.7% increase from Q1 2023. This increase was driven by higher net investment income, improved profitability in US Fronting, and unrealized gains in the investment portfolio.
Investment Income Growth
The company's net investment income saw a remarkable increase of 66.3% in the first quarter of 2024 compared to the same period in 2023. This growth was fueled by higher yields and an expanded investment portfolio, reflecting Trisura's strategic financial management.
Book Value and ROE
Trisura Group Ltd.'s book value per share increased by 24.6% to $13.89 as of March 31, 2024, primarily due to strong earnings and higher net investment income. The Return on Equity (ROE) for the period was 15.3%, indicating a robust return to the company's mid-teens target.
Capital and Debt Management
As of March 31, 2024, Trisura Group Ltd. maintained a healthy capital position with a debt-to-capital ratio of 10.2%, well below the long-term target of 20%. This demonstrates the company's strong balance sheet and financial flexibility, supporting ongoing growth and operational activities.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1278 M
Market cap (USD)
57,952
Daily traded volume (Shares)
38.89 / 38.2
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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