Trisura Group Ltd. (T:TSU*CA)
Business Focus: Property & Casualty Insurance (NEC)
| Sector: Financials | Industry: Property & Casualty Insurance |
| Company Contact | |
| Address: | 333 Bay Street, Suite 1610, Box 22 TORONTO ON M5H 2R2 |
| Tel: | 1-416-6072135 |
| Website: | https://www.trisura.com |
| IR: | See website |
| Key People | ||
| David Clare President, Chief Executive Officer, Director | David Scotland Chief Financial Officer | Michael B. Beasley President and Chief Executive Officer - Trisura US |
| Chris Sekine President and Chief Executive Officer - Trisura Canada | Eileen M. Sweeney Executive Vice President and Chief Financial Officer - Trisura US | Jimmy Doyle Chief Risk Officer - Trisura Group and President and Chief Executive Officer - Trisura International | Tom Ciano Chief Underwriting Officer - US Corporate Insurance |
| Business Overview |
| Trisura Group Ltd. is a specialty insurance provider. The Company is engaged in operating in surety, risk solutions, corporate insurance, and fronting business lines of the market. It has investments in subsidiaries through which it conducts insurance and reinsurance operations. Those operations are primarily in Canada (Trisura Canada) and the United States (Trisura US). Its segments include the operations of Trisura Canada, comprising surety business underwritten in both Canada and the United States, and risk solutions, fronting and corporate insurance products primarily underwritten in Canada and Trisura US, which provides specialty fronting insurance solutions underwritten in the United States. The main products offered by its surety business line are contract surety bonds, commercial surety bonds, developer surety bonds, and new home warranty insurance. Its contract surety bonds, such as performance and labor and material payment bonds, are primarily for the construction industry. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Trisura Group Ltd revenues increased 31% to C$2.38B. Net income increased from C$27.8M to C$66.9M. Revenues reflect Insurance revenue increase of 38% to C$2.79B, Fin Inc/Exp frm reinsur ContrHeld-IFRS17 increase from -C$2.8M to C$65.8M. Net income benefited from GAAP Loss Ratio - %- US increase of 40% to 99.6%, Impairment - Financial Investments decrease from C$3M (expense) to C$0K. |
| Employees: | 311 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,461M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,376M as of Dec 31, 2023 |
| EBITDA (TTM): | $93.60M as of Dec 31, 2023 |
| Net annual income (TTM): | $66.94M as of Dec 31, 2023 |
| Free cash flow (TTM): | $257.20M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 47,673,375 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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