Trisura Group (TSE:TSU) has released an update.
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Trisura Group Ltd. has reported a robust first quarter in 2024 with a significant 16.5% growth in insurance revenue and a net income increase to $36.4 million, driven by business growth, effective underwriting, and a strong 66.3% rise in net investment income. The company also closed an acquisition to expand its U.S. surety business and expressed optimism for future growth fueled by a solid capital foundation and financial flexibility. Shareholders have seen a notable return on equity reaching the targeted mid-teens, and an increase in book value per share to $13.89 reflects the company’s positive financial trajectory.
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