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Trisura Group (TRRSF)
:TRRSF
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.52Last Year’s EPS
0.48Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 4.56%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call presentation was broadly positive, highlighting significant income growth, strong performance in the U.S. Surety business, and positive investment income. However, challenges were noted with exited lines and higher expense ratios, which tempered the overall positive outlook.Company Guidance
During the call, Trisura Group Ltd. provided guidance reflecting strong performance in 2024 and a positive outlook for the future. The company reported a 26% growth in book value per share, driven by an annual combined ratio of 89%, record net income of $136 million, and a return on equity of 19%. Specialty Insurance, particularly Surety, Corporate Insurance, and Warranty, showed mid-teens growth, with U.S. Surety expanding by 197% and achieving a 15% annual loss ratio. The operating combined ratio was reported at 81% for ongoing U.S. programs. Trisura aims for over 15% growth in premium, operating return on equity, and book value per share, targeting $1 billion in book value by 2027. The company remains optimistic about expanding its North American Specialty Insurance presence and leveraging market opportunities amid volatility.Strong Financial Performance
Trisura Group Ltd. achieved record operating and reported net income of $136 million and $119 million, respectively, for the year. The company also reported a 26% growth in book value per share and an operating return on equity of 19%.
Significant Growth in U.S. Surety
U.S. Surety business grew 197% in 2024, moving Trisura to a rank in the top 35 of U.S. Sureties from a rank of 51 at the end of 2023.
Positive Investment Income
Net investment income grew by 29.8% year-to-date, with a focus on investment-grade corporate and government bonds contributing to the growth.
Operational Efficiency
An annual combined ratio of 89% was achieved, with specific segments like Trisura Specialty showing an operating combined ratio of 84%.
Expansion in Canadian and U.S. Markets
Continued growth in Canadian and U.S. markets, with an emphasis on expanding primary lines and strategic hires to enhance market presence.
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TRRSF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TRRSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $23.45 | $25.62 | +9.25% |
| Nov 07, 2024 | $31.62 | $29.37 | -7.11% |
| Aug 01, 2024 | $33.00 | $31.10 | -5.76% |
| May 02, 2024 | $31.14 | $32.82 | +5.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trisura Group (TRRSF) report earnings?
Trisura Group (TRRSF) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Trisura Group (TRRSF) earnings time?
Trisura Group (TRRSF) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRRSF EPS forecast?
TRRSF EPS forecast for the fiscal quarter 2025 (Q1) is 0.52.
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