Trisura Group (TSE:TSU) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into TSE:TSU stock, check out TipRanks’ Stock Analysis page.
