Strong Customer Retention
TriNet maintained strong customer retention despite challenges, with retention rates expected to exceed the historical 80% benchmark.
Insurance Repricing Progress
Successfully repriced insurance for two-thirds of the customer base, balancing cost ratio improvement with customer retention.
Revenue and Earnings In Line With Expectations
Total revenue grew by 1% year over year, and the company is on track to meet its full-year financial guidance.
Cost Management and Margin Expansion
Operating expenses declined by 6% year over year, contributing to a strong adjusted EBITDA margin of 12.6%.
Dividend Increase and Share Repurchase
TriNet announced a 10% dividend increase and repurchased 1.2 million shares, demonstrating confidence in the company's momentum.