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Trisura Group Ltd (TSE:TSU)
TSX:TSU
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.62Last Year’s EPS
0.23Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 08, 2019
|% Change Since: -21.12%
|Next Earnings Date:May 09, 2019
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong revenue growth and investment income increases. However, challenges such as higher expense ratios and claims from exited lines were noted. Overall, the highlights outweighed the lowlights, indicating a strong performance and optimistic future prospects.Company Guidance
During the Q3 2024 earnings call for Trisura Group Ltd., key metrics highlighted included an 11% growth in insurance revenue and a 19% operating return on equity. The company's book value increased by 24% to nearly $750 million compared to Q3 2023. Trisura Specialty reported a loss ratio just below 19% and a combined ratio of 85.6%. US Programs insurance revenue grew by 7% to $546 million, while the admitted insurance revenue was $126 million. Despite a slightly higher expense ratio due to start-up costs in the U.S., the operating net income increased by 3%, and the operating return on equity reached 25%. Net investment income rose by 20% due to a larger portfolio, with consolidated ROE on a rolling 12-month basis at 16.7%. The company recorded a net income of $36 million for the quarter and $100 million year-to-date, with earnings per share at $0.74 for the quarter.Strong Insurance Revenue Growth
Insurance revenue grew 11% in Q3 2024, contributing to a 19% operating return on equity. Book value increased by 24% over Q3 2023, reaching almost $750 million.
Significant Growth in US Surety
US Surety premiums reached $36 million in the quarter, demonstrating strong growth and expansion of distribution relationships.
Increased Investment Income
Net investment income grew by 20% over the prior year and 40% year-to-date, with notable gains from equity and fixed income investments.
Record-High Operating Return on Equity
Operating ROE was 19%, exceeding the mid-teens target, driven by profitable underwriting and increased investment income.
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TSE:TSU 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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TSE:TSU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$43.42 | C$41.10 | -5.34% |
| Aug 01, 2024 | C$44.60 | C$43.21 | -3.12% |
| May 02, 2024 | C$42.63 | C$44.87 | +5.25% |
| Feb 08, 2024 | C$36.79 | C$38.98 | +5.95% |
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 Ltd (TSE:TSU) report earnings?
Trisura Group Ltd (TSE:TSU) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Trisura Group Ltd (TSE:TSU) earnings time?
Trisura Group Ltd (TSE:TSU) earnings time is at Feb 06, 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 TSE:TSU EPS forecast?
TSE:TSU EPS forecast for the fiscal quarter 2024 (Q4) is 0.62.
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