Trisura Group Ltd (TSU) AI Stock Analysis

• Market Cap: C$1.79B
• Dividend Yield: N/A
• Average Volume (3M): 87.81K
• Price to Earnings (P/E): 14.8
• Beta (1Y): 1.17
• Revenue Growth: 0.67%
• EPS Growth: 11.59%
• Country: CA
• Employees: 159
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Specialty
• EPS (TTM): 0.71
• Shares Outstanding: 47,566,994
• 10 Day Avg. Volume: 56,915
• 30 Day Avg. Volume: 87,806
• PEG Ratio: 0.21
• Price to Book (P/B): 2.36
• Price to Sales (P/S): 0.58
• P/FCF Ratio: 16.02
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$57.00
• Price Target Upside: 43.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: C$44.00 ▲(10.58% Upside)

Trisura Group Ltd's strong financial performance and positive earnings call sentiment are the most significant factors contributing to its score. The company's strategic growth and robust cash flow management are key strengths. However, technical indicators suggest a bearish trend, and valuation metrics indicate the stock is fairly priced, which tempers the overall score.

Positive Factors

Revenue Growth

The 16% increase in net insurance revenue indicates strong demand for Trisura's products, supporting long-term growth and market expansion.

U.S. Market Expansion

Strategic expansion in the U.S. market enhances Trisura's growth potential and diversifies revenue streams, reducing reliance on Canadian operations.

Strong Cash Flow

Significant free cash flow growth underscores Trisura's ability to generate cash, supporting reinvestment and financial stability over the long term.

Negative Factors

Premium Decline in Canadian Fronting

Declining premiums in Canadian Fronting suggest competitive challenges, potentially impacting revenue and profitability in this segment.

Higher Expense Ratios

Rising expense ratios could pressure margins, affecting profitability unless offset by revenue growth or cost management improvements.

Competitive Pressure in Corporate Insurance

Intense competition in corporate insurance may limit growth and profitability, necessitating strategic adjustments to maintain market position.

Trisura Group Ltd Business Overview & Revenue Model

Company Description

Trisura Group Ltd (TSU) is a Canadian insurance and reinsurance company that operates primarily in the specialty insurance sector. The company focuses on providing niche insurance products and solutions, including surety bonds, warranty insurance, and various property and casualty insurance offerings. With a commitment to innovation and customer service, Trisura serves a diverse range of clients, including businesses and individuals, across Canada and internationally.

How the Company Makes Money

Trisura Group Ltd generates revenue primarily through the underwriting of insurance premiums, which are collected from policyholders in exchange for coverage against specified risks. The company earns significant income from its surety bonds, which guarantee the performance of contractors and businesses in various industries. Additionally, Trisura receives investment income from the premium reserves it holds before claims are paid out. The company's revenue model is bolstered by strategic partnerships with brokers and agents, which facilitate access to a broader client base. Furthermore, Trisura benefits from diversification across different insurance sectors, allowing it to mitigate risks and stabilize earnings.

Trisura Group Ltd Financial Statement Overview

Summary

Trisura Group Ltd demonstrates strong financial health with robust revenue growth and effective cash flow management. The balance sheet reflects prudent leverage and strong returns on equity, though there is potential to enhance equity levels. While profitability margins have room for improvement, the company's financial trajectory remains positive, positioning it well for future growth.

Income Statement

Trisura Group Ltd shows a strong revenue growth rate of 8.69% in the TTM period, indicating positive momentum. The gross profit margin is robust at 63.20%, though it has decreased from the previous year's 100% due to changes in revenue recognition or cost structure. The net profit margin of 6.19% is moderate, suggesting room for improvement in cost management or pricing strategy. EBIT and EBITDA margins have declined compared to the previous year, reflecting potential operational inefficiencies or increased competition.

Balance Sheet

The company maintains a healthy debt-to-equity ratio of 0.19, indicating prudent leverage management. Return on equity is strong at 15.20%, showcasing effective use of shareholder funds to generate profits. The equity ratio of 18.15% suggests a stable capital structure, though there is room to increase equity to enhance financial stability.

Cash Flow

Trisura Group Ltd exhibits impressive free cash flow growth of 24,618.18% in the TTM period, highlighting significant improvements in cash generation. The free cash flow to net income ratio is nearly 1, indicating efficient conversion of profits into cash. However, the operating cash flow to net income ratio is unavailable, which could provide additional insights into cash flow efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.94B	778.83M	711.34M	520.77M	349.88M	226.63M
Gross Profit	210.53M	197.19M	118.13M	-112.58M	159.79M	98.16M
EBITDA	168.52M	163.19M	94.49M	46.01M	86.01M	43.22M
Net Income	121.46M	118.92M	66.94M	27.80M	62.56M	32.44M
Balance Sheet
Total Assets	4.64B	4.59B	3.58B	4.28B	3.00B	1.71B
Cash, Cash Equivalents and Short-Term Investments	1.52B	1.36B	611.52M	1.17B	341.32M	136.52M
Total Debt	157.97M	107.57M	84.70M	86.74M	84.68M	36.35M
Total Liabilities	3.80B	3.81B	2.97B	3.80B	2.64B	1.42B
Stockholders Equity	843.02M	785.27M	619.43M	493.65M	358.79M	289.86M
Cash Flow
Free Cash Flow	314.17M	115.89M	257.20M	148.80M	303.39M	82.05M
Operating Cash Flow	317.11M	119.73M	257.91M	150.93M	306.85M	83.34M
Investing Cash Flow	-493.36M	-471.81M	-117.34M	-241.99M	-148.65M	-94.40M
Financing Cash Flow	34.23M	22.04M	48.06M	141.59M	45.15M	63.63M

Trisura Group Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.79
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TSU, the sentiment is Positive. The current price of 39.79 is above the 20-day moving average (MA) of 38.70, above the 50-day MA of 38.72, and above the 200-day MA of 38.36, indicating a bullish trend. The MACD of 0.37 indicates Negative momentum. The RSI at 56.08 is Neutral, neither overbought nor oversold. The STOCH value of 82.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TSU.

Trisura Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSU	76 Outperform	C$1.79B	14.76	15.79%	―	0.67%	11.59%
LB	74 Outperform	$1.45B	10.72	5.47%	5.79%	-9.93%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SFC	64 Neutral	$1.08B	7.13	13.36%	4.55%	-10.94%	-73.26%
WED	61 Neutral	C$842.14M	-12.81	-6.98%	―	333.02%	-196.36%
GSY	61 Neutral	$1.92B	8.62	18.88%	4.71%	13.69%	-16.06%
FN	60 Neutral	C$2.88B	15.67	27.73%	6.40%	24.34%	13.13%

Trisura Group Ltd Corporate Events

Trisura Group Reports Strong Q3 2025 Financial Results

Trisura Group Ltd. reported strong financial results for the third quarter of 2025, showcasing consistent growth and profitability. The company achieved an operating return on equity of 18.0% and a net income of $38.6 million, driven by a 23.8% increase in net investment income and a 16.2% growth in primary lines. The combined ratio of 86.0% reflects solid underwriting performance, while the book value per share increased by 20.8% year-over-year. Trisura’s financial flexibility is reinforced by a conservative debt-to-capital ratio of 13.0%, supporting continued growth and capitalizing its US Surety balance sheet.

The most recent analyst rating on (TSE:TSU) stock is a Buy with a C$44.00 price target. To see the full list of analyst forecasts on Trisura Group Ltd stock, see the TSE:TSU Stock Forecast page.

Trisura Group Ltd. Schedules Q3 2025 Results Release and Conference Call

Trisura Group Ltd., a leading specialty insurer, has announced the release schedule for its third quarter 2025 financial results, which will be available after market close on November 6, 2025. The company will also host an earnings conference call for analysts and investors on November 7, 2025, featuring key executives. This announcement is part of Trisura’s ongoing efforts to maintain transparency with stakeholders and provide insights into its financial performance.

The most recent analyst rating on (TSE:TSU) stock is a Buy with a C$42.00 price target. To see the full list of analyst forecasts on Trisura Group Ltd stock, see the TSE:TSU Stock Forecast page.

Trisura Group’s Earnings Call Highlights Robust Growth

Trisura Group’s recent earnings call conveyed a positive sentiment, highlighting robust growth in key segments such as Surety and Warranty. Despite facing challenges like softness in Canadian fronting and a slightly higher combined ratio, the overall tone was optimistic due to the company’s strong financial performance and strategic growth initiatives.