Trisura Group Ltd (TSU) AI Stock Analysis

• Market Cap: C$1.95B
• Dividend Yield: N/A
• Average Volume (3M): 71.65K
• Price to Earnings (P/E): 16.2
• Beta (1Y): 1.03
• Revenue Growth: 5.02%
• EPS Growth: 34.52%
• Country: CA
• Employees: 159
• Sector: Financial
• Sector Strength: 71
• Industry: Insurance - Specialty
• EPS (TTM): 0.69
• Shares Outstanding: 47,536,700
• 10 Day Avg. Volume: 69,356
• 30 Day Avg. Volume: 71,654
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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$53.50
• Price Target Upside: 30.17% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 72 Outperform
• Price Target: C$46.00 ▲(11.92% Upside)

Trisura Group Ltd's overall stock score is driven by its strong financial performance and positive earnings call, which highlight robust growth and strategic advancements. However, technical indicators suggest bearish momentum, and the valuation is moderate, limiting the score. The absence of a dividend yield also impacts its attractiveness.

Positive Factors

Financial Performance

Trisura Specialty net premium earned growth showed solid performance with a 21% increase.

Revenue Growth

Net premiums earned, a better indicator of revenue growth, was up an impressive 87% year-over-year.

Valuation

Valuation is seen as attractive with a 2.2x for a 17-18% ROE.

Negative Factors

Operational Costs

Higher corporate expenses and a higher tax rate were the main contributors to the EPS miss.

Underwriting Income

Modestly weaker underwriting income as higher combined ratio more than offsets positive impact of better net premium earned.

Weather-Related Claims

U.S. Programs experienced weaker net underwriting income due to adverse weather-related claims and some reserve development.

Trisura Group Ltd Business Overview & Revenue Model

Company Description

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company offers contract surety bonds, such as performance, and labor and material payment bonds primarily for the construction industry; commercial surety bonds, including license and permit, tax and excise, and fiduciary bonds to governments, regulatory bodies, or courts to guarantee compliance with legal or fiduciary obligations; and developer surety bonds comprising bonds to secure real estate developers' legislated deposit and warranty obligations on residential projects. It provides risk solutions, including warranty programs to program administrators, managing general agents, captive insurance companies, affinity groups, and reinsurers. The company also offers corporate insurance products that comprise directors' and officers' insurance for public, private, and non-profit enterprises; errors and omissions liability insurance for enterprises and professionals; business office package insurance for enterprises and professionals; and fidelity insurance for commercial and financial institutions. Trisura Group Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.

How the Company Makes Money

Trisura Group Ltd generates revenue primarily through underwriting insurance policies and collecting premiums in its specialty sectors. The company earns money by assessing and pricing risk for its clients, and then collecting premiums in exchange for providing insurance coverage. In addition to underwriting activities, Trisura also earns investment income from its insurance float, which is the pool of premiums collected that can be invested until claims are paid out. Key revenue streams include premiums from surety bonds, corporate insurance policies, and reinsurance agreements. Strategic partnerships with brokers and agencies play a significant role in distributing their products and expanding their market reach, contributing to their overall 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	3.21B	3.22B	2.84B	2.06B	349.88M	226.63M
Gross Profit	1.62B	197.19M	2.84B	2.06B	349.88M	226.63M
EBITDA	168.52M	163.19M	94.49M	38.39M	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: Negative
• Last Price: 41.10
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TSU, the sentiment is Negative. The current price of 41.1 is below the 20-day moving average (MA) of 42.11, below the 50-day MA of 42.75, and above the 200-day MA of 38.20, indicating a neutral trend. The MACD of -0.48 indicates Positive momentum. The RSI at 41.13 is Neutral, neither overbought nor oversold. The STOCH value of 30.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	72 Outperform	C$1.95B	16.16	15.79%	―	5.02%	34.52%
Sector *	68 Neutral	$17.86B	12.02	10.34%	3.75%	9.68%	0.49%
LRCDF	―	$985.18M	10.35	5.38%	6.07%	―	―
WED	61 Neutral	C$964.61M	12.73	-5.18%	―	469.58%	-150.58%
FN	60 Neutral	C$2.89B	15.73	24.57%	6.79%	13.53%	-19.41%
EHMEF	―	$2.43B	12.36	23.77%	2.49%	―	―
SGCFF	―	$800.08M	7.31	11.83%	4.27%	―	―

Trisura Group Ltd Corporate Events

Trisura Group Achieves 21% Growth in Q2 2025 with Surety Expansion

Trisura Group Ltd. reported a strong financial performance in the second quarter of 2025, with a 21% growth in book value per share and significant progress in its surety expansion. The company achieved an operating return on equity of 17.8% and operating net income of $33.3 million, driven by growth in primary lines and increased investment income. The surety platform saw a 60.7% growth in quarterly premiums, enhancing Trisura’s capacity to underwrite in the US and Canada. The company’s strong underwriting and investment returns contributed to a new record book value of $843 million, positioning it well for continued growth.

The most recent analyst rating on (TSE:TSU) stock is a Buy with a C$51.00 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 Q2 2025 Results Release and Conference Call

Trisura Group Ltd., a leading specialty insurance provider, announced the release schedule for its second quarter 2025 results and the timing of its earnings conference call. The results will be made public after market close on August 7, 2025, with a conference call for analysts and investors scheduled for the following day. This announcement provides stakeholders with a timeline for when they can expect to receive updates on the company’s financial performance, which is crucial for assessing its market position and operational strategies.

The most recent analyst rating on (TSE:TSU) stock is a Buy with a C$51.00 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. Announces Shareholder Meeting Results

Trisura Group Ltd. announced the results of its virtual annual and special meeting of shareholders, where all nine nominees proposed for election to the board of directors were successfully elected. This outcome reflects strong shareholder support for the current management and board, potentially reinforcing the company’s strategic direction and stability in the specialty insurance market.

The most recent analyst rating on (TSE:TSU) stock is a Buy with a C$51.00 price target. To see the full list of analyst forecasts on Trisura Group Ltd stock, see the TSE:TSU Stock Forecast page.