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: 5.02%
• EPS Growth: 34.52%
• Country: CA
• Employees: 159
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Specialty
• EPS (TTM): 0.69
• Shares Outstanding: 47,566,994
• 10 Day Avg. Volume: 56,915
• 30 Day Avg. Volume: 87,806
• 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$54.33
• Price Target Upside: 44.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: C$44.00 ▲(16.96% Upside)

Trisura Group Ltd's overall stock score is driven by strong financial performance and positive earnings call highlights, including robust growth in key segments and strategic expansion. The technical analysis indicates a neutral market sentiment, while the valuation is reasonable. The absence of corporate events and dividend yield slightly tempers the score.

Positive Factors

Revenue Growth

The significant growth in surety and warranty lines indicates strong demand and effective market positioning, supporting long-term revenue expansion.

Strategic Expansion

The expansion of the U.S. Surety business enhances Trisura's capacity to issue larger bonds, indicating strategic growth and increased market presence.

Investment Portfolio Growth

Growth in the investment portfolio boosts income stability and supports financial resilience, providing a solid foundation for future investments.

Negative Factors

Competitive Pressures

Increased competition in the Canadian fronting market could pressure margins and limit growth opportunities, challenging Trisura's market positioning.

Higher Expense Ratios

Rising expense ratios may indicate inefficiencies or increased costs, potentially impacting profitability and requiring operational adjustments.

Reduction in U.S. Programs

The reduction in gross premiums from nonrenewed U.S. programs suggests potential challenges in maintaining client relationships and revenue streams.

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	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: 37.62
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 37.62 is below the 20-day moving average (MA) of 37.95, below the 50-day MA of 38.86, and below the 200-day MA of 38.12, indicating a bearish trend. The MACD of -0.29 indicates Negative momentum. The RSI at 45.04 is Neutral, neither overbought nor oversold. The STOCH value of 31.13 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	76 Outperform	C$1.79B	14.76	15.79%	―	5.02%	34.52%
LB	74 Outperform	$1.48B	10.89	5.47%	5.66%	-9.93%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SFC	64 Neutral	$1.08B	7.13	11.83%	4.58%	18.36%	-75.24%
WED	61 Neutral	C$842.14M	-12.81	-5.18%	―	469.58%	-150.58%
FN	60 Neutral	C$2.88B	15.67	27.73%	6.40%	24.34%	13.13%
GSY	59 Neutral	$2.68B	9.80	23.77%	3.43%	14.61%	8.17%

Trisura Group Ltd Corporate Events

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.

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.