Trisura Group Reports First Quarter 2025 Results

Financial Performance - Trisura Group reported a strong Operating ROE of 18.4% for Q1 2025, with Operating net income of $34.2 million or$0.70 per share, reflecting consistent execution of its strategy [1][5] - The quarterly Combined ratio was 82.7%, indicating strong underwriting performance, with a Loss ratio of 31.5% and an Expense ratio of 51.2% [2][27] - Net insurance revenue increased by 12.8% to $172.7 million compared to Q1 2024, driven by growth in Primary lines [4][13] Growth and Expansion - Trisura's Primary lines experienced significant growth of 28.1$18.2 million in Q1 2025, supported by a larger investment portfolio [4][8] - The growth in investment income reflects the overall business growth and effective management of the investment portfolio [5][8] Capital Position - Trisura's book value reached a record $820 million, with a conservative debt-to-capital ratio of 10.7%, indicating flexibility for future growth [2][14] - The Minimum Capital Test ratio for the regulated Canadian subsidiary was 273%, comfortably exceeding the regulatory requirement of 150% [14]