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Trisura Group Reports First Quarter 2026 Results: Strong Growth in Operating Net Income of 11% Reflects Robust Underwriting and Increasing Net Investment Income
TORONTO, May 07, 2026 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “...
About this update from Trisura Group Ltd.
[{"type":"text","content":"Trisura Group Reports First Quarter 2026 Results: Strong Growth in Operating Net Income of 11% Reflects Robust Underwriting and Increasing Net Investment Income\nTORONTO, May 07, 2026 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading specialty insurance provider, today announced financial results for the first quarter of 2026. David Clare, President and CEO of Trisura, stated, “Q1 was a strong start to the year, with Operating net income of $37.9 million, or $0.78 per share. Momentum continued with growth in Net insurance revenue of 12.1% underpinned by a combined ratio of 84.3% and supported by a 16.5% growth in Net investment income. Our Surety lines continued expanding following significant growth in 2025, with an increase in net insurance revenue of 13.1%(1) as we scaled in the US and continued to grow in Canada. Primary lines, which are the segments that carry the highest underwriting margins and meaningfully drive profitability, achieved 11.4% growth in Net insurance revenue. The completion of our $200 million senior unsecured notes offering in March marked our largest capital raise to date and an important milestone in the evolution of our capital structure. Our 17.3% Debt-to-capital ratio remains well below our target range, with a balance sheet approaching $950 million supporting flexibility and capacity to continue growing.” Highlights Operating ROE(2) of 17.0% was strong, reflecting profitability from core operations (ROE(2) was 17.0% in the quarter).BVPS(2) of $19.98 increased 16.4% over Q1 2025, supported by strong earnings. Our capital position was further strengthened in the quarter by the successful completion of a $200 million senior unsecured notes offering, with our Debt-to-capital(2) ratio remaining conservatively positioned at 17.3%. Net insurance revenue(2) growth of 12.1% was robust, driven by continued momentum across US Programs and Primary lines(3). GPW(2) growth of 6.1%(1) was driven by continued strength in Primary lines which grew by 12.9%(1) this quarter.Combined ratio(2) for the quarter was 84.3%, reflecting strong underwriting performance across the portfolio.Operating EPS(2) was $0.78 in the quarter, supported by strong Underwriting and Net investment income. Net income of $37.4 million was greater than the prior ...