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Trisura Group Reports Third Quarter 2025 Results: Strong Growth in BVPS Demonstrates Consistent, Profitable Underwriting and Increasing Investment Income
TORONTO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “...
About this update from Trisura Group Ltd.
[{"type":"text","content":" Trisura Group Reports Third Quarter 2025 Results: Strong Growth in BVPS Demonstrates Consistent, Profitable Underwriting and Increasing Investment Income\n\n\n\n TORONTO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading specialty insurance provider, today announced financial results for the third quarter of 2025.\n \n\n David Clare, President and CEO of Trisura, stated,\n \n\n\n “Q3 was another strong quarter with Operating ROE of 18.0% and Operating net income of $34.4 million, or $0.71 per share. A Combined ratio of 86.0% showcases our consistent underwriting profitability, and 23.8% growth in Net investment income supports repeatable growth in book value.\n \n\n\n\n Primary lines continued to expand with a 16.2% increase in Net insurance revenue, while momentum in US Programs resumed with an 18.1% increase in GPW.\n \n\n\n\n Book value rose to a record $904 million at Q3 while BVPS increased 20.8% year-over-year, driven by growth and robust earnings. Our conservative 13.0% debt-to-capital ratio reinforces financial flexibility and capacity to fund growth.”\n \n\n\n\n Highlights\n \n\n\n\n Operating ROE\n \n (1)\n \n of 18.0% was strong, reflecting profitability from core operations (ROE\n \n (1)\n \n of 15.1% in the quarter).\n \n\n BVPS\n \n (1)\n \n of $18.90 increased 20.8% over Q3 2024 demonstrating consistent expansion in book value, with EPS of $0.79 in the quarter and a strong financial position.\n \n\n Operating net income\n \n (1)\n \n was $34.4 million in the quarter, which increased by 3.6% demonstrating consistent profitable underwriting and growth in Net investment income. Net income of $38.6 million was greater than Operating net income primarily as a result of Net gains on the investment portfolio.\n \n\n Operating EPS\n \n (1)\n \n of $0.71 in the quarter increased by 4.4% demonstrating the strength of core operations through continued growth and profitability.\n \n\n\n Combined ratio\n \n (1)\n \n for the quarter was 86.0%, reflecting a strong underwriting performance across the portfolio.\n \n\n\n Net insurance revenue\n \n (1)\n \n growth of 6.4% was led by Primary lines\n \n (2)\n \n growth of 16.2%. GPW\n \n (1)\n \n growth of 11.2% reflects momentum in US Programs, and continued strength in Primary lines.\...