Trisura Group Ltd. (TSU) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to Trishura Group Limited's second quarter 2023 earnings conference call. On the call today are David Clare, Chief Executive Officer, and David Scotland, Chief Financial Officer. David Clare will begin by providing a business and strategic update, followed by David Scotland, who will discuss financial results for the quarter. Following formal comments, lines will be open for analyst questions. I'd like to remind participants that in today's comments, including in responding to questions and in discussing new initiatives related to financial and operating performance, forward-looking statements may be made, including forward-looking statements within the meeting of applicable Canadian and U.S. securities law. These statements reflect predictions of future events and trends and do not relate to historic events. They're subject to known and unknown risks, and future events and results may differ materially from such statements. For further information on these risks and their potential impacts, please see treasurer's filings with securities regulators. To ask a question during the Q&A session, you will need to press star 1 1 on your touch tone phone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 again. Thank you. I'll now turn the call over to David Clare. Thank you, operator. Good morning and welcome. We demonstrated strong performance in the second quarter, growing insurance revenue 43% compared to Q2 2022 and supporting a 19% return on operating equity. Momentum was sustained as we scale an increasingly diversified specialty insurance platform. Results, again, were particularly strong in Canada, with 32% growth in insurance revenue supported by profitable underwriting. Our ...