Core Viewpoint - The outlook for Canada's property and casualty (P&C) insurance market in 2026 remains neutral, driven by strong capital positions and firm underwriting practices despite challenges from climate-related exposures and claims cost inflation [1][2]. Group 1: Market Conditions - The P&C insurance sector benefits from strong capital positions, firm underwriting practices, and cautious reserving, which help balance pressures from higher climate-related exposures and ongoing claims cost inflation [2]. - Earnings over the next 12 to 18 months are expected to support internal capital formation, although results may fluctuate due to elevated weather-related loss activity [3]. - The agency anticipates continued declines in many commercial lines in 2026, particularly for large corporate accounts where price reductions are most pronounced [4]. Group 2: Regulatory Changes and Pricing - Upcoming regulatory changes in auto insurance in Ontario and Alberta are expected to reduce premiums and introduce uncertainty regarding long-term earnings [5]. - The current easing trend in commercial insurance pricing began in mid-2024, supported by strong capital availability across the industry [7]. - Pricing pressure is strongest among large commercial accounts, while smaller and mid-sized businesses have seen steady or slightly higher pricing in some specialty areas [8]. Group 3: Catastrophe Losses and Climate Risks - Catastrophe losses are classified as a main credit risk for P&C insurers, with event frequency and severity elevated due to climate change [12]. - Wildfire exposure is expanding in regions like northern Québec, Alberta, and British Columbia, leading insurers to adjust pricing and policy terms [13]. - Reinsurance costs have been declining and are expected to continue falling, providing insurers with opportunities to lower expenses or secure broader protection [14]. Group 4: Company Performance and Trends - The neutral sector view reflects expectations for the overall market rather than the rating direction of individual companies, with more issuers showing positive trends than stable trends [15]. - Despite some companies outperforming, heightened climate-driven risk and rising claims costs limit the broader sector view from shifting to a more favorable stance [16].

Core Viewpoint - Trisura Group Ltd. has announced its intention to renew its Normal Course Issuer Bid (NCIB) to repurchase up to 1,427,012 common shares, representing approximately 3% of its issued and outstanding shares, to offset dilution from equity incentive programs and return capital to shareholders [1][2][4]. Group 1: NCIB Details - The NCIB will commence on December 9, 2025, and end on December 8, 2026, allowing Trisura to purchase shares at market prices or other permitted prices [2][5]. - Trisura Group had previously received approval to purchase up to 1,433,371 common shares under its previous NCIB, which expires on December 5, 2025 [3]. - The company has not repurchased any common shares in the last twelve months [3]. Group 2: Share Purchase Plan - An automatic share purchase plan is intended to be established around December 9, 2025, allowing for share purchases during internal trading black-out periods [6]. - All shares acquired under the NCIB will be cancelled or purchased by a non-independent trustee as per Trisura's escrowed stock plan [5]. Group 3: Company Overview - Trisura Group Ltd. operates as a specialty insurance provider in various business lines, including Surety, Warranty, Corporate Insurance, and Fronting, primarily in Canada and the United States [7].

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. David Clare, President and CEO of Trisura, stated, “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 ...

TORONTO, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading specialty insurer, announces the timing of third quarter 2025 results and earnings conference call. Trisura will release its third quarter 2025 results after market close on Thursday, November 6th, 2025. The company will host a conference call for analysts and investors on Friday, November 7th, 2025 at 9:00 a.m. ET. Conference call participants will be David Clare, President and Chief Executive ...

Core Insights - Trisura Group Ltd. will participate in the Scotiabank Financials Summit on September 4, 2025, with CEO David Clare featured in a fireside chat [1] - Trisura Group is a specialty insurance provider focusing on Surety, Warranty, Corporate Insurance, Program, and Fronting business lines, primarily operating in Canada and the United States [2] Company Overview - Trisura Group Ltd. is listed on the Toronto Stock Exchange under the symbol "TSU" [2] - The company conducts its insurance operations through wholly owned subsidiaries [2] Additional Information - Further details about Trisura Group can be found on their official website, and important information may be disseminated exclusively through this platform [3] - Regulatory filings related to Trisura Group Ltd. are available on their SEDAR+ profile [3]

Core Insights - Trisura Group Ltd. reported strong financial results for Q2 2025, achieving an Operating ROE of 17.8% and Operating net income of $33.3 million, or $0.69 per share, driven by a focus on specialty insurance and disciplined underwriting [1][5][12] - The company experienced significant growth in its Primary Lines, with a 35.1% increase, contributing to a quarterly Combined ratio of 85.6% [1][5][12] - The Surety platform saw a remarkable 60.7% growth in quarterly premiums, reflecting expansion in both the US and Canadian markets [2][5] Financial Performance - Gross Premiums Written (GPW) for Q2 2025 were $900.4 million, a decrease of 5.8% compared to Q2 2024, while year-to-date GPW was $1.612 billion, down 4.0% [4] - Net insurance revenue increased by 18.1% to $195.8 million in Q2 2025, with year-to-date revenue of $368.5 million, up 15.6% [4][12] - Underwriting income rose by 10.9% to $28.2 million in Q2 2025, with a year-to-date increase of 6.0% to $58.0 million [4][12] - Net investment income grew by 11.6% to $18.9 million in Q2 2025, contributing to a year-to-date total of $37.1 million, up 10.1% [4][12] Ratios and Metrics - The Combined ratio for Q2 2025 was 85.6%, slightly higher than 84.7% in Q2 2024, primarily due to an increase in the Expense ratio [4][12] - The Loss ratio improved marginally to 33.2% from 33.4% year-over-year, while the Expense ratio increased to 52.4% from 51.3% [4][12] - Book value per share (BVPS) reached $17.63, reflecting a 21.1% increase over Q2 2024 [5][6] Capital Position - The Debt-to-capital ratio stood at 13.8%, indicating a conservative capital structure while supporting growth initiatives [2][5][12] - The company maintained a strong capital position, with consolidated book value reaching a record $843 million at the end of Q2 2025 [3][5]

Core Viewpoint - Trisura Group Ltd. is set to release its second quarter 2025 financial results on August 7, 2025, followed by a conference call on August 8, 2025, featuring key executives [1][2]. Company Overview - Trisura Group Ltd. operates as a specialty insurance provider in various business lines, including Surety, Warranty, Corporate Insurance, Program, and Fronting [3]. - The company conducts its insurance operations primarily in Canada and the United States and is listed on the Toronto Stock Exchange under the symbol "TSU" [3].

Core Points - Trisura Group Ltd. held its virtual annual and special meeting of shareholders on June 27, 2025, where all nine nominees for the board of directors were elected [1][2]. Group 1: Election Results - David Clare received 34,235,415 votes, representing 97.59% in favor [2] - Paul Gallagher received 34,123,007 votes, representing 97.27% in favor [2] - Sacha Haque received 34,243,472 votes, representing 97.62% in favor [2] - Barton Hedges received 34,265,242 votes, representing 97.68% in favor [2] - Anik Lanthier received 34,163,571 votes, representing 97.39% in favor [2] - Janice Madon received 34,262,812 votes, representing 97.67% in favor [2] - George E. Myhal received 32,940,147 votes, representing 93.90% in favor [2] - Lilia Sham received 34,261,547 votes, representing 97.67% in favor [2] - Robert Taylor received 34,119,101 votes, representing 97.26% in favor [2] Group 2: Company Overview - Trisura Group Ltd. is a specialty insurance provider operating in Surety, Warranty, Corporate Insurance, Program, and Fronting business lines [3] - The company conducts insurance operations primarily in Canada and the United States [3] - Trisura Group Ltd. is listed on the Toronto Stock Exchange under the symbol "TSU" [3]

Core Viewpoint - Trisura Group Ltd. will discuss its first quarter 2025 results and outlook for the year in a virtual fireside chat on May 12, 2025 [1] Company Overview - Trisura Group Ltd. is a specialty insurance provider operating in various business lines including Surety, Warranty, Corporate Insurance, Program, and Fronting [2] - The company conducts its insurance operations primarily in Canada and the United States and is listed on the Toronto Stock Exchange under the symbol "TSU" [2]

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% in Q1 2025, contributing meaningfully to Underwriting income [2][5] - The company expanded its US Surety operations, achieving 33 state licenses and enhancing relationships with key distribution partners [2][5] Investment Income - Net investment income rose by 8.6% to $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]