Overview

* Trisura ( TRRSF ) Q3 net income rises 6.9% to $38.6 mln, supported by investment gains

* Operating EPS for Q3 at $0.71

* Combined ratio for Q3 was 86.0%, reflecting strong underwriting performance

Outlook

* Trisura ( TRRSF ) did not provide specific future guidance in the press release

Result Drivers

* PRIMARY LINES GROWTH - Co reports 16.2% increase in net insurance revenue from primary lines

* INVESTMENT INCOME - Net investment income rose 23.8%, supporting profitability and book value growth

* BUSINESS MIX SHIFT - Combined ratio increased due to shift towards Trisura Specialty, which has a higher combined ratio

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$197.30

Insuranc mln

e

revenue

Q3 EPS C$0.79

Q3 Net C$34.40

Income mln

Q3 86.00%

Combined

Ratio

Q3 ROE 18.00%

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy"

* Wall Street's median 12-month price target for Trisura Group Ltd ( TRRSF ) is C$54.50, about 31% above its November 5 closing price of C$37.62

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)