05:20 PM EDT, 05/02/2024 (MT Newswires) -- Trisura Group ( TRRSF ) reported higher net income and insurance revenue for the first qiuarter.

The specialty insurance provider posted a profit of C$36.4 million or C$0.75 per diluted share, compared with net income of C$14 million, or C$0.30 per diluted share, the year-prior quarter, a near 161% increase.

Operating net income of C$33.2 million, or $0.68 per diluted share, was 16% higher than the C$28.6 million, or C$0.61 per diluted share, for the prior year period.

Insurance revenue was 16.5% higher, from C$639.1 million, to C$744.3 million, which Trisura ( TRRSF ) said was due to expanded market share and distribution partners.