04:38 PM EST, 11/07/2024 (MT Newswires) -- Trisura Group ( TRRSF ) after trade Thursday said its third-quarter profit and insurance revenue increased year-over-year as the prior period included certain costs related to a run-off program.

The company said it earned $36.1 million, or $0.74 per share, in the quarter, up from $14.8 million, or $0.31, in the year-prior quarter.

Chief Executive David Clare said the quarter's "strong performance" was due to "growth, profitable underwriting in Trisura Specialty, growing earnings from US programs, and higher net investment income."

Insurance revenue grew 10.5% to $807.6 million from $730.7 million a year earlier due to continued momentum in North America, the company added.

Clare said the company's book value has risen to nearly $750 million due to strong earnings and investment gains.

Trisura ( TRRSF ) shares closed down $0.36 to $43.42 on the Toronto Stock Exchange.