Earnings Call Summary | TRISURA GROUP LTD(TRRSF.US) Q1 2024 Earnings Conference
Earnings Call Summary | TRISURA GROUP LTD(TRRSF.US) Q1 2024 Earnings Conference
The following is a summary of the Trisura Group Ltd. (TRRSF) Q1 2024 Earnings Call Transcript:
以下是特瑞苏拉集团有限公司(TRRSF)2024年第一季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Trisura reported Q1 insurance revenue growth of 17% and an operating return on equity of 20%.
The overall net investment income expanded by 66%.
Trisura's net income for the quarter was $36 million, with an operating net income of $33 million driven by business expansion and increased investment income.
In Canada, business growth resulted in a combined ratio of 82%, while increased investment income led to a 23% increase in operating net income and a 28% return on equity.
The US operation reported insurance revenue of $522 million and saw a 23% increase in fees, with a 30% increase in operating net income and a 14% operating return on equity.
Trisura报告称,第一季度保险收入增长了17%,营业股本回报率为20%。
总净投资收入增长了66%。
Trisura本季度的净收入为3,600万美元,在业务扩张和投资收入增加的推动下,营业净收入为3,300万美元。
在加拿大,业务增长使合并比率为82%,而投资收入的增加使营业净收入增长了23%,股本回报率为28%。
这家美国业务报告的保险收入为5.22亿美元,费用增长了23%,营业净收入增长了30%,营业股本回报率为14%。
Business Progress:
业务进展:
Trisura's Canadian operation saw growth across various lines with fronting and surety leading the growth, while the US operation added $92 million in insurance revenue.
The company has made significant moves in its US expansion, which include a US treasury-listed surety acquisition and setting initial steps towards a more comprehensive expansion.
The company plans to deepen broker relationships and utilize risk underwriting expertise from Canadian operations as part of expansion strategies.
Trisura is expecting high-single-digit to low-double-digit growth as it anticipates more participation in profitable programs.
Trisura's US operation intends to add about 10 programs a year on a gross basis and is already experiencing a positive trend in program submissions.
The company anticipates reaching $500 million in consolidated equity capital, positioning it favorably in the US market.
Trisura在加拿大的业务实现了多方面的增长,前期和担保金引领增长,而美国业务增加了9200万美元的保险收入。
该公司在美国的扩张中采取了重大举措,其中包括收购美国国债上市的担保公司,以及为更全面的扩张设定初步措施。
该公司计划深化经纪人关系,并利用加拿大业务的风险承保专业知识作为扩张战略的一部分。
Trisura预计将实现高个位数至低两位数的增长,因为它预计将有更多人参与盈利项目。
Trisura在美国的业务计划每年增加约10个项目,并且项目提交量已经呈现出积极的趋势。
该公司预计合并股本将达到5亿美元,使其在美国市场处于有利地位。
More details: TRISURA GROUP LTD IR
更多详情: TRISURA 集团有限公司
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