Trisura Group Ltd. (TSU.TO)
Toronto, ON, CA
Trisura Group Ltd. operates as a specialized insurance enterprise, actively engaged in surety, risk management solutions, corporate coverage, and reinsurance across Canada, the United States, and international markets. Within its surety division, Trisura provides a wide array of bonding products. This includes contract surety bonds—such as performance, and labor and material payment bonds—primarily serving the construction industry. The company also issues commercial surety bonds for purposes like licenses, permits, tax and excise duties, and fiduciary obligations, which are typically required by governmental or regulatory bodies and courts to ensure adherence to legal or fiduciary responsibilities. Additionally, it offers developer surety bonds, designed to secure real estate developers' statutory deposit and warranty commitments for residential projects. For its risk solutions segment, Trisura delivers warranty programs to a diverse client base, encompassing program administrators, managing general agents, captive insurance companies, affinity groups, and reinsurers. Its corporate insurance portfolio features directors' and officers' (D&O) insurance for public, private, and non-profit organizations, along with errors and omissions (E&O) liability coverage for businesses and professionals. The company also supplies comprehensive business office package insurance and fidelity insurance, tailored for commercial entities and financial institutions. Trisura Group Ltd. was established in 2017 and is based in Toronto, Canada.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.63% | -5.87% | -9.29% | -16.00% | +7.06% | -2.43% | +9.97% | +15.97% | +14.71% | +527.95% | +527.95% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 5 | -1 |
| Buy | 3 | 0 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Insurance - Specialty: +11.0%+11.4% ★ Q1'26: +302.4% (vs Q1'25)
-
EPS growth Insurance - Specialty: +18.3%+19.6% ★ Q1'26: +26.2% (vs Q1'25)
-
FCF margin FCF growth · Insurance - Specialty: +39.7%+52.9% ★ Q1'26: +2.4% (vs Q1'25)
-
EBIT margin Insurance - Specialty: +18.3%+22.4% ★ Q1'26: +6.2% (vs Q1'25)
-
ROIC Insurance - Specialty: +10.3%— Q1'26: +17.0% (vs Q1'25)
-
Share dilution Insurance - Specialty: +0.5%+2.0% Q1'26: +1.7% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Insurance - Specialty: 0.25×0.79× ★ Q1'26: 1.08× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 7 EPS Ana. |
Dec 2027 3 Rev. Ana. 7 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
103.28M
est: 130.80M (-21.0%)
|
137.53M
est: 422.62M (-67.5%)
|
226.63M
est: 850.18M (-73.3%)
|
349.88M
est: 1.50B (-76.7%)
|
520.77M
est: 2.41B (-78.4%)
|
711.34M
est: 3.07B (-76.8%)
|
778.83M
est: 3.19B (-75.6%)
|
867.95M
est: 3.22B (-73.0%)
|
3.48B
3.45B – 3.51B
+8.0% YoY
|
3.80B
3.71B – 3.89B
+9.4% YoY
|
| EBITDA |
15.58M
est: 22.69M (-31.3%)
|
15.06M
est: 73.31M (-79.5%)
|
43.22M
est: 147.47M (-70.7%)
|
86.01M
est: 260.44M (-67.0%)
|
46.01M
est: 417.55M (-89.0%)
|
94.49M
est: 813.41M (-88.4%)
|
163.19M
est: 844.83M (-80.7%)
|
198.19M
est: 852.59M (-76.8%)
|
921.18M
913.28M – 929.08M
+8.0% YoY
|
1.01B
983.72M – 1.03B
+9.4% YoY
|
| EBIT |
14.03M
est: 21.80M (-35.6%)
|
12.56M
est: 70.44M (-82.2%)
|
40.60M
est: 141.69M (-71.4%)
|
82.08M
est: 250.24M (-67.2%)
|
42.39M
est: 401.20M (-89.4%)
|
92.83M
est: 826.50M (-88.8%)
|
161.76M
est: 858.42M (-81.2%)
|
194.30M
est: 866.31M (-77.6%)
|
936.01M
927.98M – 944.03M
+8.0% YoY
|
1.02B
999.55M – 1.05B
+9.4% YoY
|
| Net Income |
8.64M
est: 14.05M (-38.5%)
|
5.09M
est: 6.84M (-25.6%)
|
32.44M
est: 35.01M (-7.3%)
|
62.56M
est: 76.66M (-18.4%)
|
27.80M
est: 89.68M (-69.0%)
|
66.94M
est: 91.95M (-27.2%)
|
118.92M
est: 129.49M (-8.2%)
|
142.25M
est: 136.29M (+4.4%)
|
157.10M
150.60M – 161.26M
+15.3% YoY
|
179.74M
168.83M – 190.30M
+14.4% YoY
|
| SGA |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
— – —
|
—
— – —
|
| EPS |
0.33
est: 0.30 (+11.9%)
|
0.18
est: 0.14 (+25.2%)
|
0.83
est: 0.74 (+12.9%)
|
1.52
est: 1.61 (-5.6%)
|
0.64
est: 1.88 (-66.0%)
|
1.44
est: 1.89 (-23.9%)
|
2.50
est: 2.67 (-6.3%)
|
2.98
est: 2.81 (+6.0%)
|
3.19
3.10 – 3.32
+13.5% YoY
|
3.68
3.48 – 3.92
+15.2% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-08 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-07 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-06 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-05 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-04 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-01 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-30 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-29 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-28 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-27 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-24 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-23 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-22 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-21 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-20 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-17 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-16 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares S&P/TSX SmallCap Index ETF XCS.TO | 0.68% | 1.16M | 0.60% |
| 2 | iShares S&P/TSX Completion Index ETF XMD.TO | 0.21% | 1.17M | 0.60% |
| 3 | Fidelity Canadian High Quality ETF FCCQ.TO | 0.16% | 1.09M | 0.39% |
| 4 | State Street SPDR S&P International Small Cap ETF GWX | 0.12% | 1.06M | 0.40% |
| 5 | iShares S&P/TSX Capped Financials Index ETF XFN.TO | 0.11% | 1.86M | 0.61% |
| 6 | iShares ESG Advanced MSCI Canada Index ETF XCSR.TO | 0.08% | 289.6K | 0.17% |
| 7 | Schwab International Small-Cap Equity ETF SCHC | 0.06% | 3.07M | 0.06% |
| 8 | Avantis International Small Cap Equity ETF AVDS | 0.05% | 154.7K | 0.30% |
| 9 | Dimensional - International Small Cap ETF DFIS | 0.05% | 2.63M | 0.39% |
| 10 | BMO S&P/TSX Capped Composite Index ETF ZCN.TO | 0.04% | 5.07M | 0.06% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| David James Clare | President, Chief Executive Officer & Director | 1M | male |
| Richard William Grant | Chief Underwriting Officer | 803.3K | male |
| Michael Baird Beasley | President of Trisura US Programs | 786.1K | male |
| David Charles Scotland | Chief Financial Officer | 714.3K | male |
| Alison Kenworthy | Chief Financial Officer of Trisura | 652.4K | — |
| Eileen Marie Sweeney | Executive Vice President & Chief Operating Officer of Trisura US Programs | 488.6K | female |
| Phillip Shirtliff | Chief Risk Officer | 472.4K | — |
| James Gabriel Doyle | Chief Risk Officer | 472.4K | male |
| Tom Ciano | Chief Underwriting Officer of US Corporation Insurance | — | — |
| George Robert James | Chief Underwriting Officer of U.S. Surety | — | male |
| Joanna Grossman | General Counsel & Corporate Secretary | — | — |
| Terry Michalakos | Senior Vice President of North American Surety | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for TSU.TO
Short-term intention
Target Price Distribution
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