• Trisura Group Ltd. reported its third quarter 2025 results on November 6, 2025, posting net income of CA$38.56 million, an increase from CA$36.09 million in the same period last year, with basic earnings per share rising to CA$0.81 from CA$0.76.

• Net insurance revenue and investment income experienced strong growth, with management citing disciplined underwriting, low combined ratios, and ongoing U.S. expansion as material drivers for the results.

• We will now assess how Trisura’s robust investment income growth influences the company’s updated investment narrative following these results.

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To be a Trisura Group shareholder means believing the company can translate disciplined underwriting, primary insurance growth, and U.S. expansion into sustainable earnings and value creation. The latest results show ongoing growth in net income and strong investment income, supporting the near-term catalyst of expanding U.S. specialty lines. The most material risk remains whether execution on recent U.S. expansion keeps pace with risk controls; the current news does not materially lessen this risk, as headline growth still relies on sound operational foundations.

Among recent announcements, the Q3 2025 earnings release is most relevant, revealing a 23.8% rise in net investment income and a 16.2% climb in primary net insurance revenue. This lends further support to Trisura’s catalyst of scaling its U.S. specialty insurance platform, confirming management’s confidence in the ability to pursue higher revenue opportunities while maintaining underwriting profitability and healthy combined ratios.

However, investors should be aware if growth in the U.S. outpaces the company’s ability to manage risk and reserve prudently…

Read the full narrative on Trisura Group (it’s free!)

Trisura Group’s outlook anticipates CA$4.0 billion in revenue and CA$208.8 million in earnings by 2028. This scenario implies an annual revenue growth rate of 8.2% and a CA$87.3 million increase in earnings from the current CA$121.5 million.

Uncover how Trisura Group’s forecasts yield a CA$54.29 fair value, a 39% upside to its current price.

Simply Wall St Community fair value estimates span from CA$54.29 to CA$87.71 based on two perspectives. While many see room for price appreciation, rapid U.S. scaling remains an essential factor shaping future outcomes and differing views.

Explore 2 other fair value estimates on Trisura Group – why the stock might be worth just CA$54.29!