Trisura Group Ltd. (OTCPK:TRRSF) Q1 2025 Earnings Convention Name Could 2, 2025 9:00 AM ET
Firm Individuals
David Clare – Chief Govt Officer
David Scotland – Chief Monetary Officer
Convention Name Individuals
Doug Younger – Desjardins
Tom MacKinnon – BMO Capital
Nik Priebe – CIBC Capital Markets
Stephen Boland – Raymond James
Jaeme Gloyn – Nationwide Financial institution Monetary
Mario Mendonca – TD Cowen
Operator
Good morning. Welcome to the Trisura Group Restricted’s First Quarter 2025 Earnings Convention Name. On the decision right this moment are David Clare, Chief Govt Officer; and David Scotland, Chief Monetary Officer. David Clare will start by offering a enterprise and strategic replace, adopted by David Scotland, who will focus on monetary outcomes for the interval. Right now, all contributors are in a listen-only mode. Following formal feedback, strains shall be open for analyst questions. [Operator Instructions]
I would prefer to remind contributors that in right this moment’s feedback, together with in responding to questions and in discussing new initiatives associated to monetary and working efficiency, forward-looking statements could also be made, together with forward-looking statements inside the that means of relevant Canadian and U.S. Securities legal guidelines. These statements replicate predictions of future occasions and traits and don’t relate to historic occasions. They’re topic to identified and unknown danger in future occasions and outcomes could differ materially from such statements. For additional info on these dangers and their potential impacts, please see Trisura’s filings with securities regulators.
Thanks. I will now flip the decision over to David Clare.
David Clare
Thanks, operator. Good morning, everybody, and welcome. We proceed to see the advantages of our focus technique in specialty insurance coverage, and we began the yr robust. Underwriting and structuring in area of interest segments drove profitability and progress in Q1. Momentum in our main strains, surety, company insurance coverage, and guarantee continued, rising 28% with specific energy in Surety, rising 38% as we increase within the U.S. and construct out our Canadian
