Trisura Group (TSU) 2025 Scotiabank Financials Summit summary

Business overview and differentiation

• Focuses on specialty commercial risks, avoiding personal auto, home, and life insurance lines.

• Targets combined ratios around 85% and higher-than-industry ROEs.

• Differentiated by niche focus and growth potential due to current scale.

• Track record built exclusively in specialty lines, with a strong Canadian presence.

Recent developments and growth initiatives

• Launched a U.S. surety business, now contributing over 40% of surety premiums.

• Acquired a key U.S. license and balance sheet, accelerating U.S. growth.

• Recently launched U.S. corporate insurance, aiming to replicate surety expansion success.

• Specialty platform (surety, corporate insurance, warranty) is the most profitable and fastest-growing segment.

Strategic priorities and execution milestones

• Scaling U.S. surety practice by obtaining licenses in major states.

• Expanding Canadian surety into larger market segments.

• Anchoring growth on 10–15% revenue increases and ROEs above 15%.

• Investing in infrastructure to support long-term specialty platform growth.