Trisura Group Ltd. (OTCPK:TRRSF) Q1 2025 Earnings Conference Call May 2, 2025 9:00 AM ET
Company Participants
David Clare – Chief Executive Officer
David Scotland – Chief Financial Officer
Conference Call Participants
Doug Young – Desjardins
Tom MacKinnon – BMO Capital
Nik Priebe – CIBC Capital Markets
Stephen Boland – Raymond James
Jaeme Gloyn – National Bank Financial
Mario Mendonca – TD Cowen
Operator
Good morning. Welcome to the Trisura Group Limited’s First Quarter 2025 Earnings Conference Call. On the call today are David Clare, Chief Executive Officer; and David Scotland, Chief Financial Officer. David Clare will begin by providing a business and strategic update, followed by David Scotland, who will discuss financial results for the period. At this time, all participants are in a listen-only mode. Following formal comments, lines will be open for analyst questions. [Operator Instructions]
I’d like to remind participants that in today’s comments, including in responding to questions and in discussing new initiatives related to financial and operating performance, forward-looking statements may be made, including forward-looking statements within the meaning of applicable Canadian and U.S. Securities laws. These statements reflect predictions of future events and trends and do not relate to historic events. They’re subject to known and unknown risk in future events and results may differ materially from such statements. For further information on these risks and their potential impacts, please see Trisura’s filings with securities regulators.
Thank you. I’ll now turn the call over to David Clare.
David Clare
Thank you, operator. Good morning, everyone, and welcome. We continue to see the benefits of our focus strategy in specialty insurance, and we started the year strong. Underwriting and structuring in niche segments drove profitability and growth in Q1. Momentum in our primary lines, surety, corporate insurance, and warranty continued, growing 28% with particular strength in Surety, growing 38% as we expand in the U.S. and build out our Canadian
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