TIG - Trean Insurance Group Begins U.S. IPO Effort
Quick Take
Trean Insurance Group (TIG) has filed to raise $100 million in an IPO of its common stock, according to an S-1 registration statement.
The firm provides insurance coverage services to specialty casualty lines within the U.S.
TIG has produced increasing topline revenue and operating profit, but other ratios have fared less impressively.
I’ll provide an update when we learn more about the IPO from management.
Company & Technology
Wayzata, Minnesota-based Trean was founded to offer specialty casualty insurance coverage to small and mid-sized businesses, primarily workers' compensation insurance.Workers' comp provided 82.8%