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TRRSF - Trisura Group Non-GAAP EPS of $0.45 revenue of $481.4M
Territory Resources LTD
Trisura Group press release (OTCPK:TRRSF): Q1 Non-GAAP EPS of $0.45. Revenue of $481.4M (+55.2% Y/Y). Book value per share of $8.66 increased 15.3% from March 31, 2021. Gross written premiums growth of 55.2% in Q1 2022 was supported by continued growth in Canada and strong momentum in US fronting. ROE of 18.7% compared to 16.1% in Q1 2021, exceeding our mid-teens target despite significant growth. Consolidated combined ratio is 72.0%, and consolidated loss ratio is 26.7% for Q1 2022.