Trisura Group reports earnings boost
In its insurance operations, Trisura reported net insurance revenue of CA$172.7 million, a 12.8% increase from the same quarter last year, mainly driven by growth in primary lines. Underwriting income was CA$29.9 million, up 1.7% from a year earlier, due to business expansion and foreign exchange fluctuations, though partly offset by a higher combined ratio. The higher loss ratio at Trisura Specialty was balanced by a shift in business mix, resulting in a higher expense ratio but a lower loss ratio.
