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Trisura Group Second-Quarter Operating Earnings Jump 10%

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Trisura Group (TSU.TO) on Thursday said its second-quarter operating earnings jumped 10% to C$0.76 per share, from C$0.69 per share, in the prior-year period.

The result met the consensus analyst expectation of C$0.76 per share, according to FactSet. Operating earnings was boosted by strong underwriting and strong net investment income, the specialty insurer said in a statement.

Gross premiums written fell 3.4% year over year to C$870.3 million, while underwriting income advanced 6.6% to C$30 million, the insurer added.

Trisura's combined operating ratio improved to 84.9% from 85.6% in the prior year period, reflecting "continued strong underlying performance" across the portfolio.

Trisura shares closed down C$0.28, to C$42.06, on the Toronto Stock Exchange,

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