Complete financial analysis of Trean Insurance Group, Inc. (TIG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Trean Insurance Group, Inc., a leading company in the Insurance – Specialty industry within the Financial Services sector.
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Trean Insurance Group, Inc. (TIG)
About Trean Insurance Group, Inc.
Trean Insurance Group, Inc. underwrites specialty casualty insurance products in the United States. The company underwrites business, predominantly workers' compensation, accident and health, and medical professional liability products. It also offers a variety of services, including issuing carrier, claims administration, and reinsurance brokerage services. The company offers its products through program partners and managing general agents. Trean Insurance Group, Inc. was founded in 1996 and is based in Wayzata, Minnesota.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 12.02M | 219.92M | 132.26M | 102.52M | 78.50M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 12.02M | 219.92M | 132.26M | 102.52M | 78.50M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 52.81M | 50.22M | 39.17M | 21.01M | 15.71M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | -27.00K |
| SG&A | 52.81M | 50.22M | 39.17M | 21.01M | 15.68M |
| Other Expenses | 294.04M | -245.36M | -85.94M | -85.16M | -16.32M |
| Operating Expenses | 380.25M | -195.14M | -46.77M | -64.16M | -639.00K |
| Cost & Expenses | 380.15M | 195.14M | 37.00M | 67.71M | 52.35M |
| Interest Income | 192.00K | 4.00K | 25.00K | 127.00K | 90.00K |
| Interest Expense | 3.27M | 1.69M | 1.92M | 2.17M | 1.56M |
| Depreciation & Amortization | 6.00M | 5.83M | 2.57M | 876.00K | 497.00K |
| EBITDA | -54.79M | 30.61M | 88.06M | 39.24M | 27.12M |
| EBITDA Ratio | -455.70% | 13.92% | 66.58% | 38.27% | 34.55% |
| Operating Income | -60.79M | 24.78M | 85.49M | 38.36M | 26.63M |
| Operating Income Ratio | -505.58% | 11.27% | 64.64% | 37.42% | 33.92% |
| Total Other Income/Expenses | -4.09M | 0.00 | 9.77M | -46.71M | -475.00K |
| Income Before Tax | -64.88M | 24.78M | 95.26M | 34.80M | 26.15M |
| Income Before Tax Ratio | -539.60% | 11.27% | 72.03% | 33.95% | 33.31% |
| Income Tax Expense | 1.07M | 5.45M | 6.83M | 7.07M | 5.55M |
| Net Income | -65.96M | 19.33M | 90.77M | 31.29M | 19.52M |
| Net Income Ratio | -548.53% | 8.79% | 68.63% | 30.52% | 24.87% |
| EPS | -1.29 | 0.38 | 2.02 | 0.75 | 0.38 |
| EPS Diluted | -1.29 | 0.38 | 2.02 | 0.75 | 0.38 |
| Weighted Avg Shares Out | 51.20M | 51.16M | 43.74M | 37.39M | 51.14M |
| Weighted Avg Shares Out (Dil) | 51.20M | 51.17M | 43.74M | 37.39M | 51.14M |
AM Best Withdraws Issuer Credit Rating of Trean Insurance Group, Inc.
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) of Trean Insurance Group, Inc (Trean). The outlook of the Credit Rating is stable. Concurrently, AM Best has withdrawn the public Long-Term ICR...
Altaris Completes Acquisition of Trean Insurance Group
WAYZATA, Minn. and NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (“Trean” or the “Company”), a leading provider of products and services to the specialty insurance market, today announced the completion of the acquisition of the...
Trean Insurance Group Receives Stockholder Approval of Proposed Merger
WAYZATA, Minn. and NEW YORK, April 18, 2023 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (Nasdaq: TIG) (“Trean” or the “Company”), a leading provider of products and services to the specialty insurance market, announced that at the Special Meeting of...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation into the Fairness of the Acquisition of Trean Insurance Group, Inc. by Altaris, LLC
NEW YORK , March 30, 2023 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Trean Insurance Group, Inc. (" Trean" or the "Company") (NASDAQ: TIG) stock prior to December 14,...
TREAN SPECIAL ALERT: Julie & Holleman Investigates Potential Legal Claims Related to Proposed Controller Buyout of Trean Insurance Group, Inc.
NEW YORK , March 17, 2023 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman is investigating the proposed going-private acquisition of Trean Insurance Group, Inc. (Nasdaq: TIG) by Altaris, LLC, the company's controlling shareholder. Altaris seeks to buy Trean...
Trean Insurance Group Reports Fourth Quarter and Full Year 2022 Results
WAYZATA, Minn., March 09, 2023 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (Nasdaq: TIG) (“Trean” or the “Company”), a leading provider of products and services to the specialty insurance market, today reported results for the fourth quarter and full year...
TIG SPECIAL ALERT: Julie & Holleman Investigates Potential Legal Claims Related to Take-Private Acquisition of Trean Insurance Group, Inc.
NEW YORK , Feb. 14, 2023 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman is investigating the proposed going-private acquisition of Trean Insurance Group, Inc. (Nasdaq: TIG) by Altaris, LLC, the company's controlling shareholder. Altaris already owns nearly half...
SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Trean Insurance Group, Inc. (TIG) Privatization and Encourages TIG Shareholders to Contact the Firm
PHILADELPHIA , Feb. 6, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Trean Insurance Group, Inc. (Nasdaq: TIG) ("Trean") on behalf of the company's shareholders. On December 16, 2022, Trean announced that it would be acquired by...
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TREAN INVESTIGATION ALERT: Kaskela Law LLC Announces Investigation of Trean Insurance Group, Inc. (TIG) Proposed Privatization and Encourages TIG Shareholders to Contact the Firm
PHILADELPHIA , Jan. 17, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Trean Insurance Group, Inc. (Nasdaq: TIG) ("Trean") on behalf of the company's investors. On December 16, 2022, Trean announced that it would be acquired by affiliates...
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