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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 |
Trean Insurance Group to Report Second Quarter 2021 Results on Wednesday, August 11, 2021
WAYZATA, Minn., July 28, 2021 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (Nasdaq: TIG), a leading provider of products and services to the specialty insurance market, announced today that it will release its second quarter 2021 results after the market...
Trean Insurance Group Promotes Julie Baron to President and Chief Operating Officer and Nicholas Vassallo to Chief Financial Officer
WAYZATA, Minn., June 14, 2021 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (Nasdaq: TIG), a leading provider of products and services to the specialty insurance market, announced today that it is promoting Chief Financial Officer Julie Baron to the new...
Trean Insurance Group to Participate in the William Blair Growth Stock Conference
WAYZATA, Minn., May 25, 2021 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (Nasdaq: TIG), a leading provider of products and services to the specialty insurance market, announced today Andrew O'Brien, President and Chief Executive Officer, will participate in a fireside...
Trean Insurance Group Prices Secondary Offering of Common Stock
WAYZATA, Minn., May 19, 2021 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (Nasdaq:TIG) (“Trean”) today announced the pricing of a secondary offering of 5,000,000 shares of Trean common stock at a price of $14.00 per share. The offering is expected...
Trean Insurance Group Announces Secondary Offering of Common Stock
WAYZATA, Minn., May 17, 2021 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (Nasdaq:TIG) (“Trean”) today announced that the selling stockholders named in the preliminary prospectus are offering to sell 5 million shares of Trean common stock in an underwritten offering,...
Trean Insurance Group, Inc. (TIG) CEO Andrew O'Brien on Q1 2021 Results - Earnings Call Transcript
Trean Insurance Group, Inc. (TIG) CEO Andrew O'Brien on Q1 2021 Results - Earnings Call Transcript
Trean Insurance Group Reports First Quarter 2021 Results
- 36% Year-over-Year Growth in First Quarter 2021 Gross Written Premiums to $146.7 Million -
Trean Insurance Group to Report First Quarter 2021 Results on Wednesday, May 12, 2021
WAYZATA, Minn., April 28, 2021 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (Nasdaq: TIG), a leading provider of products and services to the specialty insurance market, announced today that it will release its first quarter 2021 results after the market...
AM Best Assigns Credit Ratings to 7710 Insurance Company, a New Member of Benchmark Insurance Group
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Ratings of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to 7710 Insurance Company (7710) (Summerton, SC). The outlook assigned to the Credit Ratings (ratings) is stable. 7110 is...
AM Best Assigns Credit Ratings to 7710 Insurance Company, a New Member of Benchmark Insurance Group
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Ratings of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to 7710 Insurance Company (7710) (Summerton, SC). The outlook assigned to the Credit Ratings (ratings) is stable. 7110 is...
Source: https://incomestatements.info
Category: Stock Reports