Inactive Instrument

Trean Insurance Group, Inc.

TIG

US89457R1014

Trean Insurance Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022

March 09, 2023 at 04:39 pm EST

Trean Insurance Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported revenue was USD 89.08 million compared to USD 61.34 million a year ago. Net loss was USD 91.36 million compared to net income of USD 1.24 million a year ago. Basic loss per share from continuing operations was USD 1.78 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 1.78 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the full year, revenue was USD 303.24 million compared to USD 217.69 million a year ago. Net loss was USD 65.96 million compared to net income of USD 19.33 million a year ago. Basic loss per share from continuing operations was USD 1.29 compared to basic earnings per share from continuing operations of USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 1.29 compared to diluted earnings per share from continuing operations of USD 0.38 a year ago.

Latest news about Trean Insurance Group, Inc.

Trean Insurance Group, Inc.(NasdaqGS:TIG) dropped from S&P Global BMI Index	23-04-24	CI
Trean Insurance Group, Inc.(NasdaqGS:TIG) dropped from S&P TMI Index	23-04-24	CI
Trean Insurance Group, Inc. Announces Board Changes	23-04-21	CI
Trean Insurance Group, Inc.(NasdaqGS:TIG) dropped from NASDAQ Composite Index	23-04-21	CI
Altaris Capital Partners, LLC acquired Trean Insurance Group, Inc. from a group of shareholders for approximately $150 million.	23-04-20	CI
Trean Insurance Group's Stockholders Approve Proposed Merger With Altaris-Managed Funds	23-04-18	MT
Trean Insurance Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022	23-03-09	CI
Trean Insurance Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022	23-03-09	CI
Earnings Flash (TIG) TREAN INSURANCE GROUP Posts Q4 Revenue $89.1M	23-03-09	MT
Trean Insurance Group, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2022	23-03-09	CI
North American Morning Briefing : More Earnings, -3-	23-01-18	DJ
JMP Securities Downgrades Trean Insurance Group to Market Perform From Market Outperform	23-01-17	MT
Sector Update: Financial Stocks Post Small Advance Pre-Bell Monday	22-12-19	MT
Top Midday Gainers	22-12-16	MT
Trean Insurance to be Acquired by Altaris Affiliates in Take-Private Deal; Shares Surge Pre-Bell	22-12-16	MT
Funds managed by Altaris Capital Partners, LLC entered into a definitive merger agreement to acquire Trean Insurance Group, Inc. from a group of shareholders for approximately $170 million.	22-12-15	CI
JPMorgan Chase Adjusts Price Target on Trean Insurance Group to $5.50 From $6, Maintains Neutral Rating	22-11-03	MT
Transcript : Trean Insurance Group, Inc., Q3 2022 Earnings Call, Nov 02, 2022	22-11-02
Earnings Flash (TIG) TREAN INSURANCE GROUP Reports Q3 Revenue $76.5M	22-11-02	MT
Earnings Flash (TIG) TREAN INSURANCE GROUP Reports Q3 EPS $0.11	22-11-02	MT
Trean Insurance Group, Inc. Provides Earnings Guidance for the Full Year 2022	22-11-02	CI
Trean Insurance Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-02	CI
Trean Insurance Group Completes Private Offering of $50 Million in Surplus Notes	22-08-25	MT
Trean Insurance Group Increases Surplus with $50 Million Surplus Notes Offering	22-08-24	CI
Transcript : Trean Insurance Group, Inc., Q2 2022 Earnings Call, Aug 03, 2022	22-08-03

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Company Profile

Trean Insurance Group, Inc. is an insurance holding company. The Company provides products and services to the specialty insurance market. The Company underwrites specialty casualty insurance products both through its Program Partners and also through its managing general agencies (Owned MGAs). The Company also provides its Program Partners with a variety of services, including issuing carrier services, claims administration and reinsurance brokerage. The Company and its subsidiaries are licensed to write business across approximately 49 states and the District of Columbia. It targets a diversified portfolio of small to medium programs. The Company's wholly owned subsidiaries include Benchmark Holding Company, Compstar Insurance Services LLC and Trean Corporation (Trean Corp). Benchmark Holding Company is a property and casualty insurance holding company. Trean Corporation is a reinsurance intermediary manager and a managing general agent.

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Property & Casualty Insurance

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