Trisura Group Ltd (TSU) - Net Assets
Based on the latest financial reports, Trisura Group Ltd (TSU) has net assets worth CA$924.67 Million CAD (≈ $668.89 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.01 Billion ≈ $3.62 Billion USD) and total liabilities (CA$4.08 Billion ≈ $2.95 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TSU asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$924.67 Million |
| % of Total Assets | 18.47% |
| Annual Growth Rate | 33.03% |
| 5-Year Change | 157.72% |
| 10-Year Change | N/A |
| Growth Volatility | 18.48 |
Trisura Group Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Trisura Group Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Trisura Group Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Trisura Group Ltd (2016–2025)
The table below shows the annual net assets of Trisura Group Ltd from 2016 to 2025. For live valuation and market cap data, see Trisura Group Ltd (TSU) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$924.67 Million ≈ $668.89 Million |
+17.75% |
| 2024-12-31 | CA$785.27 Million ≈ $568.05 Million |
+26.77% |
| 2023-12-31 | CA$619.43 Million ≈ $448.09 Million |
+28.17% |
| 2022-12-31 | CA$483.29 Million ≈ $349.61 Million |
+34.70% |
| 2021-12-31 | CA$358.79 Million ≈ $259.54 Million |
+23.78% |
| 2020-12-31 | CA$289.86 Million ≈ $209.68 Million |
+52.30% |
| 2019-12-31 | CA$190.33 Million ≈ $137.68 Million |
+46.46% |
| 2018-12-31 | CA$129.95 Million ≈ $94.01 Million |
+6.95% |
| 2017-12-31 | CA$121.50 Million ≈ $87.89 Million |
+71.40% |
| 2016-12-31 | CA$70.89 Million ≈ $51.28 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Trisura Group Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 589.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$404.74 Million | 43.77% |
| Common Stock | CA$472.13 Million | 51.06% |
| Other Comprehensive Income | CA$33.82 Million | 3.66% |
| Other Components | CA$13.98 Million | 1.51% |
| Total Equity | CA$924.67 Million | 100.00% |
Trisura Group Ltd Competitors by Market Cap
The table below lists competitors of Trisura Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Matrix
TA:MTRX
|
$1.54 Billion |
|
Wetown Electric Group Co Ltd
SHG:688226
|
$1.54 Billion |
|
Vietnam Export Import Commercial Joint Stock Bank
VN:EIB
|
$1.54 Billion |
|
Supreme Petrochem Limited
NSE:SPLPETRO
|
$1.54 Billion |
|
Orizon Valorização de Resíduos S.A
SA:ORVR3
|
$1.54 Billion |
|
Savaria Corporation
TO:SIS
|
$1.54 Billion |
|
Ruentex Engineering & Construction Co Ltd
TW:2597
|
$1.54 Billion |
|
Darbond Technology Co. Ltd. A
SHG:688035
|
$1.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trisura Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 785,266,000 to 924,666,000, a change of 139,400,000 (17.8%).
- Net income of 142,246,000 contributed positively to equity growth.
- Share repurchases of 7,782,000 reduced equity.
- New share issuances of 813,000 increased equity.
- Other comprehensive income increased equity by 2,637,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$142.25 Million | +15.38% |
| Share Repurchases | CA$7.78 Million | -0.84% |
| Share Issuances | CA$813.00K | +0.09% |
| Other Comprehensive Income | CA$2.64 Million | +0.29% |
| Other Changes | CA$1.49 Million | +0.16% |
| Total Change | CA$- | 17.75% |
Book Value vs Market Value Analysis
This analysis compares Trisura Group Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.36x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.72x to 2.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CA$3.05 | CA$44.87 | x |
| 2017-12-31 | CA$5.10 | CA$44.87 | x |
| 2018-12-31 | CA$4.84 | CA$44.87 | x |
| 2019-12-31 | CA$6.57 | CA$44.87 | x |
| 2020-12-31 | CA$7.33 | CA$44.87 | x |
| 2021-12-31 | CA$8.53 | CA$44.87 | x |
| 2022-12-31 | CA$11.16 | CA$44.87 | x |
| 2023-12-31 | CA$13.10 | CA$44.87 | x |
| 2024-12-31 | CA$16.49 | CA$44.87 | x |
| 2025-12-31 | CA$19.04 | CA$44.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trisura Group Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.39%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 5.42x
- Recent ROE (15.38%) is above the historical average (8.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.17% | 3.08% | 0.23x | 5.92x | CA$-4.14 Million |
| 2017 | -0.28% | -0.35% | 0.20x | 4.02x | CA$-12.49 Million |
| 2018 | 6.65% | 8.36% | 0.17x | 4.62x | CA$-4.36 Million |
| 2019 | 2.68% | 3.70% | 0.14x | 5.14x | CA$-13.94 Million |
| 2020 | 11.19% | 14.31% | 0.13x | 5.89x | CA$3.46 Million |
| 2021 | 17.44% | 17.88% | 0.12x | 8.36x | CA$26.68 Million |
| 2022 | 5.63% | 5.34% | 0.12x | 8.68x | CA$-21.57 Million |
| 2023 | 10.81% | 9.41% | 0.20x | 5.79x | CA$5.00 Million |
| 2024 | 15.14% | 15.27% | 0.17x | 5.85x | CA$40.39 Million |
| 2025 | 15.38% | 16.39% | 0.17x | 5.42x | CA$49.78 Million |
Industry Comparison
This section compares Trisura Group Ltd's net assets metrics with peer companies in the Insurance - Specialty industry.
No peer company data available for comparison.
About Trisura Group Ltd
Trisura Group Ltd., a specialty insurance company, operates in the surety, warranty, corporate insurance, and program and fronting businesses in Canada and the United States. The company operates in two segments: Trisura Specialty and Trisura US Programs. It offers contract surety bonds, such as performance and labour and material payment bonds for construction industry; commercial surety bonds, … Read more