Trisura Group Ltd (TSU) - Net Assets

Latest as of March 2026: CA$948.12 Million CAD ≈ $685.86 Million USD

Based on the latest financial reports, Trisura Group Ltd (TSU) has net assets worth CA$948.12 Million CAD (≈ $685.86 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.11 Billion ≈ $3.70 Billion USD) and total liabilities (CA$4.17 Billion ≈ $3.01 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 Trisura Group Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$948.12 Million
% of Total Assets	18.54%
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. See TSU days of operational coverage to measure how many days the company can operate on defensive assets alone.

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	--

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
Jungfraubahn Holding AG SW:JFN	$1.46 Billion
Reysas Gayrimenkul Yatirim Ortakligi AS IS:RYGYO	$1.46 Billion
Storskogen Group AB Series B ST:STOR-B	$1.46 Billion
Shanghai Zijiang Enterprise Group Co Ltd SHG:600210	$1.46 Billion
ATAI Life Sciences BV NASDAQ:ATAI	$1.45 Billion
ALPEK S.A.B. de C.V MX:ALPEKA	$1.45 Billion
Telecom Argentina SA ADR NYSE:TEO	$1.45 Billion
Kosmos Energy Ltd NYSE:KOS	$1.45 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: 2.24x
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 13.97x to 2.24x 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$42.58	x
2017-12-31	CA$5.10	CA$42.58	x
2018-12-31	CA$4.84	CA$42.58	x
2019-12-31	CA$6.57	CA$42.58	x
2020-12-31	CA$7.33	CA$42.58	x
2021-12-31	CA$8.53	CA$42.58	x
2022-12-31	CA$11.16	CA$42.58	x
2023-12-31	CA$13.10	CA$42.58	x
2024-12-31	CA$16.49	CA$42.58	x
2025-12-31	CA$19.04	CA$42.58	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

TO:TSU Canada Insurance - Specialty

Market Cap

$1.45 Billion

CA$2.01 Billion CAD

Market Cap Rank

#7500 Global

#228 in Canada

Share Price

CA$42.58

Change (1 day)

+0.14%

52-Week Range

CA$36.58 - CA$49.62

All Time High

CA$49.62