Trisura Group Ltd. (OTCPK:TRRSF) Q4 2023 Results Conference Call February 9, 2024 9:00 AM ET

Company Participants

David Clare – CEO

David Scotland – CFO

Conference Call Participants

Nik Priebe – CIBC Capital Markets

Jeff Fenwick – Cormark Securities

Tom MacKinnon – BMO Capital

Jaeme Gloyn – National Bank Financial

Operator

Good morning. Welcome to Trisura Group Ltd.’s Fourth Quarter and Annual 2023 Earnings Conference Call. On the call today are David Clare, Chief Executive Officer; and David Scotland, Chief Financial Officer. David Clare will begin by providing a business and strategic update, followed by David Scotland, who will discuss financial results for the period.

[Operator Instructions] comments, including in responding to questions and in discussing new initiatives related to financial and operating performance. Forward-looking statements may be made including forward-looking statements within the meaning of applicable Canadian and U.S. securities laws. These statements reflect predictions of future events and trends and do not relate to historic events. They’re subject to known and unknown risks and future events and results may differ materially from such statements. For further information on these risks and their potential impacts, please see Trisura’s filings with securities regulators. [Operator Instructions]. Please be advised that today’s conference is being recorded.

Thank you. I’ll now turn the call over to David Clare.

David Clare

Thank you, operator. Good morning, everyone, and welcome. 2023 operational results gave us a lot to be excited about. Although there is a focus on reinsurance and the U.S. runoff through the year, we continued to show growth, profitable underwriting and an increase in investment income. This drove enhanced operating earnings, particularly from predictable sources. We continue to make meaningful progress towards our goal of being a North American specialty insurer of scale and reiterate our target of growing to $1 billion in equity value by the end of 2027.

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