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Trean Insurance Group (Nasdaq: TIG) has announced a partnership with Beat Capital Partners to enter the surplus lines insurance market. Through its new subsidiary, Benchmark Specialty Insurance, Trean will offer E&S products, marking its entry into the non-admitted insurance market. Beat-backed agencies will gain access to Benchmark’s A.M. Best “A” rated insurance paper and Trean’s expertise in claims and underwriting. This collaboration aims to bolster Trean's long-term growth objectives in the U.S. insurance sector.
Trean Insurance Group, a key player in the specialty insurance market, will announce its second quarter 2022 results on August 3, 2022, after market close. A webcast and conference call to discuss these results is scheduled for the same day at 5:00 PM ET, accessible via the investor relations section of their website. Interested participants can join the call using dial-in numbers provided. A replay will also be available for one year post-call. Trean offers specialty casualty insurance through its program partners and manages various services, licensed across 49 states and DC.
Trean Insurance Group (Nasdaq: TIG) will participate in the William Blair Growth Stock Conference on June 7, 2022, at 8:40 am CT. Julie Baron, President and COO, and Nicholas Vassallo, CFO, will represent the company. Investors can access a live webcast through the investor relations section of Trean's website, with a replay available afterward.
Trean specializes in specialty casualty insurance products and services, providing underwriting through program partners and managing general agencies across 49 states and D.C.
Trean Insurance Group reported a strong first quarter of 2022, achieving a net income of $12.3 million or $0.24 per diluted share, compared to $9.4 million or $0.18 per diluted share a year earlier. The gross written premiums rose 10.0% to $161.4 million, while net earned premiums surged 56.0% to $64.2 million. The combined ratio was 89.6%, reflecting improved underwriting income. The company revised its full year 2022 outlook, forecasting net earned premium growth between $255 million and $265 million.
Trean Insurance Group (NASDAQ: TIG) will release its first quarter 2022 results on May 4, 2022, after market close. A conference call and webcast to discuss the results will begin at 5:00 p.m. EDT. Investors can access the audio webcast through the company's investor relations website. The dial-in numbers for the conference call are (877) 407-3982 (toll-free) and (201) 493-6780 (international). A replay of the webcast will be available for one year after the call.
Trean specializes in providing products and services to the specialty insurance market across 49 states and D.C.
Trean Insurance Group, Inc. (NASDAQ: TIG) has appointed Philip I. Smith as an independent director, effective immediately. With over 25 years of experience in finance and executive management, Smith currently serves as a managing director at Duff & Phelps. His addition increases the Board's size to seven members, enhancing its independent oversight. CEO Andy O'Brien expressed optimism about Smith's expertise contributing to profitable growth. Smith has a strong background in corporate finance and has been part of various medical technology firms.
Trean Insurance Group reported strong financial results for the year ended December 31, 2021, achieving $19.3 million in net income, marking its 25th consecutive profitable year. Gross written premiums surged 31% to $634.2 million, while net earned premiums increased by 83% to $198.7 million. The fourth quarter saw a 14% rise in gross written premiums to $153.3 million and a 57% growth in net earned premiums to $57.6 million. Despite a combined ratio of 100.3% in Q4, driven by high loss ratios, the company remains committed to maintaining profitable growth through strategic retention and operational enhancements.
Trean Insurance Group (NASDAQ: TIG) announces the appointment of Julie Baron as CEO, effective July 1, 2022. Andrew O'Brien, the current CEO, transitions to Executive Chairman after leading the company since its inception in 1996. Baron, who has been with Trean since 2007 and served as President and COO, expresses excitement for the new role and aims to continue the company's growth strategy through new partnerships. Trean remains a key player in the specialty insurance market, offering products and services across 49 states and D.C.
Trean Insurance Group (NASDAQ: TIG) is set to announce its fourth quarter and full year 2021 results on March 9, 2022, after market close. The results will be discussed in a conference call at 5:00 p.m. Eastern Time, accessible via the investor relations section of Trean's website. Interested participants can join by calling (877) 407-3982 or (201) 493-6780 (international) using conference ID# 13727381. A replay of the call will be available for one year. Trean specializes in specialty casualty insurance, servicing clients across 49 states and D.C.
Trean Insurance Group, Inc. (Nasdaq: TIG) announced that its subsidiary, Benchmark Specialty Insurance Company (BSIC), achieved an AM Best Financial Strength rating of “A” (Excellent) and a Long-Term Issuer Credit rating of “a” (Excellent). This recognition stems from BSIC's 100% quota share reinsurance contract with Benchmark Insurance Company, showcasing strong balance sheet strength and effective risk management. CEO Andrew M. O’Brien expressed optimism about Benchmark's growth in specialty offerings across the U.S.
