Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Trisura Group Ltd. is a publicly traded specialty insurance holding company focused on providing niche insurance products and risk solutions in the property and casualty insurance industry. The company operates primarily through its regulated insurance subsidiaries, offering customized coverage solutions that are typically underserved by large, standardized insurers. Trisura’s core revenue is generated from underwriting income and investment income associated with its specialty insurance operations.
The company’s primary business lines include surety, risk solutions, and specialty commercial insurance products serving brokers, managing general agents, and select institutional clients. Trisura positions itself as a disciplined underwriter with a focus on complex or non-standard risks, emphasizing long-term profitability and capital efficiency. Founded in 2006, Trisura initially operated as a niche surety provider in Canada and has since expanded into the United States, evolving into a North American specialty insurer through organic growth and strategic capital investments.
Business Operations
Trisura conducts its operations through two main operating subsidiaries: Trisura Insurance Company in Canada and Trisura Specialty Insurance Company in the United States. The company reports its business across Canadian and U.S. specialty insurance operations, generating revenue primarily from earned premiums, underwriting profits, and investment returns on its insurance float. Its product offerings include surety bonds, commercial property and casualty insurance, warranty products, and structured risk solutions.
The company operates domestically in Canada and internationally through its United States platform, which has become an increasingly significant contributor to premium growth. Trisura controls underwriting, risk management, and investment decision-making internally, while distributing products through independent brokers and managing general agents. Its U.S. expansion has been supported by reinsurance relationships and strategic capacity partnerships, enabling scalable growth while maintaining underwriting discipline.
Strategic Position & Investments
Trisura’s strategic direction centers on expanding its specialty insurance platforms in the U.S. market while maintaining strong profitability in Canada. Growth initiatives include expanding delegated authority programs, broadening specialty product offerings, and selectively increasing underwriting capacity in high-return niches. The company has emphasized conservative reserving practices and capital management as core elements of its strategy.
Major investments include capital infusions to support the growth of Trisura Specialty Insurance Company, as well as investments in technology and underwriting analytics to enhance risk selection and operational efficiency. Trisura does not operate as a diversified investment conglomerate; rather, it maintains a focused portfolio aligned with specialty insurance underwriting and related investment assets held on its balance sheet.
Geographic Footprint
Trisura is headquartered in Toronto, Ontario, Canada, and maintains a significant operational presence across Canada and the United States. Its Canadian operations serve clients nationwide, while its U.S. platform operates across multiple states through licensed insurance entities and distribution partners.
The company’s international footprint is concentrated in North America, with the United States representing its primary growth market outside Canada. Trisura’s influence beyond North America is indirect, primarily through reinsurance relationships and investment exposure rather than direct underwriting operations.
Leadership & Governance
Trisura is led by a management team with deep experience in specialty insurance, underwriting, and capital markets. The leadership emphasizes disciplined risk management, long-term value creation, and conservative financial stewardship as central components of its governance philosophy.
Key executives include:
- Mike George – President & Chief Executive Officer
- David Clare – Chief Financial Officer
- Chris Sekine – Chief Risk Officer
- Mark McElroy – President, Trisura Specialty Insurance Company
- Paul Milne – Chief Operating Officer
The company is governed by an independent board of directors with expertise in insurance, finance, and corporate governance, aligning executive compensation and strategic objectives with shareholder interests.