{"id":49204,"date":"2026-07-31T23:36:00","date_gmt":"2026-07-31T21:36:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=a4e81ef5c34dc54f0e58abab2833b989"},"modified":"2026-07-31T23:36:00","modified_gmt":"2026-07-31T21:36:00","slug":"am-best-affirms-credit-ratings-of-trisura-group-ltd-subsidiaries","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=49204","title":{"rendered":"AM Best Affirms Credit Ratings of Trisura Group Ltd. Subsidiaries"},"content":{"rendered":"

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of \u201ca-\u201d (Excellent) of the operating subsidiaries of Trisura Group Ltd. (TGL) [TSX: TSU] (Toronto, Ontario, Canada). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of all companies and their ratings.)<\/p><\/a><\/a>

\nThe ratings reflect TGL\u2019s overall balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).<\/p>

\nThe rating affirmations recognize TGL\u2019s strongest level of risk-adjusted capitalization, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), which continues to support business growth across Canada and the United States. TGL continues to demonstrate strong capital growth supported by underwriting and investment profits, while maintaining strong financial flexibility through access to the capital markets. The group\u2019s financial leverage was 17.3% at the end of first quarter of 2026, which is below the company\u2019s stated long-term target of approximately 25%. Additionally, interest coverage is considered strong. Reserve development trends show favorable development on a consolidated basis, partially offset by some adverse development in the United States, albeit moderating in recent years.<\/p>

\nThe rating affirmations are supported further by stable profitability in its Canadian and U.S. operations, which continue to deliver strong underwriting performance and operating earnings. In the United States, TGL is focused on expanding its surety platform and expects stable earnings growth, supported by ongoing portfolio optimization in its U.S. program business and a disciplined approach to reserving.<\/p>

\nThe FSR of A- (Excellent) and the Long-Term ICRs of \u201ca-\u201d (Excellent) have been affirmed with stable outlooks for the following subsidiaries of Trisura Group Ltd.:<\/p>