Canada's Trisura Q2 adjusted EPS rises but slightly misses estimates

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell".
• The average consensus recommendation for the property & casualty insurance peer group is "buy".
• Wall Street's median 12-month price target for Trisura Group Ltd. is C$59.00, about 39.3% above its August 5 closing price of C$42.34.
• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago.

• PRIMARY LINES GROWTH - Net insurance revenue rose 6.6% in primary lines.
• DISCIPLINED UNDERWRITING - Underwriting income increased, supported by net insurance revenue growth and a strong combined ratio.
• INVESTMENT INCOME - Net investment income rose 18.1% in the quarter, fueled by ongoing cash contributions to the investment portfolio.

Company expects to have sufficient capital to exceed regulatory and internal capital targets.

Trisura says its strengthened balance sheet provides flexibility and capacity for continued growth.

The company also expanded U.S. Surety licenses to 48 states, including California.