Trisura Group Ltd. · TSX:TSU
Trisura — Investor Presentation (June 2026)
16 slides from Trisura's investor presentation, June 2026
Slide 1: A Trusted Leader in Specialty Insurance
A Trusted Leader in Specialty Insurance June 2026
Slide 2: Consistent Delivery of Industry-Leading Book Value Growth
Consistent Delivery of Industry-Leading Book Value Growth1 Diversified Experienced Industry Demonstrable Strong Prudent Specialty Management Leading Track Record Capital Risk Platform Profitability of Building Position Management Businesses 33% 26% 82% ~50% ~25+ 4-Year Avg. Loss Ratio1 33% 5-Year Bo
Slide 3: Dedicated Specialty Focus Resilient Through the Cycle and Supported by Structural Tailwinds
Dedicated Specialty Focus Resilient Through the Cycle and Supported by Structural Tailwinds Trisura is a leader in Surety, Corporate Insurance, Warranty, Fronting and Program markets. Founded within Brookfield Asset Management in 2006, Trisura has a 20-year track record of industry-leading operating
Slide 4: Niche Underwriting and Structuring Expertise in Specialty Lines Drives Industry-Leading Results
Niche Underwriting and Structuring Expertise in Specialty Lines Drives Industry-Leading Results Trisura is a pure-play specialty insurer, with a focus on niche commercial products and services. These specialty lines are difficult to underwrite, complex to structure and require deep experience. Diffi
Slide 5: Expert Leaders in Specialty Insurance
Expert Leaders in Specialty Insurance Our Mission: Be the North American specialty insurer of choice, with a diversified platform delivering consistent growth and profitability. Strategic Focus Prudent Capital 1 Disciplined Growth 2 Consistent Profitability 3 Management Scale Surety, Corporate Selec
Slide 6: Primary Lines are the Fastest Growing and Highest Margin
Primary Lines are the Fastest Growing and Highest Margin Primary lines include Surety, Corporate Insurance and Warranty, comprising about two-thirds of Trisura’s net premiums. With a notably higher underwriting margin profile, these lines of business are the most meaningful contributors to our profi
Slide 7: Fronting and Programs Provide Resilient, Fee-based Earnings
Fronting and Programs Provide Resilient, Fee-based Earnings with Differentiated Attachment to the Insurance Cycle Canadian Fronting and US Programs comprise about one-third of Trisura’s net premiums. These lines are less sensitive to claims volatility while also providing diversification across mark
Slide 8: Demonstrable Track Record of Profitably Growing Specialty Businesses
Demonstrable Track Record of Profitably Growing Specialty Businesses Since inception Trisura has built specialty insurance businesses organically with a deliberate focus on profitability and risk management as platforms scale. 2006 2017 2018 2019 2020 2021 2022 2023 2024 2025 NPW1 Canadian Primary L
Slide 9: Investment Portfolio is Built on Quality, Designed to Generate Growing and Durable Income
Investment Portfolio is Built on Quality, Designed to Generate Growing and Durable Income Our $2.1 billion investment portfolio includes cash, short-term securities, government and corporate bonds, preferred shares, common shares and alternative investments. ~96% of fixed income holdings are highly
Slide 10: Well-Capitalized to Continue Supporting Growth
Well-Capitalized to Continue Supporting Growth Conservative Positioning $948M 85% A/A- Rating9 Equity capital, +32% Fixed-income and cash in DBRS / Fitch A / A- CAGR since 2019 investment portfolio AM Best A- Flexible Posture 17.3% $117M 19% Debt-to-capital ratio1 Excess debt Avg. 5-year is below 25
Slide 11: Capital Allocation Prioritizing Attractive Organic Growth Opportunities
Capital Allocation Prioritizing Attractive Organic Growth Opportunities 1 2 3 Support Organic Return of Capital to Strategic M&A Growth Shareholders • US expansions of Surety • Book roll overs • Normal course issue bid and Corporate Insurance • Team acquisitions intended to offset dilution • Larger-
Slide 12: Appendix
Appendix 12
Slide 13: Specialty Lines have Demonstrated Attractive Profitability and Growth
Specialty Lines have Demonstrated Attractive Profitability and Growth The specialty market offers unique advantages over standard insurance, with greater pricing flexibility, access to emerging risks and a long track record of superior profitability. North American Specialty Market Overview • Commer
Slide 14: Management and Board Consisting of Insurance and Financial Services Executives
Management and Board Consisting of Insurance and Financial Services Executives with Significant, Diverse Experience Across North America Board of Directors President and CEO, Windermere Investment Corporation; former CEO, Partners Value Investments LP (TSX-V: PVF-U) George Myhal and former Senior Ma
Slide 15: Endnotes
Endnotes 1 This is a non-IFRS financial measure, non-IFRS ratio, or supplementary financial measure. Refer to Section 6 of the Q4 2025 MD&A (Operating Metrics and Other Financial Measures) for closest IFRS measure, reconciliation and further information. 2 Based on internal company HR data. 3 Total
Slide 16: Notice to Recipients
Notice to Recipients CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS AND Except as required by law, Trisura undertakes no obligation to publicly update or revise any Factors that could cause actual results to differ materially from those contemplated or implied INFORMATION forward-looking