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Trean Insurance Group, Inc. (TIG)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues | 303.2 | 217.7 | 205.5 | 102.5 | 78.5 |
| Revenue growth | 39.3% | 6.0% | 100.4% | 30.6% | |
| Other operating expenses | 364.9 | 191.2 | 111.1 | 65.5 | 50.8 |
| General and administrative | 86.2 | 54.7 | 38.7 | 21.0 | 15.7 |
| Equity in earnings | | | 2.3 | 3.6 | -1.1 |
| EBITDA | 21.2 | 33.1 | 96.8 | 37.7 | 27.6 |
| EBITDA margin | 7.0% | 15.2% | 47.1% | 36.8% | 35.1% |
| Depreciation | 0.8 | 1.0 | 0.9 | 0.8 | 0.5 |
| EBITA | 20.3 | 32.1 | 95.9 | 36.9 | 27.1 |
| EBITA margin | 6.7% | 14.7% | 46.7% | 36.0% | 34.5% |
| Amortization of intangibles | 6.0 | 5.8 | 2.6 | 0.0 | 0.0 |
| EBIT | 14.3 | 26.2 | 93.3 | 36.8 | 27.1 |
| EBIT margin | 4.7% | 12.1% | 45.4% | 35.9% | 34.5% |
| Interest expense | 3.3 | 1.7 | 1.9 | 2.2 | 1.6 |
| Interest expense | 3.3 | 1.7 | 1.9 | 2.2 | 1.6 |
| Other income (expense), net | 0.1 | 0.2 | 1.0 | 0.1 | 0.6 |
| Pre-tax income | -64.9 | 24.8 | 92.5 | 34.8 | 26.2 |
| Income taxes | 1.1 | 5.4 | 6.2 | 7.1 | 5.5 |
| Tax rate | | 22.0% | 6.7% | 20.3% | 21.2% |
| Net income | -66.0 | 19.3 | 88.5 | 31.3 | 19.5 |
| Net margin | -21.7% | 8.9% | 43.1% | 30.5% | 24.9% |
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| Basic EPS | ($1.29) | $0.38 | $2.02 | $0.84 | $0.52 |
| Diluted EPS | ($1.29) | $0.38 | $2.02 | $0.84 | $0.52 |
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| Shares outstanding (basic) | 51.2 | 51.2 | 43.7 | 37.4 | 37.4 |
| Shares outstanding (diluted) | 51.2 | 51.2 | 43.7 | 37.4 | 37.4 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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