TIG · Trean Insurance Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Revenue | $303.24M | $217.69M | $202.11M |
| Cost of Revenue | - | - | - |
| Gross Profit | - | - | - |
| R&D | - | - | - |
| SG&A | $86.21M | $54.71M | $38.67M |
| Total Operating Expenses | - | - | - |
| D&A | $820.0K | $1.01M | $912.0K |
| Operating Income | ($64.88M) | $24.78M | $95.26M |
| Interest Expense | $3.27M | $1.69M | $1.92M |
| Income Tax | $1.07M | $5.45M | $6.83M |
| Net Income | ($65.95M) | $19.33M | $90.77M |
| EPS - Basic | ($1.29) | $0.38 | $2.08 |
| EPS - Diluted | ($1.29) | $0.38 | $2.07 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Cash & Equivalents | $107.99M | $129.58M | $53.57M |
| Accounts Receivable | - | - | - |
| Inventory | - | - | - |
| Accounts Payable | - | - | - |
| Current Assets | - | - | - |
| Total Assets | $1.58B | $1.50B | $1.37B |
| Current Liabilities | - | - | - |
| Long-term Debt | $77.07M | $30.36M | $31.64M |
| Total Liabilities | $1.27B | $1.08B | $959.68M |
| Stockholders' Equity | $315.02M | $421.91M | $410.11M |
| Retained Earnings | $62.44M | $128.39M | $112.96M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Operating Cash Flow | $108.95M | $94.36M | $50.01M |
| Investing Cash Flow | ($175.44M) | ($120.16M) | ($20.25M) |
| Financing Cash Flow | $45.58M | ($1.45M) | $51.40M |
| CapEx | - | - | - |
| Free Cash Flow | - | - | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Profitability | |||
| Gross margin | - | - | - |
| Operating margin | -21.4% | 11.4% | 47.1% |
| EBITDA margin | -21.1% | 11.8% | 47.6% |
| Net margin | -21.7% | 8.9% | 44.9% |
| Free cash flow margin | - | - | - |
| FCF / Net income | - | - | - |
| R&D / Revenue | - | - | - |
| SG&A / Revenue | 28.4% | 25.1% | 19.1% |
| Effective tax rate | - | 22.0% | 7.0% |
| Return on assets | -4.2% | 1.3% | 6.6% |
| Return on equity | -20.9% | 4.6% | 22.1% |
| Return on invested capital | -13.1% | 4.3% | 20.1% |
| Liquidity | |||
| Current ratio | - | - | - |
| Quick ratio | - | - | - |
| Cash ratio | - | - | - |
| Leverage | |||
| Debt / Equity | 0.24 | 0.07 | 0.08 |
| Debt / Assets | 0.05 | 0.02 | 0.02 |
| Debt / EBITDA | - | 1.18 | 0.33 |
| Interest coverage | -19.8x | 14.7x | 49.6x |
| Equity multiplier | 5.02 | 3.56 | 3.34 |
| Liabilities / Assets | 0.80 | 0.72 | 0.70 |
| Efficiency | |||
| Asset turnover | 0.19 | 0.14 | 0.15 |
| Inventory turnover | - | - | - |
| Days sales outstanding | - | - | - |
| Days inventory outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Cash conversion cycle | - | - | - |
| Valuation | |||
| P / E | - | - | - |
| P / B | - | - | - |
| P / S | - | - | - |
| EV / EBITDA | - | - | - |
| Growth | |||
| Revenue growth (YoY) | 39.3% | 7.7% | - |
| Revenue CAGR (3y) | - | - | - |
| Revenue CAGR (5y) | - | - | - |
| Gross profit growth (YoY) | - | - | - |
| Operating income growth (YoY) | - | -74.0% | - |
| Net income growth (YoY) | - | -78.7% | - |
| EPS growth (YoY) | - | -81.6% | - |
| EPS CAGR (3y) | - | - | - |
| EPS CAGR (5y) | - | - | - |
| FCF growth (YoY) | - | - | - |
| FCF CAGR (5y) | - | - | - |
| Book value growth (YoY) | -25.3% | 2.9% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$10.24M totalBrokerage$7.04M · 68.7%
Third Party Administrator Fees$1.61M · 15.7%
Consulting Fees$993.0K · 9.7%
Managing General Agent Fees$603.0K · 5.9%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing Trean Insurance Group against the 5 most active filers in the same SIC group.