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 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $76.48M | $68.77M | $68.91M | - | $56.99M | $51.28M | $33.36M | - | $26.41M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $23.26M | $21.68M | $18.30M | - | $13.79M | $15.27M | $8.15M | - | $5.76M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | - | $9.59M | $2.54M | $15.61M | - | $8.60M | $2.54M | $11.82M | - | $6.16M |
| Interest Expense | - | $931.0K | $467.0K | $408.0K | - | $419.0K | $425.0K | $461.0K | - | $520.0K |
| Income Tax | - | $2.01M | $1.46M | $3.27M | - | $2.08M | $414.0K | $2.91M | - | $1.40M |
| Net Income | - | $7.57M | $5.49M | $12.34M | - | $6.52M | $2.13M | $9.61M | - | $5.79M |
| EPS - Basic | - | $0.15 | $0.11 | $0.24 | - | $0.13 | $0.04 | $0.26 | - | $1.41 |
| EPS - Diluted | - | $0.15 | $0.11 | $0.24 | - | $0.13 | $0.04 | $0.26 | - | $1.41 |
Balance Sheet
| Line item | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $107.99M | $81.49M | $100.72M | $103.86M | $129.58M | $134.82M | $101.36M | $130.94M | $153.15M | $165.25M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.58B | $1.58B | $1.51B | $1.49B | $1.50B | $1.45B | $1.41B | $1.36B | $1.37B | $1.36B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $77.07M | $77.46M | $29.62M | $29.99M | $30.36M | $30.92M | $31.10M | $31.47M | $31.64M | $39.86M |
| Total Liabilities | $1.27B | $1.18B | $1.10B | $1.08B | $1.08B | $1.03B | $987.85M | $943.07M | $959.68M | $962.64M |
| Stockholders' Equity | $315.02M | $403.06M | $410.12M | $416.40M | $421.91M | $422.29M | $417.34M | $412.98M | $410.11M | $401.75M |
| Retained Earnings | $62.44M | $153.79M | $146.22M | $140.73M | $128.39M | $127.15M | $48.12M | $119.75M | $112.96M | $104.85M |
Cash Flow
| Line item | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $8.75M | - | - | - | $7.43M | - | - |
| Investing Cash Flow | - | - | - | ($33.97M) | - | - | - | ($9.47M) | - | - |
| Financing Cash Flow | - | - | - | ($420.0K) | - | - | - | ($344.0K) | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | 12.5% | 3.7% | 22.7% | - | 15.1% | 5.0% | 35.4% | - | 23.3% |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | 9.9% | 8.0% | 17.9% | - | 11.4% | 4.1% | 28.8% | - | 21.9% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 30.4% | 31.5% | 26.6% | - | 24.2% | 29.8% | 24.4% | - | 21.8% |
| Effective tax rate | - | 21.0% | 21.0% | 20.9% | - | 24.2% | 16.3% | 23.3% | - | 19.4% |
| Return on assets | - | 0.5% | 0.4% | 0.8% | - | 0.4% | 0.2% | 0.7% | - | 0.4% |
| Return on equity | - | 1.9% | 1.3% | 3.0% | - | 1.5% | 0.5% | 2.3% | - | 1.4% |
| Return on invested capital | - | 1.6% | 0.5% | 2.8% | - | 1.4% | 0.5% | 2.0% | - | 1.1% |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.24 | 0.19 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.10 |
| Debt / Assets | 0.05 | 0.05 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | 10.3x | 5.4x | 38.3x | - | 20.5x | 6.0x | 25.6x | - | 11.8x |
| Equity multiplier | 5.02 | 3.92 | 3.68 | 3.59 | 3.56 | 3.44 | 3.37 | 3.28 | 3.34 | 3.40 |
| Liabilities / Assets | 0.80 | 0.75 | 0.73 | 0.72 | 0.72 | 0.71 | 0.70 | 0.70 | 0.70 | 0.71 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.05 | 0.05 | 0.05 | - | 0.04 | 0.04 | 0.02 | - | 0.02 |
| 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) | - | 34.2% | 34.1% | 106.6% | - | 115.8% | 109.9% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | 11.5% | 0.0% | 32.1% | - | 39.6% | -26.8% | - | - | - |
| Net income growth (YoY) | - | 16.2% | 158.3% | 28.5% | - | 12.7% | -66.7% | - | - | - |
| EPS growth (YoY) | - | 15.4% | 175.0% | -7.7% | - | -90.8% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -25.3% | -4.6% | -1.7% | 0.8% | 2.9% | 5.1% | 297.0% | - | - | - |
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%
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing Trean Insurance Group against the 5 most active filers in the same SIC group.