Acquired by Altaris Capital Partners in May 2023
TIG - Trean Insurance Group, Inc.
NASDAQ
->
Financial Services
->
Insurance—Specialty
Wayzata,
United States
Type: Equity
TIG price evolution
TIG
| (in millions $) | 31 Dec 2022 | 30 Sep 2022 | 30 Jun 2022 | 31 Mar 2022 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $109.07 | $97.81 | $101.02 | $104.34 |
| Short term investments | ||||
| Net receivables | $693.07 | $657.03 | $658.08 | $654.71 |
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $9.91 | $10.66 | $11.4 | $11.86 |
| Goodwill & intangible assets | $133.41 | $210.96 | $212.46 | $213.96 |
| Total noncurrent assets | ||||
| Total investments | $587.28 | $565.41 | $497.52 | $481.51 |
| Total assets | $1581.94 | $1581.58 | $1511.28 | $1494.71 |
| Current liabilities | ||||
| Accounts payable | $83.47 | $92.96 | $68.85 | $69.32 |
| Deferred revenue | $229.11 | $220.89 | $219.95 | $222.9 |
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $80.14 | $81.09 | $33.8 | $34.55 |
| Total liabilities | $1266.92 | $1178.52 | $1101.16 | $1078.32 |
| Shareholders' equity | ||||
| Retained earnings | $62.44 | $153.79 | $146.22 | $140.73 |
| Other shareholder equity | -$38.02 | -$40.87 | -$25.79 | -$13.62 |
| Total shareholder equity | $315.02 | $403.06 | $410.12 | $416.4 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 30 Dec 2019 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $109.07 | $129.98 | $157.23 | $74.27 |
| Short term investments | ||||
| Net receivables | $693.07 | $648.57 | $560.4 | $85.76 |
| Inventory | ||||
| Total current assets | $551.72 | |||
| Long term investments | $350.87 | |||
| Property, plant & equipment | $9.91 | $12.16 | $14.59 | $7.57 |
| Goodwill & intangible assets | $133.41 | $215.46 | $215.96 | |
| Total noncurrent assets | ||||
| Total investments | $587.28 | $472.03 | $409.61 | |
| Total assets | $1581.94 | $1503.02 | $1369.78 | $919.03 |
| Current liabilities | ||||
| Accounts payable | $83.47 | $74.58 | $118.31 | $349.86 |
| Deferred revenue | $229.11 | $219.94 | $157.99 | |
| Short long term debt | ||||
| Total current liabilities | $466.97 | |||
| Long term debt | $29.04 | |||
| Total noncurrent liabilities | ||||
| Total debt | $80.14 | $35.34 | $38.53 | |
| Total liabilities | $1266.92 | $1081.11 | $959.68 | $772.32 |
| Shareholders' equity | ||||
| Retained earnings | $62.44 | $128.39 | $112.96 | $40.36 |
| Other shareholder equity | -$38.02 | $4.38 | $9.53 | $4.82 |
| Total shareholder equity | $315.02 | $421.91 | $410.11 | $141.62 |
| (in millions $) | 31 Dec 2022 | 30 Sep 2022 | 30 Jun 2022 | 31 Mar 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $89.08 | $76.48 | $68.77 | $68.91 |
| Cost of revenue | $78.15 | $45.65 | $40.89 | $39.19 |
| Gross Profit | $10.93 | $30.83 | $27.89 | $29.71 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $22.98 | $23.26 | $21.68 | $18.3 |
| Total operating expenses | $104.09 | $25.21 | $23.85 | $19.95 |
| Operating income | -$93.15 | $5.62 | $4.04 | $9.76 |
| Income from continuing operations | ||||
| EBIT | -$95.56 | $10.52 | $7.42 | $16.02 |
| Income tax expense | -$5.67 | $2.01 | $1.46 | $3.27 |
| Interest expense | $1.46 | $0.93 | $0.47 | $0.41 |
| Net income | ||||
| Net income | -$91.36 | $7.57 | $5.49 | $12.34 |
| Income (for common shares) | -$91.36 | $7.57 | $5.49 | $12.34 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 30 Dec 2019 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $303.24 | $217.69 | $202.11 | $102.52 |
| Cost of revenue | $203.88 | $130.77 | $50.77 | $44.66 |
| Gross Profit | $99.36 | $86.92 | $151.33 | $57.85 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $86.21 | $54.71 | $38.67 | $21 |
| Total operating expenses | $173.11 | $62.9 | $55.17 | $65.67 |
| Operating income | -$73.74 | $24.02 | $96.16 | $36.85 |
| Income from continuing operations | ||||
| EBIT | -$61.61 | $26.46 | $99.52 | $36.85 |
| Income tax expense | $1.07 | $5.45 | $6.83 | $7.07 |
| Interest expense | $3.27 | $1.69 | $1.92 | -$2.17 |
| Net income | ||||
| Net income | -$65.95 | $19.33 | $90.77 | $31.29 |
| Income (for common shares) | -$65.95 | $19.33 | $90.77 | $31.03 |
| (in millions $) | 31 Dec 2022 | 30 Sep 2022 | 30 Jun 2022 | 31 Mar 2022 |
|---|---|---|---|---|
| Net income | -$91.36 | $7.57 | $5.49 | $12.34 |
| Operating activities | ||||
| Depreciation | $1.72 | $1.72 | $1.71 | $1.68 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $0.48 | $0.46 | $0.4 | $0.16 |
| Total cash flows from operations | $32.4 | $36.47 | $31.33 | $8.75 |
| Investing activities | ||||
| Capital expenditures | -$0.11 | -$0.23 | ||
| Investments | -$20.7 | -$86.53 | -$34.14 | -$33.74 |
| Total cash flows from investing | -$20.7 | -$86.53 | -$34.24 | -$33.97 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | ||||
| Net borrowings | -$0.44 | $47.79 | -$0.41 | -$0.41 |
| Total cash flows from financing | -$0.44 | $46.85 | -$0.41 | -$0.42 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $11.27 | -$3.21 | -$3.33 | -$25.64 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 30 Dec 2019 |
|---|---|---|---|---|
| Net income | -$65.95 | $19.33 | $90.77 | $31.29 |
| Operating activities | ||||
| Depreciation | $6.82 | $6.83 | $3.48 | $0.88 |
| Business acquisitions & disposals | -$3.79 | $1.36 | ||
| Stock-based compensation | $1.5 | $1.52 | $0.7 | |
| Total cash flows from operations | $108.95 | $94.36 | $50.01 | $52.17 |
| Investing activities | ||||
| Capital expenditures | -$0.34 | -$0.35 | -$0.81 | -$0.63 |
| Investments | -$175.1 | -$116.02 | -$20.8 | -$17.81 |
| Total cash flows from investing | -$175.44 | -$120.16 | -$20.25 | -$23.94 |
| Financing activities | ||||
| Dividends paid | -$19.82 | -$1.39 | ||
| Sale and purchase of stock | $99.64 | |||
| Net borrowings | $46.53 | -$1.44 | -$17.27 | -$4.83 |
| Total cash flows from financing | $45.58 | -$1.45 | $51.4 | -$8.13 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$20.91 | -$27.25 | $81.17 | $20.11 |
News
Fundamentals
| Market cap | N/A |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | N/A |
| Revenue | $303.24M |
|---|---|
| EBITDA | -$54.79M |
| EBIT | -$61.61M |
| Net Income | -$65.95M |
| Revenue Q/Q | 45.22% |
| Revenue Y/Y | 39.74% |
| P/E ratio | N/A |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | N/A |
| P/B ratio | N/A |
| Book/Share | N/A |
| Cash/Share | N/A |
| EPS | N/A |
|---|---|
| ROA | -4.28% |
| ROE | -17.08% |
| Debt/Equity | 4.02 |
|---|---|
| Net debt/EBITDA | -21.13 |
| Current ratio | N/A |
| Quick ratio | N/A |