Trean Insurance Group, Inc. (TIG) financial statements (2022 and earlier)

Company profile

Business Address 150 LAKE STREET WEST
WAYZATA, MN 55391
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments131157
Cash and cash equivalents130153
Short-term investments14
Total current assets:131157
Noncurrent Assets
Operating lease, right-of-use asset56
Property, plant and equipment88
Long-term investments and receivables 0
Long-term investments 0
Intangible assets, net (including goodwill)215216
Goodwill142141
Intangible assets, net (excluding goodwill)7375
Total noncurrent assets:228231
Other undisclosed assets1,145982
TOTAL ASSETS:1,5031,370
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt812
Deferred income tax liabilities812
Total noncurrent liabilities:812
Other undisclosed liabilities1,074947
Total liabilities:1,081960
Stockholders' equity
Stockholders' equity attributable to parent422410
Common stock11
Additional paid in capital289287
Accumulated other comprehensive income410
Retained earnings128113
Total stockholders' equity:422410
TOTAL LIABILITIES AND EQUITY:1,5031,370

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
Revenues218202
Premiums earned, net199108
Gross profit:218202
Operating expenses(61)(55)
Operating income:156147
Nonoperating income
(Other Nonoperating income)
01
Interest and debt expense(2)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes(130)(51)
Income from continuing operations before equity method investments, income taxes:2595
Income from equity method investments 2
Income from continuing operations before income taxes:2598
Income tax expense(5)(7)
Net income available to common stockholders, diluted:1991

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
Net income:1991
Comprehensive income:1991
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(9)5
Comprehensive income, net of tax, attributable to parent:1095

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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