Private company

Trean Insurance Group, Inc.

Trean Insurance Group, Inc. is an American fire company, incorporated in Delaware.1 It is headquartered in Wayzata, Minnesota.1

Last updated Oct 20, 2026.

Overview

  • IndustryFire, Marine & Casualty Insurance1
  • HeadquartersWayzata, Minnesota1
  • Incorporated inDE2
  • Business address150 Lake Street West, Wayzata, Mn 553912
  • Filer category, Emerging growth company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-799.8%Net margin3
-19.5%Revenue growth, 20223
-20.9%Return on equity3
0.24×Debt to equity3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs47¢$3.9M
  • Interest40¢$3.3M
  • Income tax13¢$1.1M

Out of $8.2M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Kept or used elsewhere100¢$108.9M

Out of $108.9M of cash from operations.3

Financial statements

Revenue453$8.2M in 2022+5% since 2018
0$5.0M$10.0M$15.0M2018: $7.8M$7.8M20182019: $9.1M$9.1M2019+17%2020: $12.1M$12.1M2020+33%2021: $10.2M$10.2M2021−15%2022: $8.2M$8.2M2022−19%
Net income453-$66.0M in 2022
-$100.0M-$50.0M0$50.0M$100.0M2018: $19.5M$19.5M20182019: $28.1M$28.1M2019+44%2020: $88.5M$88.5M2020+215%2021: $19.3M$19.3M2021−78%2022: -$66.0M-$66.0M2022
Fiscal year201720182019202020212022
Revenue$7.8M4$9.1M5$12.1M3$10.2M3$8.2M3
Interest$1.6M4$2.2M5$1.9M3$1.7M3$3.3M3
Income before tax$24.8M3-$64.9M3
Income tax$5.5M4$6.2M5$6.2M3$5.4M3$1.1M3
Net income$19.5M4$28.1M5$88.5M3$19.3M3-$66.0M3
Earnings per share$0.524$0.755$2.023$0.383-$1.293
Earnings per share (diluted)$0.524$0.755$2.023$0.383-$1.293
Shares (weighted, basic)51.2M shares351.2M shares3
Shares (weighted, diluted)51.2M shares351.2M shares3

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Corporate structure

Trean Insurance Group, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Trean Insurance Group, Inc.

  • Percy Rockdale LLC Filed SC 13G on Trean Insurance Group, Inc., latest Apr 28, 2023
  • Blake Baker Filed SC 13G/A on Trean Insurance Group, Inc., latest Feb 14, 2023 (2 filings since Feb 2, 2022)
  • Altaris Partners, LLC Filed SC 13G/A on Trean Insurance Group, Inc., latest Feb 13, 2023 (2 filings since Jan 14, 2022)
  • ROYCE & ASSOCIATES LP Filed SC 13G/A on Trean Insurance Group, Inc., latest Jan 27, 2023 (2 filings since Jan 25, 2022)
  • Trean Insurance Group, Inc. Wayzata, Minnesota

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Trean Insurance Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$12.3M3 Dec 31, 2022$11.9M3 Dec 31, 2021+2.8%
Accumulated depreciation$5.1M3 Dec 31, 2022$4.3M3 Dec 31, 2021+19.0%
Property and equipment, net$7.2M3 Dec 31, 2022$7.6M3 Dec 31, 2021−6.3%
Operating-lease assets (leased space)$2.8M3 Dec 31, 2022$4.5M3 Dec 31, 2021−39.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$108.0M3 Dec 31, 2022$129.6M3 Dec 31, 2021−16.7%
Equity securities at fair value$35.0M3 Dec 31, 2022$969.0K3 Dec 31, 2021+3516.2%
Stakes in other companies (equity method)$05 Dec 31, 2021$232.0K5 Dec 31, 2020−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$66.3M3 Dec 31, 2022$142.3M3 Dec 31, 2021−53.4%
Finite-lived intangibles, gross$81.6M3 Dec 31, 2022$81.6M3 Dec 31, 20210%
Accumulated amortization$14.5M3 Dec 31, 2022$8.5M3 Dec 31, 2021+70.4%
Finite-lived intangibles, net$67.1M3 Dec 31, 2022$73.1M3 Dec 31, 2021−8.2%

Leadership

Who has led Trean Insurance Group, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Andrew O'Brien2020–2021

Chair

  1. Andrew O'Brien2023

President

  1. Andrew O'Brien2020–2021

Chief financial officer

  1. Julie A. Baron2020

Chief operating officer

  1. Joy N. Edler2020
2025
Board members and other officers (17)

Timeline

  1. Apr 21, 20238-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights26
  2. Apr 18, 20238-K Shareholder vote; Other events27
  3. Mar 22, 20238-K Other events28
  4. Mar 9, 20238-K Results of operations29
  5. Jan 26, 20238-K Other events30
  6. Dec 19, 20228-K Entered a material agreement31
  7. Dec 16, 20228-K Other events32
  8. Nov 2, 20228-K Results of operations33
  9. Oct 4, 20228-K Entered a material agreement; New debt or obligation; Other events34
  10. Aug 30, 20228-K Entered a material agreement; New debt or obligation35
  11. Aug 3, 20228-K Results of operations36
  12. Jun 7, 20228-K Regulation FD disclosure37
  13. Jul 16, 2020New chief executive Andrew O'Brien becomes CEO9

Calendar

When it reported results

  1. Mar 9, 2023Reported quarterly or annual results29
  2. Nov 2, 2022Reported quarterly or annual results33
  3. Aug 3, 2022Reported quarterly or annual results36
  4. May 4, 2022Reported quarterly or annual results38
  5. Mar 9, 2022Reported quarterly or annual results39
  6. Nov 12, 2021Reported quarterly or annual results40
  7. Nov 12, 2021Reported quarterly or annual results41

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

92 filings to the SEC since October 2021: 3 annual reports, 4 quarterly reports, 19 major events, 39 insider forms, 7 large holders, 20 other. The latest 20:

  1. May 1, 202315-12G EDGAR
  2. Apr 28, 2023SC 13G SCHEDULE 13G EDGAR
  3. Apr 25, 20234 EDGAR
  4. Apr 25, 20234 EDGAR
  5. Apr 24, 20234 FORM 4 SUBMISSION EDGAR
  6. Apr 24, 20234 FORM 4 SUBMISSION EDGAR
  7. Apr 24, 20234 FORM 4 SUBMISSION EDGAR
  8. Apr 24, 20234 FORM 4 SUBMISSION EDGAR
  9. Apr 24, 20234 FORM 4 SUBMISSION EDGAR
  10. Apr 24, 20234 FORM 4 SUBMISSION EDGAR
  11. Apr 24, 20234 FORM 4 SUBMISSION EDGAR
  12. Apr 24, 20234 FORM 4 SUBMISSION EDGAR
  13. Apr 24, 20234 FORM 4 SUBMISSION EDGAR
  14. Apr 24, 20234 FORM 4 SUBMISSION EDGAR
  15. Apr 21, 2023S-8 POS EDGAR
  16. Apr 21, 2023SC 13E3/A EDGAR
  17. Apr 21, 20238-K EDGAR
  18. Apr 18, 20238-K EDGAR
  19. Apr 13, 202310-K/A EDGAR
  20. Apr 12, 2023SC 13E3/A EDGAR

The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 12 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 20, 2022Lee Steven B.DirectorBuy4,442$6.25$27.8KForm 4
May 19, 2022Lee Steven B.DirectorBuy558$6.25$3.5KForm 4
May 19, 2022Lee Steven B.DirectorBuy5,000$6.25$31.2KForm 4
Mar 15, 2022Lee Steven B.DirectorBuy10,000$3.50$35.0KForm 4
Mar 15, 2022Spencer Matthew JamesSee RemarksBuy5,000$3.62$18.1KForm 4
Mar 11, 2022Vassallo Nicholas J.Chief Financial OfficerBuy2,400$3.42$8.2KForm 4
Mar 11, 2022RYAN PATRICIA A.Chief Legal OfficerBuy5,000$3.40$17.0KForm 4
Dec 2, 2021Lee Steven B.DirectorBuy10,000$8.50$85.0KForm 4
Nov 18, 2021Baron Julie A.See RemarksBuy9,400$9.01$84.7KForm 4
Nov 15, 2021Vassallo Nicholas J.Chief Financial OfficerBuy1,000$8.45$8.4KForm 4
Nov 12, 2021O'Brien AndrewExecutive ChairmanBuy25,000$8.20$205.0KForm 4
Nov 12, 2021RYAN PATRICIA A.Chief Legal OfficerBuy2,500$8.37$20.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Trean Insurance Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTrean Insurance Group, Inc.1
  • CIK0001801754
  • Employer ID (EIN)84-45126471
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6331 Fire, Marine & Casualty Insurance1
  • Business address150 Lake Street West, Wayzata, MN 553911
  • Phone(952) 974-22221
  • Shares outstanding51,238,218 as of Mar 13, 202346
  • Public float$139.7M as of Jun 30, 202246
  • On EDGAR sinceFeb 11, 20201
  • Filings177 in all: 4 (54), 8-K (28), 3 (17), CORRESP (10), DEFA14A (9), 10-Q (8), UPLOAD (8), SC 13G/A (6)1
    All 31 form types

    SC 13G (4), 10-K (3), SC 13E3/A (3), 424B4 (2), DEF 14A (2), DRS (2), DRSLTR (2), EFFECT (2), S-1 (2), S-1/A (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 4/A (1), 8-A12B (1), 8-K/A (1), CERT (1), DEFM14A (1), DRS/A (1), PREM14A (1), S-8 (1), S-8 POS (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) Mar 16, 2023
    Quarterly report (10-Q) Nov 8, 2022
    Proxy statement (DEF 14A) Apr 5, 2022
    Latest 8-K (8-K) Apr 21, 2023

Sources

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