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Trean Insurance Group Management

Management criteria checks 3/4

Key information

Julie Baron

Chief executive officer

US$789.2k

Total compensation

CEO salary percentage	50.4%
CEO tenure	1.8yrs
CEO ownership	0.05%
Management average tenure	1.8yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

The Market Doesn't Like What It Sees From Trean Insurance Group, Inc.'s (NASDAQ:TIG) Earnings Yet

Nov 04

CEO Compensation Analysis

How has Julie Baron's remuneration changed compared to Trean Insurance Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2022	US$789k	US$398k	-US$66m
Sep 30 2022	n/a	n/a	US$27m
Jun 30 2022	n/a	n/a	US$26m
Mar 31 2022	n/a	n/a	US$22m
Dec 31 2021	US$1m	US$325k	US$19m
Sep 30 2021	n/a	n/a	US$26m
Jun 30 2021	n/a	n/a	US$89m
Mar 31 2021	n/a	n/a	US$88m
Dec 31 2020	US$1m	US$300k	US$89m
Sep 30 2020	n/a	n/a	US$91m
Jun 30 2020	n/a	n/a	US$27m
Mar 31 2020	n/a	n/a	US$32m
Dec 31 2019	US$294k	US$203k	US$28m

Compensation vs Market: Julie's total compensation ($USD789.17K) is below average for companies of similar size in the US market ($USD2.65M).

Compensation vs Earnings: Julie's compensation has been consistent with company performance over the past year.

CEO

Julie Baron (55 yo)

1.8yrs

Tenure

US$789,165

Compensation

Ms. Julie Ann Baron is the President of Trean Insurance Group, Inc., since June 2021 July 2022 and served as its Chief Operating Officer from June 2021 to July 2022. She serves as Chief Executive Officer a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew O'Brien	Executive Chairman of the Board	26.3yrs	US$884.71k	6.85% $ 21.6m
Julie Baron	CEO, President & Director	1.8yrs	US$789.17k	0.046% $ 144.5k
Nicholas Vassallo	Treasurer & CFO	1.8yrs	US$585.58k	0.018% $ 57.6k
Patricia Ryan	Chief Legal Officer	1.6yrs	US$535.18k	0.017% $ 54.9k
Matthew Spencer	Chief Information & Security Officer	4.5yrs	US$727.44k	0.023% $ 72.6k
Elisabeth Rosandich	Senior Vice President	1.9yrs	no data	no data

1.8yrs

Average Tenure

55yo

Average Age

Experienced Management: TIG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew O'Brien	Executive Chairman of the Board	26.3yrs	US$884.71k	6.85% $ 21.6m
Julie Baron	CEO, President & Director	less than a year	US$789.17k	0.046% $ 144.5k
Philip Smith	Independent Director	1.1yrs	US$98.48k	0% $ 0
Daniel Tully	Independent Director	7.8yrs	no data	no data
Terry Mayotte	Independent Director	2.8yrs	US$115.37k	0.0081% $ 25.6k
Randall Jones	Independent Director	15.3yrs	US$192.50k	0.27% $ 846.0k
Steven Lee	Director	26.3yrs	US$100.00k	2.07% $ 6.5m
Mary Chaput	Independent Director	2.7yrs	US$115.00k	0.0081% $ 25.6k

5.3yrs

Average Tenure

64yo

Average Age

Experienced Board: TIG's board of directors are considered experienced (5.3 years average tenure).

This company has been acquired

Trean Insurance Group Management

Management criteria checks 3/4

Key information

Recent management updates

Trean Insurance Group, Inc., Annual General Meeting, May 17, 2022

Senior VP & Director recently bought US$85k worth of stock

President & COO recently bought US$85k worth of stock

CEO & Director recently bought US$205k worth of stock

Recent updates

Full year 2022 earnings released: US$1.29 loss per share (vs US$0.38 profit in FY 2021)

Funds managed by Altaris Capital Partners, LLC entered into a definitive merger agreement to acquire Trean Insurance Group, Inc. (NasdaqGS:TIG) for approximately $170 million.

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: US$0.15 (vs US$0.13 in 3Q 2021)

The Market Doesn't Like What It Sees From Trean Insurance Group, Inc.'s (NASDAQ:TIG) Earnings Yet

Trean Insurance Group, Inc. Provides Revenue Guidance for the Full Year 2022

Trean Insurance Group, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Consensus forecasts updated

Trean insurance group increases surplus with $50M notes offering

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Trean Insurance Group, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022

Trean Insurance Non-GAAP EPS of $0.11, revenue of $68.77M.

Trean Insurance Group, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Consensus forecasts updated

Investor sentiment improved over the past week

Consensus EPS estimates increase by 24%

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Trean Insurance Group, Inc. Revises Earnings Guidance for the Year 2022

Trean Insurance Group, Inc. to Report Q1, 2022 Results on May 04, 2022

Investor sentiment deteriorated over the past week

Trean Insurance Group, Inc., Annual General Meeting, May 17, 2022

Consensus forecasts updated

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Trean Insurance Group, Inc. to Report Q4, 2021 Results on Mar 09, 2022

Price target decreased to US$12.33

Senior VP & Director recently bought US$85k worth of stock

Investor sentiment deteriorated over the past week

President & COO recently bought US$85k worth of stock

CEO & Director recently bought US$205k worth of stock

Third quarter 2021 earnings released: EPS US$0.13 (vs US$1.41 in 3Q 2020)

Price target decreased to US$17.67

Second quarter 2021 earnings released: EPS US$0.042 (vs US$0.071 in 2Q 2020)

Trean Insurance Group, Inc. Provides Gross Written Premium Guidance for the Full Year 2021

Director David Ellison has left the company

Trean Insurance Group, Inc.(NasdaqGS:TIG) dropped from Russell 2500 Growth Index

Trean Insurance names Julie Baron Chief Operating Officer in management shuffle

Investor sentiment improved over the past week

Trean Insurance Group, Inc. has completed a Follow-on Equity Offering in the amount of $70 million.

First quarter 2021 earnings released: EPS US$0.13

Full year 2020 earnings released: EPS US$2.08

New 90-day high: US$17.37

Trean Insurance Group, Inc. to Report Q4, 2020 Results on Mar 24, 2021

New 90-day high: US$16.23

Why Trean Insurance Group, Inc. (NASDAQ:TIG) Looks Like A Quality Company

New 90-day high: US$15.28

Analysts update estimates

Market bids up stock over the past week

Trean Insurance Group, Inc. to Report Q3, 2020 Results on Nov 12, 2020

New 90-day low: US$11.30

Market pulls back on stock over the past week

First half earnings released

Trean Insurance Group, Inc. completed the acquisition of remaining 55% stake in Compstar Insurance Services LLC from Blake Enterprises I, Inc., Blake Enterprises II, Inc. and Blake Enterprises III, Inc.

Trean Insurance Group, Inc. to Report Q2, 2020 Results on Aug 27, 2020

Trean Insurance Group, Inc. has completed an IPO in the amount of $160.71429 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age