TRINET GROUP INC

For the period ended Sep 30, 2024. Filed Oct 25, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 25, 2024

TNET$66.30+2.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income and Comprehensive Income

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited)

	Three Months Ended September 30,		Nine Months Ended September 30,
(in millions except per share data)	2024	2023	2024	2023
Professional service revenues	$184	$185	$584	$567
Insurance service revenues	1,053	1,037	3,143	3,110
Total revenues	1,237	1,222	3,727	3,677
Insurance costs	949	874	2,772	2,594
Cost of providing services	74	74	228	231
Sales and marketing	74	75	218	214
General and administrative	46	51	140	154
Systems development and programming	17	15	52	49
Depreciation and amortization of intangible assets	19	17	56	53
Total costs and operating expenses	1,179	1,106	3,466	3,295
Operating income	58	116	261	382
Other income (expense):
Interest expense, bank fees and other	(15)	(10)	(47)	(23)
Interest income	15	18	49	57
Income before provision for income taxes	58	124	263	416
Income taxes	13	30	67	108
Net income	$45	$94	$196	$308
Other comprehensive income (loss), net of income taxes	7	(2)	4	(3)
Comprehensive income	$52	$92	$200	$305
Net income per share:
Basic	$0.90	$1.65	$3.91	$5.23
Diluted	$0.89	$1.63	$3.87	$5.20
Weighted average shares:
Basic	50	57	50	59
Diluted	50	58	51	59

TRINET	31	2024 Q3 FORM 10-Q

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.