TRINET GROUP INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
TNET$66.30+2.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income and Comprehensive Income
| FINANCIAL STATEMENTS | Table of Contents |
|---|
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions except per share data) | 2024 | 2023 | 2022 |
| Professional service revenues | $765 | $756 | $754 |
| Insurance service revenues | 4,224 | 4,166 | 4,131 |
| Interest income | 64 | 72 | 22 |
| Total revenues | 5,053 | 4,994 | 4,907 |
| Insurance costs | 3,797 | 3,513 | 3,463 |
| Cost of providing services | 304 | 307 | 303 |
| Sales and marketing | 289 | 285 | 242 |
| General and administrative | 232 | 211 | 241 |
| Systems development and programming | 68 | 65 | 73 |
| Depreciation and amortization of intangible assets | 75 | 72 | 64 |
| Interest expense, bank fees and other | 62 | 40 | 39 |
| Income before tax | 226 | 501 | 482 |
| Income taxes | 53 | 126 | 127 |
| Net income | $173 | $375 | $355 |
| Other comprehensive (loss) income, net of income taxes | (1) | 3 | (4) |
| Comprehensive income | $172 | $378 | $351 |
| Net income per share: | |||
| Basic | $3.47 | $6.61 | $5.66 |
| Diluted | $3.43 | $6.56 | $5.61 |
| Weighted average shares: | |||
| Basic | 50 | 57 | 63 |
| Diluted | 50 | 57 | 64 |
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