TriNet Group Inc at Stifel Cross Sector Insight Conference Transcript
Good morning. My name is David Grossman and I cover the services space here at Stifel and welcome to the TriNet presentation. For those of you who don't know, TriNet provides outsourced human resources services, lower cost health and worker's comp insurance to the small and medium-sized business market via a very highly differentiated PEO model.
I think Rich will talk a little bit more about the value proposition of the business and the underlying market, but the net of it is that the market is driven by the complexity of the HR environment for small and medium-size businesses, as well as the difficulty in procuring both life and worker's comp insurance at affordable rates.
The Company is in the later stages of what I would characterize as a multi-year turnaround including enhancements to the management team, improving risk management around the insurance business, operational streamlining and really rebalancing, I would say, the customer portfolio for profitability.
And like I said, with me today it's really my pleasure to introduce
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