Helvetia Holding Full Year 2024 Earnings: Beats Expectations

Helvetia Holding (VTX:HELN) Full Year 2024 Results

Key Financial Results

• Revenue: CHF9.57b (up 3.7% from FY 2023).
• Net income: CHF475.3m (up 72% from FY 2023).
• Profit margin: 5.0% (up from 3.0% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CHF8.99 (up from CHF5.24 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Helvetia Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%.

The primary driver behind last 12 months revenue was the Non-Life segment contributing a total revenue of CHF7.23b (76% of total revenue). Notably, cost of sales worth CHF7.75b amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CHF936.0m (69% of total expenses). Explore how HELN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Insurance industry in Switzerland.

Performance of the Swiss Insurance industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Helvetia Holding has 1 warning sign we think you should be aware of.

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