Hiscox (LON:HSX) Full Year 2024 Results
Key Financial Results
- Revenue: US$4.03b (up 9.0% from FY 2023).
- Net income: US$627.2m (down 12% from FY 2023).
- Profit margin: 16% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: US$1.83 (down from US$2.06 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hiscox EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.6%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Insurance industry in the United Kingdom.
Performance of the British Insurance industry.
The company's shares are up 13% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Hiscox has 2 warning signs (and 1 which is a bit concerning) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About LSE:HSX
Hiscox
Through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally.
Undervalued with adequate balance sheet.
