Lancashire Holdings Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Lancashire Holdings (LON:LRE) Full Year 2023 Results

Key Financial Results

• Revenue: US$2.50b (up 149% from FY 2022).
• Net income: US$1.84b (up from US$3.30m loss in FY 2022).
• Profit margin: 74% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue.
• EPS: US$1.35 (up from US$0.014 loss in FY 2022).

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

Lancashire Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 2.5%.

Looking ahead, revenue is expected to decline by 4.8% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 25%.

Performance of the British Insurance industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Lancashire Holdings that you need to take into consideration.

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