Fidelis Insurance Holdings Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Fidelis Insurance Holdings (NYSE:FIHL) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$540.1m (up 19% from 2Q 2023).
• Net income: US$53.7m (down 36% from 2Q 2023).
• Profit margin: 9.9% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.46 (down from US$0.76 in 2Q 2023).

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

Fidelis Insurance Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 5.6% from a week ago.

Risk Analysis

Be aware that Fidelis Insurance Holdings is showing 2 warning signs in our investment analysis that you should know about...

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