Stock Analysis
- United States
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- NYSE:FIHL
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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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 NYSE:FIHL
Fidelis Insurance Holdings
Provides insurance and reinsurance products in Bermuda, the Republic of Ireland, and the United Kingdom.