First Mutual Holdings Past Earnings Performance

Past criteria checks 4/6

First Mutual Holdings has been growing earnings at an average annual rate of 261.3%, while the Insurance industry saw earnings growing at 24.6% annually. Revenues have been growing at an average rate of 183.2% per year. First Mutual Holdings's return on equity is 51%, and it has net margins of 16.8%.

Key information

261.26%

Earnings growth rate

261.27%

EPS growth rate

Insurance Industry Growth	39.17%
Revenue growth rate	183.16%
Return on equity	51.02%
Net Margin	16.79%
Last Earnings Update	31 Dec 2023

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How First Mutual Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ZMSE:FML Revenue, expenses and earnings (ZWL Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	897,108	150,624	170,932
30 Sep 23	799,844	241,605	143,488
30 Jun 23	367,607	273,474	89,411
31 Mar 23	342,213	157,584	77,686
31 Dec 22	316,819	41,694	65,961
30 Sep 22	-49,481	-11,343	26,770
30 Jun 22	-40,005	-5,164	23,763
31 Mar 22	-6,568	-2,605	15,416
31 Dec 21	14,896	2,581	4,086
30 Sep 21	37,011	-848	9,248
30 Jun 21	18,286	-4,160	5,119
31 Mar 21	5,705	1,092	1,939
31 Dec 20	5,236	1,259	1,442
30 Sep 20	4,359	1,729	1,577
30 Jun 20	4,626	1,389	1,589
31 Mar 20	1,551	-439	408
31 Dec 19	3,001	-347	1,309
30 Sep 19	3,988	-53	1,091
30 Jun 19	3,090	1,092	635
31 Mar 19	2,480	448	479
31 Dec 18	1,590	-220	264
30 Sep 18	14,584	1,267	2,551
30 Jun 18	28,355	2,491	4,936
31 Mar 18	39,842	3,103	6,813
31 Dec 17	51,609	3,738	8,748
30 Sep 17	48,694	3,429	8,485
30 Jun 17	45,779	3,120	8,221
31 Mar 17	43,624	2,987	8,186
31 Dec 16	41,470	2,854	8,151
30 Sep 16	39,405	2,024	8,044
30 Jun 16	37,341	1,194	7,937
31 Mar 16	36,692	652	8,120
31 Dec 15	36,044	110	8,304
30 Sep 15	37,005	-279	7,995
30 Jun 15	38,084	-670	7,710
31 Mar 15	37,338	-1,398	7,997
31 Dec 14	36,711	-2,128	8,308
30 Sep 14	35,205	-1,818	8,738
30 Jun 14	33,710	-1,509	9,170

Quality Earnings: FML has a large one-off gain of ZWL528.7B impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: FML's current net profit margins (16.8%) are higher than last year (13.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FML has become profitable over the past 5 years.

Accelerating Growth: Insufficient data to compare FML's past year earnings growth to its 5-year average.

Earnings vs Industry: FML earnings growth over the past year (261.3%) exceeded the Insurance industry 49.4%.

Return on Equity

High ROE: FML's Return on Equity (51%) is considered outstanding.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/27 22:47
End of Day Share Price	2025/05/27 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Mutual Holdings Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.