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

Key Financial Results

• Revenue: US$686.1m (up 28% from 3Q 2023).

• Net income: US$100.6m (up 15% from 3Q 2023).

• Profit margin: 15% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.88 (up from US$0.74 in 3Q 2023).

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

Fidelis Insurance Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 9.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Fidelis Insurance Holdings you should be aware of.

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