Lancashire Holdings (LON:LRE) H1 2024 results

Key financial results

• Revenue: $708.9 million (up 28% from H1 2023).

• Net income: $200.8 million (up 26% from H1 2023).

• Profit margin: 28% (in line with H1 2023).

• Earnings per share: $0.84 (compared to $0.67 in H1 2023).

All figures shown in the graph above refer to the last 12 months (TTM)

Lancashire Holdings earnings per share exceed expectations

Sales were in line with analysts’ estimates. Earnings per share (EPS) exceeded analysts’ estimates by 32%.

Average revenue growth of 17% per annum is expected over the next three years. In comparison, the growth forecast for the insurance industry in the United Kingdom is 9.9%.

Performance of British insurance industry.

The company’s shares rose 1.5% compared to the previous week.

Risk analysis

And what about the risks? Every company has them, and we have 2 warning signs for Lancashire Holdings (1 of which cannot be ignored!) that you should know.

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