Lancashire Holdings Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
Lancashire Holdings (LON:LRE) Full Year 2022 Results
Key Financial Results
Revenue: US$1.00b (up 35% from FY 2021).
Net loss: US$3.30m (loss narrowed by 95% from FY 2021).
US$0.01 loss per share (improved from US$0.26 loss in FY 2021).
LRE Profitability Indicators
Combined ratio: 97.7% (down from 107.3% in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lancashire Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Insurance industry in the United Kingdom.
Performance of the British Insurance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Lancashire Holdings that you need to be mindful of.
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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.
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