Fidelity National Financial IncFidelity National Financial reported Q1 revenues missing estimates by 10.7%, the weakest in the group.
The 32 property and casualty insurance stocks tracked reported mixed first-quarter results, with revenues beating analysts' consensus estimates by 1.9%. HCI Group reported revenues of $242.9 million, up 12.2% year on year, falling short of expectations by 1.1% but still delivering a strong quarter with beats on book value per share and net premiums earned. Stewart Information Services was the best performer, with revenues of $781.3 million, up 27.7% year on year and beating estimates by 4.6%, while Fidelity National Financial was the weakest, reporting revenues of $3.23 billion, up 18.2% year on year but missing estimates by 10.7%. Mercury General and Bowhead Specialty also posted strong results, with revenue beats of 5.4% and 5.5% respectively. Share prices of the group have been resilient, up 7.5% on average since the latest earnings results.
Fidelity National Financial IncFidelity National Financial reported Q1 revenues missing estimates by 10.7%, the weakest in the group.
Stewart Information Services CorpStewart Information Services was the best performer with Q1 revenues up 27.7% and beating estimates by 4.6%.
HCI Group IncHCI Group reported Q1 revenues up 12.2% but missed estimates by 1.1%; however, it beat on book value per share and net premiums earned.
Bowhead Specialty Holdings Inc.Bowhead Specialty posted strong Q1 results with revenue beat of 5.5%.
Mercury General CorporationMercury General posted strong Q1 results with revenue beat of 5.4%.