Reinsurance stocks post strong Q1 but revenues miss estimates by 1.4%

Earnings
โดย StockStory·Read original
Summary · why it matters

The six reinsurance stocks tracked by StockStory reported a strong first quarter, though as a group revenues missed analysts' consensus estimates by 1.4%. Everest Group posted revenues of $4.07 billion, down 4.6% year on year and 5.5% below expectations, while Hamilton Insurance Group outperformed with revenues of $758.9 million, beating estimates by 14.1%. AXIS Capital reported $1.67 billion in revenues, up 7.7% but 3.1% short of estimates, and Reinsurance Group of America delivered $6.64 billion, up 24.3% and 3.1% above expectations. Pelagos Insurance recorded $610.6 million in revenues, down 7.3% but 4.7% ahead of estimates. On average, share prices of the companies have held relatively steady since the latest earnings results.

Impact on stocks 5

Financials± Mixed · 4 stocks
PLGO
PLGO
▲ PositiveCapitalrelevance

Pelagos Insurance recorded $610.6 million in revenues, down 7.3% but 4.7% ahead of estimates.

Climate Adaptation & Water · 1 stocks
Everest Group Ltd
EG
▼ NegativeCapitalrelevance

Everest Group posted revenues of $4.07 billion, down 4.6% year on year and 5.5% below expectations.