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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 681M | 25.9% |
| Gross Profit | 681M | 25.9% |
| Operating expense | 681M | 26.8% |
| Net Income | 101M | 87.3% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 11.7B | 30.2% |
| Total Liabilities | 9.05B | 40.4% |
| Total Equity | 2.63B | 4% |
| Shares Outstanding | 115M | 2.5% |
Cash Flow (NONE)
| Q3 '24 | QoQ |
|---|
EPS
Financial Highlights for Fidelis Insurance Group in Q3 '24
Fidelis Insurance Group reported a revenue of 681M, which is a 25.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 681M, marking a 25.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 681M, showing a 26.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 101M, showing a 87.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Fidelis Insurance Group with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
