Latest news with #GlobalIndemnityGroup
Business Wire
10 hours ago
- Business
- Business Wire
Global Indemnity Group, LLC Announces Appointment of Jason C. Murgio to the Board of Directors
WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE: GBLI) ('GBLI') today announced the appointment of Jason C. Murgio, Principal and Chief Executive Officer of Merger & Acquisition Services, Inc., to its Board of Directors, effective June 4, 2025. Merger & Acquisition Services, Inc. is a leading advisory and financial services firm specializing in the insurance industry. 'We are delighted to welcome Jason Murgio to our Board of Directors,' said Saul Fox, Chairman of GBLI. 'Jason brings a wealth of expertise in insurance mergers and acquisitions. Having collaborated with him and his firm for more than 15 years on numerous strategic initiatives, I am confident that his insights will be invaluable as GBLI continues to grow and innovate.' Mr. Murgio commented, 'It is a true honor to join the GBLI Board of Directors. As the company enters a period of significant opportunity and growth, I look forward to leveraging my experience to help guide GBLI through the dynamic and evolving insurance landscape. This is an exciting time for the organization, and I am eager to contribute to its future success.' About Mr. Murgio Mr. Murgio serves as a Principal and the Chief Executive Officer of Merger & Acquisition Services, Inc., as well as a director of each of Investors Heritage Life Insurance Company and Hudson Life & Annuity Company. He earned a Bachelor of Arts from Union College in Schenectady, New York. About Global Indemnity Group, LLC and its subsidiaries Global Indemnity Group, LLC (NYSE:GBLI) is a publicly listed holding company for property and casualty insurance-related businesses. Global Indemnity holds controlling interests in: Penn-America Underwriters, LLC consists of (i) three agencies: Penn-America Insurance Services, LLC, J.H. Ferguson and Associates, LLC, which includes the Vacant Express division, and Collectibles Insurance Services, LLC that source, underwrite, and service policies and (ii) two strategic insurance product and service businesses: Liberty Insurance Adjustment Agency, Inc., a claims adjustment and claims service business and Kaleidoscope Insurance Technologies, Inc., a proprietary insurance software and services provider. Belmont Holdings GX, Inc. includes five state-regulated insurance carriers: Penn-Patriot Insurance Company, Diamond State Insurance Company, Penn-Star Insurance Company, Penn-America Insurance Company, and United National Insurance Company, each of which are rated 'A' (Excellent) by AM Best. Belmont Asset Management ('BAM') works with property & casualty insurance companies to enhance investment portfolio performance. For more information, visit the Company's website at Forward-Looking Information The forward-looking statements contained in this press release 1 do not address a number of risks and uncertainties. Investors are cautioned that Global Indemnity's actual results may be materially different from the estimates expressed in, or implied, or projected by, the forward looking statements. These statements are based on estimates and information available to us at the time of this press release. All forward-looking statements in this press release are based on information available to Global Indemnity as of the date hereof. Please see Global Indemnity's filings with the Securities and Exchange Commission for a discussion of risks and uncertainties which could impact the Company and for a more detailed explication regarding forward-looking statements. Global Indemnity does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. [1] Disseminated pursuant to the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934.
Business Wire
07-05-2025
- Business
- Business Wire
Global Indemnity Group, LLC Reports First Quarter 2025 Results
WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE:GBLI) (the 'Company') today reported a net loss available to common shareholders of $4.1 million or ($0.30) per share for the three months ended March 31, 2025 which includes net loss attributed to California Wildfire events in January 2025 ('California Wildfires') of $12.2 million after tax. Highlights of Consolidated Results for the Three Months Ended March 31, 2025 Excluding California Wildfires, net income available to common shareholders was $8.1 million or $0.58 per share in 2025. Net investment income increased 2% to $14.8 million in 2025 as compared to the same period in 2024. Book yield on the fixed maturities portfolio increased to 4.5% at March 31, 2025 from 4.3% at March 31, 2024. Annualized investment return was 5.4% for 2025. Gross written premiums, increased 6% to $98.7 million in 2025; Excluding terminated products, gross written premiums increased 16% to $98.4 million in 2025 compared to $85.0 million in 2024. InsurTech grew 20% to $15.0 million in 2025 compared with $12.5 million in 2024 from organic agency growth, new agency appointments and new products. Wholesale Commercial grew 6% to $64.9 million compared to $61.1 million in 2024; excluding audit premiums, policy year premiums are higher by 14% in 2025. Assumed Reinsurance increased 275% to $10.9 million in 2025 compared to $2.9 million in 2024 due to new treaties incepting during 2024 and 2025. Current accident year underwriting loss of $10.3 million for 2025 compared to $5.3 million of underwriting income for the same period in 2024. Excluding California Wildfires, the current accident year underwriting income would have been in line with 2024 at $5.3 million in 2025. Current accident year combined ratio was 111.5% in 2025 compared to 94.9% in 2024. Excluding California Wildfires, the current accident year combined ratio would have been 94.8% in 2025 compared to 94.9% for the same period in 2024. Net losses and loss adjustment expenses related to prior accident years were less than $0.1 million in 2025 and 2024. Shareholders' equity was $687.1 million at March 31, 2025 compared to $689.1 million at December 31, 2024. Book value per common share is $47.85 at March 31, 2025 compared to $49.98 at December 31, 2024. As of March 31, 2025 As of December 31, 2024 Select Balance Sheet Data: Cash and invested assets, net $ 1,431.8 $ 1,440.7 Total assets $ 1,713.6 $ 1,731.3 Shareholders' equity $ 687.1 $ 689.1 Book value per share $ 47.85 $ 49.98 Book value per share plus cumulative dividends and excluding AOCI $ 56.08 $ 58.14 Shares Outstanding (in millions) 14.3 13.7 Expand Changes in Common Shareholders' Equity and Book Value per Share (Dollars and shares in millions, except per share data) Balance at December 31, 2024 $ 685.1 13.7 $ 49.98 Net loss (4.0 ) — (0.30 ) Fair value of fixed maturities 3.6 — 0.26 Stock compensation / share issuance (1) 3.5 0.6 (1.74 ) Dividends (5.1 ) — (0.35 ) Balance at March 31, 2025 $ 683.1 14.3 $ 47.85 Expand (1) includes 550,000 class A common shares designated as class A-2 common shares issued on March 6, 2025 for services performed in connection with the Company's internal corporate reorganization. Expand Segment Data for the Three Months Ended March 31, 2025 and 2024 As previously reported, the Company executed an extensive internal business reorganization that marked a significant milestone, positioning the Company for growth and enhanced operational efficiency, increased statutory capital, and more efficient capital management resulting from de-stacking of the insurance companies. As a result of this reorganization, the Company's reportable segments are now structured under two holding companies: Penn-America Underwriters, LLC consists of (i) three agencies: Penn-America Insurance Services, LLC, J.H. Ferguson, LLC, which includes the Vacant Express division, and Collectibles Insurance Services, LLC that source, underwrite, and service policies and (ii) two strategic insurance product and service businesses: Liberty Insurance Adjustment Agency, Inc. a claims adjustment and claims service business and Kaleidoscope Insurance Technologies, Inc., a proprietary insurance software and services provider. Belmont Holdings GX, Inc. includes five state-regulated insurance carriers: Penn-Patriot Insurance Company, Diamond State Insurance Company, Penn-Star Insurance Company, Penn-America Insurance Company, and United National Insurance Company, each of which are rated 'A' (Excellent) by AM Best. The appointment of Praveen Reddy as President and Chief Executive Officer of Penn-America Underwriters, LLC, marks the beginning of the Company's investment in Penn-America Underwriters to further develop the capabilities of its current agencies and service companies. In the first quarter of 2025, the Company realigned the composition of its reportable segments to reflect changes in how the Company now manages its operations. As a result of these changes, the Company has three reportable segments: Agency and Insurance Services consists of (i) three agencies: Penn-America Insurance Services, LLC, J.H. Ferguson, LLC, which includes the Vacant Express division, and Collectibles Insurance Services, LLC that source, underwrite, and service policies and (ii) two strategic insurance product and service businesses: Liberty Insurance Adjustment Agency, Inc. a claims adjustment and claims service business and Kaleidoscope Insurance Technologies, Inc., a proprietary insurance software and services provider. Belmont Insurance Companies - Core ('Belmont Core'), previously known as the Penn-America segment, consists of insurance company operations for ongoing direct insurance products and assumed reinsurance products, which are offered in the excess and surplus lines marketplace. Belmont Insurance Companies - Non-Core ('Belmont Non-Core'), previously known as the Non-Core Operations segment, consists of insurance company operations for lines of business that have been de-emphasized or are no longer being written. The primary activities of Belmont Non-Core are servicing the run-off of polices/treaties, adjusting claims and estimating loss reserves on de-emphasized and terminated business. Segment Data for the Three Months Ended March 31, 2025 and 2024 (Dollars in thousands) Segment Written Premiums For the Three Months Ended March 31, Belmont Core Belmont Non-Core Total 2025 2024 2025 2024 2025 2024 Direct written premiums $ 87,467 $ 91,132 $ 87 $ 92 $ 87,554 $ 91,224 Assumed written premiums 10,922 2,916 199 (652 ) 11,121 2,264 Gross written premiums $ 98,389 $ 94,048 $ 286 $ (560 ) $ 98,675 $ 93,488 Net written premiums $ 95,634 $ 92,596 $ 230 $ (511 ) $ 95,864 $ 92,085 Expand Direct Written Premium Produced by Agency and Insurance Services Segment For the Three Months Ended March 31, 2025 2024 % Change Wholesale Commercial $ 64,884 61,056 6.3% InsurTech 15,020 12,508 20.1% Direct written premiums excluding specialty products 79,904 73,564 8.6% Specialty Products 7,563 17,568 (57.0%) Total direct written premiums $ 87,467 $ 91,132 (4.0%) Expand Assumed Written Premium Produced by Belmont Segments For the Three Months Ended March 31, 2025 2024 % Change Belmont Core $ 10,922 $ 2,916 274.6% Belmont Non-Core 199 (652 ) 130.5% Total assumed written premiums $ 11,121 $ 2,264 391.2% Expand GLOBAL INDEMNITY GROUP, LLC CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Dollars and shares in thousands, except per share data) For the Three Months Ended March 31, 2025 2024 Gross written premiums $ 98,675 $ 93,488 Net written premiums $ 95,864 $ 92,085 Net earned premiums $ 93,316 $ 96,579 Net investment income 14,782 14,520 Net realized investment gains 136 847 Other income 417 345 Total revenues 108,651 112,291 Net losses and loss adjustment expenses 66,738 53,384 Acquisition costs and other underwriting expenses 37,507 38,269 Corporate expenses 9,500 6,373 Income (loss) before income taxes (5,094 ) 14,265 Income tax expense (benefit) (1,105 ) 2,899 Net income (loss) (3,989 ) 11,366 Less: preferred stock distributions 110 110 Net income (loss) available to common shareholders $ (4,099 ) $ 11,256 Per share data: Net income (loss) available to common shareholders (1) Basic $ (0.30 ) $ 0.83 Diluted $ (0.30 ) $ 0.82 Weighted-average number of shares outstanding Basic 13,867 13,579 Diluted 13,867 13,687 Cash distributions declared per common share $ 0.35 $ 0.35 Combined ratio analysis: Loss ratio 71.5 % 55.3 % Expense ratio 40.2 % 39.6 % Combined ratio 111.7 % 94.9 % Expand (1) For the quarter ended March 31, 2025, 'weighted average shares outstanding - basic' was used to calculate 'diluted earnings per share' due to a net loss for the period. Expand GLOBAL INDEMNITY GROUP, LLC CONSOLIDATED BALANCE SHEETS (Dollars in thousands) (Unaudited) March 31, 2025 ASSETS Fixed maturities: Available for sale, at fair value (amortized cost: $1,323,666 and $1,394,639; net of allowance for expected credit losses of $0 at March 31, 2025 and December 31, 2024) $ 1,315,399 $ 1,381,908 Equity securities, at fair value 12,408 12,284 Other invested assets 23,915 29,413 Total investments 1,351,722 1,423,605 Cash and cash equivalents 81,146 17,009 Premium receivables, net of allowance for expected credit losses of $3,475 at March 31, 2025 and $3,530 at December 31, 2024 67,844 75,088 Reinsurance receivables, net of allowance for expected credit losses of $8,992 at March 31, 2025 and December 31, 2024 69,542 66,855 Funds held by ceding insurers 24,920 30,026 Deferred income taxes 22,899 22,459 Deferred acquisition costs 41,689 41,136 Intangible assets 14,015 14,103 Goodwill 4,820 4,820 Prepaid reinsurance premiums 3,436 3,320 Receivable for securities — 52 Income tax receivable 605 825 Lease right of use assets 9,102 9,295 Other assets 21,866 22,660 Total assets $ 1,713,606 $ 1,731,253 LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities: Unpaid losses and loss adjustment expenses $ 794,848 $ 800,391 Unearned premiums 186,076 183,411 Reinsurance balances payable 2,786 8,181 Payable for securities purchased 1,098 — Contingent commissions 3,386 6,826 Lease liabilities 9,860 10,371 Other liabilities 28,501 32,924 Total liabilities $ 1,026,555 $ 1,042,104 Shareholders' equity: Series A cumulative fixed rate preferred shares, $1,000 par value; 100,000,000 shares authorized, shares issued and outstanding: 4,000 and 4,000 shares, respectively, liquidation preference: $1,000 per share and $1,000 per share, respectively 4,000 4,000 Common shares: no par value; 900,000,000 common shares authorized; class A common shares issued: 11,768,844 and 11,202,355, respectively (inclusive of class A common shares designated as class A-2 common shares of 550,000 and 0, respectively); class A common shares outstanding: 10,481,076 and 9,914,587, respectively (inclusive of class A common shares designated as class A-2 common shares of 550,000 and 0, respectively); class B common shares issued and outstanding: 3,793,612 and 3,793,612, respectively — — Additional paid-in capital (1) 463,072 459,578 Accumulated other comprehensive income (loss), net of tax (6,913 ) (10,410 ) Retained earnings (1) 259,584 268,673 Class A common shares in treasury, at cost: 1,287,768 and 1,287,768 shares, respectively (32,692 ) (32,692 ) Total shareholders' equity 687,051 689,149 Total liabilities and shareholders' equity $ 1,713,606 $ 1,731,253 Expand (1) Since the Company's initial public offering in 2003, the Company has returned $634 million to shareholders, including $522 million in share repurchases and $112 million in dividends/distributions. Expand GLOBAL INDEMNITY GROUP, LLC SELECTED INVESTMENT DATA (Dollars in millions) Market Value as of Fixed maturities $ 1,315.4 $ 1,381.9 Cash and cash equivalents 81.1 17.0 Total fixed maturities and cash and cash equivalents 1,396.5 1,398.9 Equities and other invested assets 36.4 41.7 Total cash and invested assets, gross 1,432.9 1,440.6 Receivable/(payable) for securities sold/(purchased) (1.1 ) 0.1 Total cash and invested assets, net $ 1,431.8 $ 1,440.7 Expand Total Pre-Tax Investment Return For the Three Months Ended March 31, (Unaudited) 2025 2024 Net investment income $ 14.8 $ 14.5 Net realized investment gains 0.1 0.8 Net unrealized investment gains 4.4 3.6 Net realized and unrealized investment return 4.5 4.4 Total investment return $ 19.3 $ 18.9 Average total cash and invested assets $ 1,436.2 $ 1,403.9 Total annualized investment return % 5.4 % 5.4 % Expand (1) Operating income (loss), net of tax, excludes preferred shareholder distributions of $0.1 million for each of the three months ended March 31, 2025 and 2024. (2) The operating income (loss) per share calculation is net of preferred shareholder distributions of $0.1 million for each of the three months ended March 31, 2025 and 2024. Expand Note Regarding Operating Income (Loss) Operating income (loss), a non-GAAP financial measure, is equal to net income (loss) excluding after-tax net realized investment gains and other unique charges not related to operations. Operating income (loss) is not a substitute for net income (loss) determined in accordance with GAAP, and investors should not place undue reliance on this measure. Reconciliation of non-GAAP financial measures and ratios The tables below reconcile the non-GAAP financial measures or ratios, which excludes the impact of prior accident year adjustments and the California Wildfires, to its most directly comparable GAAP measure or ratio. The Company believes the non-GAAP financial measures or ratios are useful to investors when evaluating the Company's underwriting performance as trends in the Company's segments may be obscured by prior accident year adjustments and the California Wildfires. These non-GAAP financial measures or ratios should not be considered as a substitute for its most directly comparable GAAP measure or ratio and do not reflect the overall underwriting profitability of the Company. For the Three Months Ended March 31, Consolidated current accident year underwriting income excluding California Wildfires Underwriting income (loss) (1) $ (10,512 ) $ 5,271 Effect of prior accident year 184 1 Current accident year underwriting income (loss) (10,328 ) 5,272 California Wildfires net losses and loss adjustment expenses 15,600 — Current accident year underwriting income excluding California Wildfires (2) $ 5,272 $ 5,272 Belmont Core underwriting income excluding California Wildfires Underwriting income (loss) (1) $ (11,582 ) $ 5,635 California Wildfires net losses and loss adjustment expenses 15,600 — Underwriting income excluding California Wildfires (2) $ 4,018 $ 5,635 Consolidated underwriting income excluding California Wildfires Underwriting income (loss) (1) $ (10,512 ) $ 5,271 California Wildfires net losses and loss adjustment expenses 15,600 — Underwriting income excluding California Wildfires (2) $ 5,088 $ 5,271 Net income available to common shareholders excluding California Wildfires Net income (loss) available to common shareholders (1) $ (4,099 ) $ 11,256 California Wildfires net losses and loss adjustment expenses (net of tax) (3) 12,216 — Net income available to common shareholders excluding California Wildfires (2) $ 8,117 $ 11,256 Operating income excluding California Wildfires Operating income (loss) (4) $ (4,095 ) $ 10,692 California Wildfires net losses and loss adjustment expenses (net of tax) (3) 12,216 — Operating income (loss) excluding California Wildfires (2) $ 8,121 $ 10,692 Current accident year combined ratio excluding California Wildfires Combined ratio (1) 111.7 % 94.9 % Effect of prior accident year (0.2 %) — Current accident year combined ratio 111.5 % 94.9 % Impact of California Wildfires (16.7 %) — Current accident year combined ratio excluding California Wildfires (2) 94.8 % 94.9 % Expand (1) Most directly comparable GAAP measure / ratio (2) Non-GAAP financial measure / ratio (3) Represents net losses and loss adjustment expenses of $15.6 million less tax benefit of $3.4 million which was calculated using the estimated annual effective tax rate of 21.7%. (4) See previous table for reconciliation of operating income (loss) to net income (loss) which is the most directly comparable GAAP measure. Expand About Global Indemnity Group, LLC and its subsidiaries Global Indemnity Group, LLC (NYSE:GBLI) is a publicly listed holding company for property and casualty insurance-related businesses. Global Indemnity holds controlling interests in: Penn-America Underwriters, LLC consists of (i) three agencies: Penn-America Insurance Services, LLC, J.H. Ferguson, LLC, which includes the Vacant Express division, and Collectibles Insurance Services, LLC that source, underwrite, and service policies and (ii) two strategic insurance product and service businesses: Liberty Insurance Adjustment Agency, Inc. a claims adjustment and claims service business and Kaleidoscope Insurance Technologies, Inc., a proprietary insurance software and services provider. Belmont Holdings GX, Inc. includes five state-regulated insurance carriers: Penn-Patriot Insurance Company, Diamond State Insurance Company, Penn-Star Insurance Company, Penn-America Insurance Company, and United National Insurance Company, each of which are rated 'A' (Excellent) by AM Best. Belmont Asset Management ('BAM'), works with property & casualty insurance companies to enhance investment portfolio performance. For more information, visit the Company's website at Forward-Looking Information The forward-looking statements contained in this press release 1 do not address a number of risks and uncertainties. Investors are cautioned that Global Indemnity's actual results may be materially different from the estimates expressed in, or implied, or projected by, the forward looking statements. These statements are based on estimates and information available to us at the time of this press release. All forward-looking statements in this press release are based on information available to Global Indemnity as of the date hereof. Please see Global Indemnity's filings with the Securities and Exchange Commission for a discussion of risks and uncertainties which could impact the Company and for a more detailed explication regarding forward-looking statements. Global Indemnity does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. [1] Disseminated pursuant to the "safe harbor" provisions of Section 21E of the Security Exchange Act of 1934.
Yahoo
04-04-2025
- Business
- Yahoo
US Undiscovered Gems To Watch In April 2025
In the wake of recent market turbulence sparked by President Trump's sweeping tariffs, U.S. stock indexes have experienced their most significant declines since 2020, with small-cap stocks particularly impacted. Amidst this volatile environment, investors might find potential opportunities in lesser-known companies that demonstrate resilience and adaptability to changing economic conditions. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Wilson Bank Holding NA 7.87% 8.22% ★★★★★★ Oakworth Capital 31.49% 14.78% 4.46% ★★★★★★ Cashmere Valley Bank 15.62% 5.80% 3.51% ★★★★★★ Omega Flex NA -0.52% 0.74% ★★★★★★ ASA Gold and Precious Metals NA 7.47% -26.86% ★★★★★★ Teekay NA -0.89% 62.53% ★★★★★★ FRMO 0.08% 38.78% 45.85% ★★★★★☆ Nanophase Technologies 33.45% 23.87% -3.75% ★★★★★☆ First IC 38.58% 9.04% 14.76% ★★★★☆☆ Reitar Logtech Holdings 31.39% 231.46% 41.38% ★★★★☆☆ Click here to see the full list of 280 stocks from our US Undiscovered Gems With Strong Fundamentals screener. Let's explore several standout options from the results in the screener. Simply Wall St Value Rating: ★★★★☆☆ Overview: Global Indemnity Group, LLC operates through its subsidiaries to offer specialty property and casualty insurance and reinsurance products in the United States, with a market capitalization of approximately $490.48 million. Operations: The company generates revenue primarily from its Penn-America segment, contributing $371.14 million, and non-core operations adding $7.22 million. Unallocated net investment income is reported at $62.38 million, with a minor contribution from unallocated net realized investment gains of $0.46 million. Global Indemnity Group, with its strategic focus on InsurTech and catastrophe management, is eyeing growth through Project Manifest. This initiative aims to boost operational efficiency and explore new underwriting opportunities. The company has seen earnings grow by 71% over the past year, outpacing the insurance industry's 22%. With a price-to-earnings ratio of 11.3x against the US market's 17.7x and no debt compared to a debt-to-equity ratio of 42% five years ago, it presents a solid financial footing. However, challenges like high expense ratios and wildfire modeling risks could impact future performance despite projected annual revenue growth of 10%. Global Indemnity Group's growth hinges on InsurTech initiatives and Project Manifest. Click here to explore the full narrative on the company's strategic positioning. Simply Wall St Value Rating: ★★★★★★ Overview: Lindsay Corporation, with a market cap of $1.42 billion, offers water management and road infrastructure products and services both in the United States and internationally. Operations: Lindsay generates revenue through its offerings in water management and road infrastructure sectors. The company's net profit margin is 6.5%, indicating its efficiency in converting sales into actual profit after expenses. Lindsay Corporation, a notable player in the irrigation and infrastructure sectors, is gaining traction with its strategic focus on international markets like MENA. Recent earnings show a solid performance with second-quarter sales hitting US$187 million, up from US$151 million last year, while net income rose to US$26.58 million from US$18.12 million. The company has reduced its debt-to-equity ratio significantly over five years to 22.3%, enhancing financial stability. With earnings growth of 11% surpassing the industry average and trading at 20.8% below estimated fair value, Lindsay appears well-positioned for future expansion despite regional market challenges. Lindsay's strategic focus on the MENA region offers significant growth potential. Click here to explore the full narrative on Lindsay's investment thesis. Simply Wall St Value Rating: ★★★★★☆ Overview: MoneyLion Inc. is a financial technology company that offers personalized products and financial content to consumers in the United States, with a market cap of $984.51 million. Operations: Revenue from data processing amounted to $545.91 million. MoneyLion, a nimble player in the fintech space, has turned profitable with net income of US$9.15 million for 2024, bouncing back from a US$45.25 million loss the previous year. Revenue jumped to US$545.91 million from US$423.43 million, indicating robust growth as it expands into credit cards and mortgages. The firm's debt-to-equity ratio improved significantly over five years to 40.7%, showcasing better financial management despite interest payments being poorly covered by EBIT at 1.1x coverage. With earnings projected to rise annually by 77%, MoneyLion's strategic moves could enhance its market position amidst industry challenges like high acquisition costs and regulatory shifts. MoneyLion's strategic expansion into new verticals aims to significantly enhance revenue opportunities. Click here to explore the narrative behind MoneyLion's growth strategy. Access the full spectrum of 280 US Undiscovered Gems With Strong Fundamentals by clicking on this link. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. 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. Companies discussed in this article include NYSE:GBLI NYSE:LNN and NYSE:ML. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
