Sapiens Interntl Stock Price, News & Analysis

Sapiens International (NASDAQ: SPNS) has announced significant updates to its IllustrationPro and ApplicationPro solutions for life and annuity insurers. The enhanced IllustrationPro, a recent recipient of Celent's Luminary Award and two XCelent Awards, introduces advanced premium and face amount search capabilities, alongside a new Report Editor for IT-independent report modifications.

The upgraded ApplicationPro features new capabilities including Manager Review for compliance, AI-driven risk detection, and improved API integrations. These enhancements aim to accelerate underwriting, reduce errors, and streamline agent workflows.

IllustrationPro is a cloud-based solution supporting over 4,500 calculations for life, health, and annuity insurance, while ApplicationPro functions as a web-based eApp solution that reduces time-to-issue and eliminates Not in Good Order (NIGO) applications.

Sapiens International (NASDAQ: SPNS) announced that a major U.S. multi-line insurer has expanded their partnership by selecting the Sapiens Insurance Platform for Life & Annuities. The platform includes CoreSuite for Life & Annuities, DataSuite, and Cloud Services.

The implementation represents one of Sapiens' fastest CoreSuite deployments, building upon a decade-long relationship where the insurer has been using Sapiens UnderwritingPro. The new platform will enable seamless integration with the insurer's digital layer through robust APIs, facilitating more efficient customer acquisition.

The solution provides configurable features that enhance product agility and streamline operations, while delivering data-driven insights into agent and customer behavior. This implementation aims to support predictive analytics and improve business retention strategies through the integrated platform's AI-based capabilities.

Sapiens International (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC).

The annual report, which includes the company's audited financial statements, is accessible through the SEC's website and Sapiens' investor relations portal. Shareholders can request a free hard copy of the complete annual report by contacting the company's Chief Marketing Officer and Head of Investor Relations.

Sapiens International (NASDAQ: SPNS) has announced two dividend distributions totaling $36.9 million. The company declared a regular semi-annual cash dividend of $0.30 per share ($16.8 million) based on second-half 2024 results, plus a special cash dividend of $0.36 per share ($20.1 million).

The regular dividend aligns with Sapiens' policy of distributing up to 40% of annual non-GAAP net income semi-annually. Both dividends will be paid on April 16, 2025, to shareholders of record as of April 7, 2025, subject to 25% Israeli tax withholding.

The company reported strong performance in H2 2024, with revenue growth in North America and Europe. Management expressed confidence in continued market strength and cash generation potential.

Sapiens International (NASDAQ: SPNS) announced that Hiscox UK has successfully migrated to the Sapiens Insurance Platform on Sapiens Cloud. The strategic migration from Microsoft Azure has resulted in an average 30% improvement in application speed, enhancing operational productivity and service delivery.

Hiscox, a Sapiens partner since 2014, can now leverage a modern API layer through Sapiens' cloud-native architecture powered by Kubernetes. This enables improved integration with best-of-breed solutions for rating, rules, and document management, along with extended digital trading capabilities.

The platform upgrade provides Hiscox with enhanced capabilities for commercial lines and private clients with significant assets, supporting their strategic goals for business growth and operational excellence.

Sapiens International (NASDAQ: SPNS) has announced that Pioneer Insurance and Surety , the leading insurance provider in the Philippines, has selected the Sapiens Insurance Platform to drive its digital transformation initiative. The platform will support Pioneer's digital strategy and enable quick, cost-effective scaling of operations.

The collaboration aims to upgrade Pioneer's operations through advanced technology implementation, focusing on accelerating product development, automating workflows, and enhancing customer experiences. Pioneer's President and CEO Lorenzo Chan emphasized that the partnership will improve operational efficiency and ensure self-sufficiency through Sapiens' mentorship model.

Sapiens' President and CEO Roni Al-Dor highlighted that this partnership demonstrates the company's growth in the Philippines region and will support Pioneer's ambitious growth goals while enabling superior customer service delivery through automated and digitized operations.

Sapiens International (NASDAQ: SPNS) reported its Q4 2024 financial results, showing revenue of $134.3 million, a 2.6% year-over-year increase. The company's Q4 GAAP net income rose 5.3% to $17.9 million, with diluted EPS of $0.32.

For the full year 2024, revenue increased 5.4% to $542.4 million, with GAAP net income growing 15.6% to $72.2 million. North America led global performance with a 6.3% year-over-year revenue increase. The company's gross margin improved by 120 basis points to 43.9%.

Looking ahead, Sapiens provided 2025 guidance for non-GAAP revenue between $553-558 million and non-GAAP operating profit of $98-102 million, targeting an operating margin of 18% at the midpoint. On a constant currency basis, the projected growth rate would be 3.4% with an operating margin of 18.7%.

Sapiens International (NASDAQ: SPNS) has announced the release of UnderwritingPro v14, an enhanced automated underwriting and business case management system for life & annuities insurers. The new version introduces significant technological improvements, including AI integration with predictive analytics and intelligent insights for faster, more precise underwriting decisions.

Key features include a new agent communication portal that streamlines agent-underwriter interactions, enhanced user-configurable rules for automated underwriting decisions, improved work item configuration for workflow management, and streamlined deployment practices for efficient rule migration across environments.

The solution aims to help insurers automate decisions, optimize underwriting processes, reduce turnaround times, and enhance operational accuracy while providing an improved user experience in the life, health, and annuities sectors.

Sapiens International (NASDAQ: SPNS) has scheduled its Fourth Quarter and Year-End 2024 financial results announcement for February 18, 2025. The company will host a conference call and webcast at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to discuss the results.

Participants can join via phone using toll-free numbers: 1-888-642-5032 (North America), 972-3-9180644 (International), and 0-800-917-5108 (UK). A live webcast will be available on Sapiens' website, with a replay accessible for 90 days following the event.