Q4 2023 Earnings Summary
Reported on Feb 7, 2024 (After Market Close)
Pre-Earnings Price$175.35Last close (Feb 7, 2024)
Post-Earnings Price$175.27Open (Feb 8, 2024)
Price Change
$-0.08(-0.05%)
- Substantial fee income growth in Global Lifestyle segment, driven by higher trade-in volumes and new programs with major OEMs, indicating strong performance and successful expansion.
- Effective management in Auto business with significant rate adjustments leading to expected improvement in 2024 and beyond, demonstrating proactive measures and positive future outlook.
- Significant expense reductions in Global Housing segment, reducing expense ratio by 6 points from 46% to 40%, and attracting major clients like Bank of America, enhancing profitability and market position.
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