Sapiens International

Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1982 and is headquartered in Holon, Israel.

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Sapiens International reports solid Q2 growth and eyes global expansion

Sapiens International's Q2 performance reflects revenue growth, operational efficiency, and successful product launches.
The company's strengths lie in strategic investments, global market presence, and focus on digital transformation.
Challenges include market competition, technology integration, and maintaining cost-effectiveness.
Opportunities for Sapiens include North America expansion, innovation in AI solutions, and global market exploration.

Sapiens reports revenue growth in Q3 amidst SaaS transition

Sapiens International (SPNS) demonstrated revenue growth and profitability in Q3 2024, driven by North America success.
While facing challenges from the transition to a SaaS model, the company maintains a strong focus on innovation and expense management.
Opportunities lie in leveraging AI capabilities, expanding customer base, and solidifying market position in the insurance industry.

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Sapiens International Corporation N.V. (NASDAQ:SPNS ) Q3 2023 Earnings Conference Call November 8, 2023 9:30 AM ET Company Participants Yaffa Cohen-Ifrah – Chief Marketing Officer and Head-Investor Relations Roni Al-Dor – President and Chief Executive Officer Roni Giladi – Chief Financial Officer Alex Zukerman – Chief Strategy Officer Conference Call Participants Dylan Becker – William Blair Kevin Kumar – Goldman Sachs Chris Reimer – Barclays Omri Lapidot – Leumi Partners Operator Welcome to Sapiens International Corporation's 2023 Third Quarter Financial Results Call.

Sapiens International Corporation N.V. (SPNS) Q3 2023 Earnings Call Transcript

HOLON, Israel , Nov. 8, 2023 /PRNewswire/ --  Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the third quarter ended September 30, 2023. Summary Results for Third Quarter 2023 (USD in millions, except per share data) GAAP   Non-GAAP   Q3 2023   Q3 2022   % Change   Q3 2023   Q3 2022   % Change   Revenue   $130.7   $119.0   9.8 %   $130.8   $119.0   9.9 %   Gross Profit   $56.0   $50.3   11.3 %   $59.3   $53.5   10.7 %   Gross Margin   42.8 %   42.2 %   60 bps   45.3 %   45.0 %   3 0 bps   Operating Income   $20.3   $16.6   22.4 %   $24.1   $20.9   15.1 %   Operating Margin   15.5 %   13.9 %   160 bps   18.4 %   17.6 %   80 bps   Net Income (*)   $15.9   $13.4   18.5 %   $19.1   $16.9   13.1 %   Diluted EPS   $0.28   $0.24   16.7 %   $0.34   $0.30   13.3 %   (*) Attributable to Sapiens' shareholders Roni Al-Dor, President and CEO of Sapiens, stated, "In the third quarter, we delivered strong revenues growth, of 10% to reach $130.8 million, driven by growth in our European and North America regions.

Sapiens Reports Third Quarter 2023 Financial Results

The Summit included more than 500 participants from over 110 insurance companies, customers, and partners ROCHELLE PARK, N.J. , Oct. 30, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, hosted its annual North America Customer Summit in Tucson, Arizona on October 23-25, 2023.

Sapiens Hosted Annual North America Customer Summit in Tucson, Arizona

HOLON, Israel , Oct. 26, 2023 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the third quarter 2023, on Wednesday, November 8,  2023. Management will host a conference call and webcast on November 8, 2023, at 9:30 a.m.

SAPIENS TO ANNOUNCE THIRD QUARTER 2023 FINANCIAL RESULTS ON NOVEMBER 8, 2023

TUCSON, Ariz., Oct. 25, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of Sapiens Decision Model.AI, integrating Microsoft Azure OpenAI Service into Sapiens Decision to transform the way that business decision models are created.

Sapiens Introduces Decision Model.AI, a Generative AI Solution to Enhance Automation Speeds, Integrating Microsoft Azure OpenAI Service

AAFMAA Partners with Sapiens for an Enhanced and Timely Personalized Digital Experience ROCHELLE PARK, N.J. , Sept. 19, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that the American Armed Forces Mutual Aid Association (AAFMAA), a non-profit financial solutions provider for military families and Veterans, has selected Sapiens' Pro Series Customer Acquisition SaaS solution, consisting of Sapiens' ApplicationPro, IllustrationPro, UnderwritingPro, and Intelligence, as a part of its legacy modernization and automation initiative.

AAFMAA Selects Sapiens to Modernize Customer Acquisition Processes

Sapiens (SPNS) is benefiting from an expanding clientele, thanks to a robust portfolio and strong partner base.

Sapiens (SPNS) Rides on Strong Clientele & Solid Partner Base

Sapiens CoreSuite for Life & Pensions was chosen for its speed to market and quick implementation time HOLON, Israel , Sept. 7, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a tier-1 bank in South Africa, a long standing customer of Sapiens, is extending their use of Sapiens CoreSuite for Life & Pensions to launch their Group Risk proposition.

Tier-One Bank in South Africa Extends Relationship with Sapiens CoreSuite for Life & Pensions for New Line of Business

Sapiens IDITSuite core solution for short term (P&C) business was chosen to improve time-to-market and reduce complexity for new insurance products HOLON, Israel , Aug. 23, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a tier-1 bank in South Africa went live with Sapiens IDITSuite for Property & Casualty in Namibia as the core system for its short term (non-Life) insurance business there. The bank has already been using IDITSuite for its core short term operations in South Africa, in addition to Sapiens CoreSuite for Life & Pensions for its Life & Annuities business.

Tier-One South African Bank Goes Live Extending its Sapiens Relationship into New Territory

Sapiens CoreSuite for Life and Pensions coupled with Sapiens Intelligence, hosted by Sapiens Cloud Services will support Aktia's ambitions to expand their Life business HOLON, Israel , Aug. 16, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Aktia Life, one of Finland's top life insurers with approximately 100,000 customers, has chosen Sapiens as their partner to lead their core system transformation via Sapiens CoreSuite for Life and Pensions. Sapiens was selected for its proven experience in complex insurance ecosystem integrations, providing an end-to-end, cloud-first, digitally enhanced platform for individual and group products, across Life, Wealth and Pension insurances.

Aktia Life Selects Sapiens to Transform its Core Life Insurance Systems

Sapiens' CoreSuite for Workers Compensation, DigitalSuite, and Sapiens Intelligence will improve efficiency and automation, delivered through Sapiens' SaaS platform ROCHELLE PARK, N.J. , Aug. 7, 2023 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that The South Carolina State Accident Fund (SAF), a state agency that offers guaranteed workers' compensation insurance for governmental entities, has selected Sapiens CoreSuite for Workers Compensation to provide a more intuitive system with detailed workflow automation.

The South Carolina State Accident Fund Selects Sapiens to Automate and Modernize Its Workers Compensation and Digital Processes

Sapiens International Corporation N.V. (NASDAQ:SPNS ) Q2 2023 Results Conference Call August 2, 2023 9:30 AM ET Company Participants Yaffa Cohen-Ifrah - Chief Marketing Officer and Head, IR Roni Al-Dor - President and CEO Roni Giladi - CFO Conference Call Participants Mayank Tandon - Needham & Company Dylan Becker - William Blair Surinder Thind - Jefferies Kevin Kumar - Goldman Sachs Chris Reimer - Barclays Operator Welcome to Sapiens International Corporation's 2023 Second Quarter Financial Results Call.

Sapiens International Corporation N.V. (SPNS) Q2 2023 Earnings Call Transcript

Sapiens (SPNS) came out with quarterly earnings of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.27 per share a year ago.

Sapiens (SPNS) Q2 Earnings Meet Estimates

HOLON, Israel , Aug. 2, 2023 /PRNewswire/ --  Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the second quarter ended June 30, 2023.     Summary Results for Second Quarter 2023 (USD in millions, except per share data) GAAP Non-GAAP Q2 2023 Q2 2022 % Change Q2 2023 Q2 2022 % Change Revenue $128.3 $118.6 8.2 % $128.4 $118.6 8.2 % Gross Profit $54.7 $50.2 9.0 % $58.0 $53.2 9.0 % Gross Margin 42.6 % 42.3 % 30 bps 45.2 % 44.9 %   3 0 bps Operating Income $19.6 $16.9 16.0 % $23.4 $20.7 12.9 % Operating Margin 15.3 % 14.3 %   100 bps 18.2 % 17.5 %   70 bps Net Income (*) $15.4 $11.9 29.3 % $18.6 $15.0 24.2 % Diluted EPS $0.28 $0.21 33.3 % $0.33 $0.27 22.2 % (*) Attributable to Sapiens' shareholders   "Sapiens achieved a strong second quarter, with 8.2% revenue growth and 18.2% operating margin, driven by significant growth in North American and European markets," stated Roni Al-Dor, President and CEO of Sapiens.

Sapiens Reports Second Quarter 2023 Financial Results

ROCHELLE PARK, N.J. , July 31, 2023 /PRNewswire/ --Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens ReinsuranceMaster was recognized as a "Luminary" solution in Celent's 2023 Ceded Reinsurance Solutions Global Report.

Sapiens ReinsuranceMaster Platform Named as "Luminary" Solution in Celent Ceded Reinsurance Solutions Global Report

ROCHELLE PARK, N.J. , July 24, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens CoreSuite for Life & Annuities was recognized as a "Luminary" solution in Celent's 2023 North American Individual Life PAS report.

Sapiens CoreSuite for Life & Annuities Platform Named as a "Luminary" PAS Solution by Celent in North America

Sapiens CoreSuite is recognized as a "Luminary" PAS solution excelling in both Advanced Technology and Breadth of Functionality in EMEA HOLON, Israel , July 20, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens CoreSuite for Life & Pensions has won Celent's 2023 XCelent award for the Breadth of Functionality category in the EMEA region.   Research and consulting firm Celent analyzed 35 policy administration systems for life and pension insurance, using the Celent ABC Vendor View, a resource for identifying premier technology solutions serving the insurance and financial industries.

Sapiens CoreSuite for Life & Pensions Wins 2023 Celent XCelent Award

HOLON, Israel , July 17, 2023 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the second quarter 2023, on Wednesday, August 2, 2023. Management will host a conference call and webcast on August 2, 2023, at 9:30 a.m.

SAPIENS TO ANNOUNCE SECOND QUARTER 2023 FINANCIAL RESULTS ON AUGUST 2, 2023

The expanded agreement will now include Sapiens Cloud Services for a ten-year period HOLON, Israel , July 13, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that LocalTapiola Life (LT), Finland's fourth-largest life insurer, has chosen to expand its partnership and will include Sapiens Cloud Services for a ten-year period. This underscores Sapiens' earlier agreement to implement LT's core system transformation by replacing its current eight separate Policy Administration Systems with Sapiens CoreSuite for Life and Pensions.

LocalTapiola Life Expands Relationship with Sapiens to Transform its Core Life Insurance Systems

Sapiens International Corporation N.V. provides a range of insurance industry software and managed services worldwide. Management has raised its 2023 top-line revenue growth expectation to 7.3%. While that growth would more than double 2022's growth, I'm cautious on its prospects for doing so as well as its already full valuation.

Sapiens International Expects Higher Revenue Growth In 2023

Sapiens (SPNS) is benefiting from a strong presence in DACH countries, a robust portfolio and an expanding clientele.

Sapiens (SPNS) Rides on Strong DACH Presence & Partner Base

Company continues investment in product, sales and support across the DACH region with plans for further widening its product offering to life & annuities HAMBURG, Germany and NEW YORK , June 23, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, has significantly strengthened its presence in DACH countries, as it furthers its strategy to expand business and provide more innovative technology to the region's insurance market. Sapiens has made significant investment in the region expanding its P&C and Digital products and increasing its sales and support team.

Sapiens Strengthens Presence in DACH for Further Growth & Expansion Across the Region

Penn National Insurance Partners with Sapiens for Greater Reinsurance Modernization and Automation ROCHELLE PARK, N.J. , June 6, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Penn National Insurance, a super-regional P&C mutual insurance company, has selected Sapiens ReinsurancePro solution as a part of its multiyear legacy modernization and automation initiative.

Penn National Insurance Partners with Sapiens to Optimize Reinsurance Processes

Sapiens CoreSuite for Life and Pensions coupled with Sapiens Cloud Services provides a turnkey solution for expanding Absa's life business HOLON, Israel , May 31, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Absa Life, the leading life insurance provider in South Africa in the Consulta South African Customer Satisfaction Index (SA-csi), has chosen Sapiens as their partner to lead their non-underwritten products system transformation. Absa Life intends to implement Sapiens Digital Front End, CoreSuite and BI Intelligence for Life and Pensions, supported by Sapiens Cloud Services, running on AWS.

Absa Life Selects Sapiens to Implement and Modernize its Non-Underwritten Life Insurance Systems

HOLON, Israel , May 30, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, hosted its annual International Client Conference in Barcelona on May 22-24. Attendees included insurance customers and prospects, leading industry experts from Microsoft, Celent, and ecosystem insurtech partners.

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