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.

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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.

Sapiens Hosted Annual International Client Conference in Barcelona including over 300 participants from 100 insurance companies & partners

The integration opens up new market opportunities for insurers worldwide BARCELONA, Spain , May 23, 2023 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models and tools for the insurance industry.  Sapiens will integrate Microsoft Azure OpenAI and Azure Power Virtual Agents to provide generative AI solutions for insurance companies, allowing customers to easily navigate complex documents such as policies, terms and conditions, and more, using natural large language AI models.

Sapiens Joins Forces with Microsoft to Leverage Generative AI for Insurers

Sapiens IDITSuite for Property & Casualty coupled with Sapiens Intelligence provides OPES a turnkey solution for expanding its business HOLON, Israel , May 22, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that OPES Insurance Company (OPES), the first digital insurer in Vietnam, has chosen Sapiens IDITSuite to modernize its core insurance business. Sapiens was selected for its strong product configuration, digital API capabilities and proven experience with empowering insurers to achieve digital transformations.

Vietnamese Digital Insurer OPES Chooses Sapiens to Modernize its Core P&C Insurance Systems

Sapiens IllustrationPro will improve the company's speed-to-market by up to 30% ROCHELLE PARK, N.J. , May 18, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that an industry-leading Midwest (U.S.) Life & Annuities insurer with a nationwide network of financial advisors has chosen Sapiens to modernize its annuity business line.

U.S. Fortune-500 Insurer Chooses Sapiens to Digitally Transform Their Annuity Business

Sapiens' CoreSuite for P&C SaaS solution will improve performance and efficiency ROCHELLE PARK, N.J. , May 17, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Atain, a major property and casualty (P&C) insurance company, has selected Sapiens CoreSuite for P&C SaaS solution to provide its specialty lines with greater automation and standardization.

Atain Selects Sapiens to Automate and Modernize P&C Core Processes

New capability enables even faster decisioning, enhancing the existing Sapiens Decision solution by separating data values embedded within business logic. ROCHELLE PARK, N.J.

New Sapiens Decision Parameter Management (PaM) Accelerates Time-to-Market with Near-Realtime Changes to Business Logic

Sapiens International Corporation N.V. (NASDAQ:SPNS ) Q1 2023 Earnings Conference Call May 3, 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 Kevin Kumar - Goldman Sachs Kyle Peterson - Needham & Co. Dylan Becker - William Blair Chris Reimer - Barclays Surinder Thind - Jefferies Operator Welcome to Sapiens Corporation's 2023 First Quarter Financial Results Call.

Sapiens International Corporation N.V. (SPNS) Q1 2023 Earnings Call Transcript

Sapiens (SPNS) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.31 per share a year ago.

Sapiens (SPNS) Lags Q1 Earnings Estimates

HOLON, Israel , May 3, 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 first quarter ended March 31, 2023.       Summary Results for First Quarter 2023 (USD in millions, except per share data) GAAP Non-GAAP Q1 2023 Q1 2022 % Change Q1 2023 Q1 2022 % Change Revenue $124.7 $117.7 6.0 % $124.8 $117.7 6.0 % Gross Profit $53.0 $49.4 7.3 % $56.4 $52.9 6.5 % Gross Margin 42.5 % 42.0 %  50 bps 45.2 % 45.0 %   2 0 bps Operating Income $18.9 $16.5 14.2 % $22.5 $20.8 8.4 % Operating Margin 15.1 % 14.1 %  100 bps 18.0 % 17.6 %  40 bps Net Income (*) $14.2 $13.9 1.9 % $17.3 $17.3 -0.3 % Diluted EPS $0.26 $0.25 4.0 % $0.31 $0.31 0.0 % (*) Attributable to Sapiens' shareholders "Sapiens delivered a strong first quarter, with operating profit increasing year-over-year by 8.4% on revenue growth of 6%, which resulted in an operating margin of 18.0%," stated Roni Al-Dor, President and CEO of Sapiens.

Sapiens Reports First Quarter 2023 Financial Results

Sapiens sells insurance software for policy, billing, and claims, which is sold to P&C, life, reinsurance, and workers comp insurers. The software is very sticky and customers become more profitable, the longer they have been a Sapiens customer, creating a secular profit margin tailwind.

Sapiens: High-Quality Vertical Software Company, Trading For Trough 15x P/E, Estimates Rising

HOLON, Israel , April 20, 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 first quarter 2023, on Wednesday, May 3 2023. Management will host a conference call and webcast on May 3 2023, at 9:30 a.m.

SAPIENS TO ANNOUNCE FIRST QUARTER 2023 FINANCIAL RESULTS ON MAY 3, 2023

HOLON, Israel , March 29, 2023 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that its board of directors has approved the distribution of a cash dividend, based on 2022 second half results of $0.25 per share or $13.8 million in total.

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