Sapiens International Corporation N.V. Common Shares (Cayman Islands) - SPNS STOCK NEWS

Sapiens International Corporation (NASDAQ: SPNS) announced it will report its financial results for the first quarter of 2023 on May 3, 2023. A conference call is scheduled for the same date at 9:30 a.m. Eastern Time, where management will discuss the results. The company, which specializes in software solutions for the insurance sector, serves over 600 customers across 30 countries. Sapiens offers a cloud-based SaaS platform that supports digital transformation for insurers, covering various markets including property and casualty insurance. Investors and analysts can access the live webcast of the call on Sapiens' website.

Sapiens International Corporation has announced a cash dividend of $0.25 per share, totaling $13.8 million, reflecting solid financial performance for the second half of 2022. The dividend aligns with the company’s policy of distributing up to 40% of annual non-GAAP net income on a semi-annual basis. It will be paid on April 24, 2023, to shareholders of record as of April 10, 2023. This move demonstrates the company's confidence in its ability to execute strategic initiatives effectively while rewarding shareholders for their loyalty.

Sapiens International Corporation N.V. (NASDAQ: SPNS) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission (SEC). This report includes audited financial statements and is accessible on both the SEC's website and Sapiens' investor relations page. Sapiens, a software solution provider for the insurance industry, aims to facilitate digital transformation through its comprehensive insurance platform which serves over 600 customers across 30 countries.

Sapiens International Corporation (NASDAQ: SPNS) announced the launch of a new Customer Acquisition solution in collaboration with EquiTrust. This innovative product allows EquiTrust's marketing partners to streamline the process of illustrating, selling, and completing digital applications for a new Annuity/Long Term Care hybrid product named Bridge. Utilizing Sapiens' IllustrationPro and ApplicationPro, the solution significantly improves customer engagement and reduces NIGO (not in good order) applications. The launch reflects a successful digital transformation strategy, completed in under six months, and enhances offering personalization for EquiTrust's marketing partners.

EmPRO Insurance Company reported a remarkable 211% increase in electronic payment adoption during its first year using InvoiceCloud’s integrated solution. Following its implementation in May 2021, the company also observed a 7x increase in AutoPay adoption among policyholders. The integration enables various payment methods, including digital wallets, and enhances user experience through automated notifications and seamless invoice access. The collaboration has reduced call volumes and manual payment processing, allowing the staff to focus on other critical tasks. CFO Adam Petersen stated that InvoiceCloud transformed their payments process.

Sapiens International Corporation (NASDAQ: SPNS) announced its Q4 2022 financial results, revealing revenue of $119.5 million, a slight increase of 0.2% year-over-year. Despite this, non-GAAP revenue showed a slight decline of 0.3%. Gross profit rose to $50.3 million, yielding a gross margin of 42.1%. The operating income was $16.5 million, with a margin of 13.8%. For the full year 2022, revenue reached $474.8 million, a 3.0% increase, while gross profit rose by 6.6% to $200.2 million. The company announced 2023 guidance, projecting non-GAAP revenue between $502 million and $507 million. Sapiens aims to expand its North American market presence and increase cloud customer migration.

Sapiens International Corporation (NASDAQ: SPNS) announced the full launch of its CoreSuite for Life & Pensions in partnership with South Africa's Hollard Group Risk (HGR). This marks Sapiens' first Group Risk implementation in South Africa. HGR will replace its legacy systems, leveraging Sapiens' cloud-first solution to improve operational efficiency and reduce costs. The collaboration is expected to drive growth and enhance customer experience. Sapiens aims to expand this partnership with the future launch of Sapiens Intelligence, a data and analytics solution to provide actionable insights.

Sapiens International Corporation (NASDAQ: SPNS) has been selected by MS Amlin Insurance to overhaul its legacy core systems in France, Belgium, and the Netherlands using the Sapiens Core P&C Platform and Reinsurance module. The initiative aims to enhance operational efficiency and consistency, ultimately leading to cost savings by replacing outdated applications. The project will start in France and expand to additional countries. Sapiens' cloud-based IDITSuite will support various functions including policy management and claims processing, underpinned by advanced data analytics for improved underwriting and reduced claims expenses.