Life insurer Life Partners Holdings Inc. (LPHI) Friday said it expects to report a 5% year-over-year increase in net income and a 9% growth in revenues for the fiscal year 2010.
The company now projects fiscal 2010 net income of $28.4 million or $1.91 per share, up 5% from net income of $27.2 million or $1.83 per split adjusted share reported in the previous year.
The Waco, Texas-based insurer said latest year earnings were affected by a non-recurring, non-operational charge in the fourth quarter due to a decrease in market value of publicly traded securities acquired about five years ago, amid the challenging general securities markets.
Excluding the one-time charge, the company estimates full year earnings would have been $2.04 per share.
Analysts polled by Thomson Reuters expects the company to report earnings of $2.18 per share for the year. Analysts' estimates typically excludes one-time items.
Life Partners now expects annual revenues of $113 million, up from $104 million generated a year ago. Analysts currently looking for revenues of $119.47 million for the year.
For the year, the company also expects a 11% year-over-year growth in income from operations to $45 million.
LPHI is currently trading at $21.64 per share, up $0.33 or 1.55%, on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.