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Sapiens Sets New Precedent with $36.9 Million Cash Dividend

Rochelle Park, N.J. – Sapiens International Corporation N.V. (NASDAQ: SPNS), a prominent global provider of cutting-edge software solutions tailored for the insurance sector, has made headlines by officially announcing a cash dividend amounting to $16.8 million, translating to $0.30 per share for its shareholders. This dividend is reflective of the company's impressive performance in the latter half of 2024.

Both the announcement and execution of this dividend align with Sapiens' ongoing commitment to return value to its investors, adhering to their established policy to disburse up to 40% of its annual non-GAAP net income on a semi-annual basis. Scheduled to be paid on April 16, 2025, this dividend is set for all shareholders recorded by April 7, 2025.

Special Cash Dividend Approval

In an additional show of confidence and appreciation for their steadfast shareholders, Sapiens' Board has also endorsed a special cash dividend of $20.1 million, or $0.36 per share. Consequently, the cumulative cash dividend distribution for 2024 totals an impressive $36.9 million, or $0.66 per share. This amount is subject to a withholding tax imposed by Israeli authorities at a rate of 25% on the payable dividend to each recorded shareholder.

Roni Al-Dor, President and CEO of Sapiens, highlighted, “Our decision to declare this special dividend showcases Sapiens’ solid financial standing and our relentless confidence in our strategic plans.” He further expressed gratitude towards shareholders, stating, “This distribution underscores our unwavering commitment to our investors and reflects the successful execution of our growth strategies.”

Positive Market Performance

Mr. Al-Dor alongside the management team confirmed that the second part of 2024 notably outperformed expectations in key territories, particularly in North America and Europe. The rise in revenues from these significant markets reinforces Sapiens' strategic positioning and market confidence during an era filled with fluctuations and uncertainties throughout various economic sectors.

The management expressed optimism about sustaining this growth trajectory. “We are immensely thankful to our shareholders, customers, partners, and staff for their constant support. Together, we look to amplify our growth journey in the forthcoming years,” affirmed Al-Dor. Their growing influence across 30 countries, supporting over 600 clients, exemplifies how Sapiens is continuously innovating amidst a swift-changing marketplace.

About Sapiens International Corporation

Sapiens International Corporation stands as a beacon for intelligent, SaaS-based software solutions within the insurance sphere. Through its robust platform and customer-focused collaborations, Sapiens aids insurance entities in future-proofing their operations against the backdrop of a rapidly evolving environment. By leveraging the latest technology advancements, including AI and advanced automation, Sapiens empowers insurers in various facets—ranging from property and casualty, workers' compensation, to life insurance, reinstate management, and essential financial compliance solutions.

With such a profound footprint in the insurance industry, Sapiens is recognized by various industry connoisseurs and was notably selected for Microsoft’s Top 100 Partner program, underpinning the company’s commitment to driving transformative success for its clients.

As the company gears up for future endeavors with an eye on increased market presence, shareholders and potential investors can stay updated through ongoing communications that guarantee transparency and insight into their operational achievements.

For detailed information regarding their current offerings and future plans, visit Sapiens or connect with them on LinkedIn, as they embark on a journey of continuous development, innovation, and enhanced service delivery.