Group 1 - TransUnion will release its financial results for Q2 2025 on July 24, 2025, at 6:00 a.m. Central Time [1] - A conference call to discuss the financial results will take place on the same day at 8:30 a.m. Central Time [1] - The press release and live webcast of the earnings call will be available on the TransUnion Investor Relations website [1] Group 2 - TransUnion is a global information and insights company with over 13,000 associates in more than 30 countries [2] - The company focuses on providing a reliable representation of individuals in the marketplace through actionable consumer insights [2] - TransUnion has expanded its services beyond core credit to include marketing, fraud, risk, and advanced analytics [2]

Core Insights - TransUnion's analysis indicates a record number of federal student loan borrowers are 90 or more days past due, with many at risk of defaulting soon [1][6] Delinquency Rates - As of April 2025, 31.0% of federal student loan borrowers are 90+ days past due, a significant increase from 20.5% in February 2025 and nearly triple the 11.7% rate in February 2020 [2][4] - The April 2025 delinquency rate is the highest recorded, showing only a modest increase from March 2025's 30.6% [3][5] Borrower Impact - Approximately 5.8 million federal student loan borrowers are reported as 90+ days past due, with only 0.3% currently in default [6] - An estimated 1.8 million of these borrowers could reach default status by July 2025, with an additional one million in August and two million in September [7] Credit Score Effects - Newly delinquent borrowers have experienced an average credit score drop of 60 points, with many shifting down at least one risk tier [2][8] - More than 20% of borrowers reported as 90+ DPD were in prime or above credit risk tiers before delinquency, but fewer than 2% remain in those tiers afterward [8][9] Recommendations for Borrowers - Borrowers at risk of default are encouraged to contact their loan servicers to explore options such as income-driven repayment plans or loan rehabilitation programs [8]

Core Insights - TELUS partners with TransUnion to implement Branded Call Display (BCD), enhancing customer engagement and protecting against call spoofing and fraud [1][2] - A TransUnion survey indicates that 70% of Canadian consumers are likely to answer calls from businesses displaying verified names and logos, while 61% have missed legitimate calls due to fraud concerns [6] Company Collaboration - The partnership aims to provide TELUS customers with rich call content, including business name, logo, and reason for the call, improving the customer experience [1][2] - This collaboration builds on previous successful initiatives, including the first international calls authenticated by STIR/SHAKEN protocols [2] Market Need - The solution addresses a critical need in the Canadian market, where consumers are increasingly concerned about fraud and unwanted calls [2] - Canadians prefer phone calls for critical communications, with 62% for personal matters, 55% for urgent circumstances, and 52% for high-value decisions [6]

Group 1 - Alicia Zuiker has joined TransUnion as Executive Vice President and Chief Human Resources Officer, effective June 23, 2025 [1][2] - Zuiker has extensive experience in leading global talent strategies across various industries, including financial services and technology, and will oversee Human Resources and Communications at TransUnion [2][3] - TransUnion aims for growth and innovation, emphasizing the importance of its workforce in achieving these goals, as stated by President and CEO Chris Cartwright [3] Group 2 - Zuiker's previous roles include Chief People Officer at Lyft and Visby Medical, and she has a strong background in HR leadership from her 14 years at GE [2][3] - TransUnion operates globally with over 13,000 associates in more than 30 countries, focusing on creating trust in the marketplace through reliable consumer representation [4] - The company leverages data and insights to provide innovative solutions beyond credit, including marketing, fraud, risk, and advanced analytics, contributing to economic opportunity and personal empowerment [4]

Core Insights - The TransUnion Q2 2025 Consumer Pulse study indicates a rise in consumer pessimism regarding household finances, with 27% of U.S. consumers expressing concerns, up from 21% in Q4 2024 and 23% a year ago, marking the highest level since Q1 2021 [1][2][3] - Despite the increase in pessimism, 55% of consumers remain optimistic about their finances, consistent with Q2 2024 but down from 58% in Q4 2024 [2][3] - Concerns about tariffs have led to heightened interest in credit products, with 87% of Americans expressing some level of concern about the impact of tariffs on their finances [6][9] Consumer Sentiment - The youngest consumers, Gen Z and Millennials, show the highest levels of optimism at 67% and 64%, respectively [2][3] - A significant portion of consumers (41%) report being very concerned about tariffs, with 37% of this group planning to apply for new credit or refinance existing credit in the next year [6][7] Economic Concerns - Inflation remains the top financial concern for Americans, with 81% ranking it among their top three concerns for the next 12 months [10] - Fears of a recession have increased, with 52% of respondents listing it as a top concern, up from 43% in Q4 2024 [10][11] - Historical context shows that while recession fears are growing, they are not at the highest levels seen two years ago, indicating a complex consumer sentiment landscape [11][12] Credit Market Dynamics - Consumers concerned about tariffs are more likely to seek liquidity credit products, such as credit cards and personal loans, to prepare for potential financial challenges [7][9] - The study suggests that uncertainty in the market often drives consumers to secure new credit options, reflecting a proactive approach to managing financial risks [9][12]

Core Insights - The analysis from TransUnion indicates that sophisticated targeting choices can significantly enhance return on ad spend (ROAS), with potential upsides reaching up to 9x [1][4][8] - The study reveals a performance gap based on audience targeting, where audiences with two optimal traits yield a 3.6x ROAS, and those with three optimal traits yield a 7.2x ROAS [2][4] - Conversely, sub-optimal targeting decisions can lead to severe declines in performance, with mistargeted campaigns experiencing a -90% ROAS [3][4] Targeting Analysis - The analysis evaluated 26 targeting attributes across six categories, including age, income, and neighborhood type, demonstrating that even minor variations can lead to significant changes in ROAS [6][10] - Marketers are encouraged to move beyond broad assumptions and explore precise combinations of targeting attributes to maximize performance [7][8] Methodology - The findings are based on Q4 2024 campaign data from 25 brands across five industries, analyzing a total spend of $1.5 billion and over 18.4 billion events across various media channels [10]

TransUnion analysis finds significant generational differences in migration trends, with implications for insurersCHICAGO, June 11, 2025 (GLOBE NEWSWIRE) -- Americans who relocated in 2024 sought out new locales, with the three most popular locations in the state of Texas—North Houston, Fort Worth and Austin. Overall, consumers left pricier and densely populated urban areas in favor of more affordable cities and suburbs in the southern U.S., according to TransUnion (NYSE: TRU) research focused on migration ...

Summary of TransUnion (TRU) FY Conference Call - June 05, 2025 Company Overview - **Company**: TransUnion (TRU) - **Industry**: Credit Reporting Agencies - **Key Speaker**: Christopher Cartwright, CEO Core Business Model - TransUnion operates as a credit reporting agency, collecting data from approximately 95,000 consumer lending institutions in the U.S. on a monthly basis, which informs lending decisions and provides analytics for lenders [4][5] - The company serves over 35 countries, providing credit reporting information for various consumer lending products including mortgages, student loans, and auto loans [5][6] - TransUnion has expanded its services to include marketing analytics and fraud mitigation, leveraging a persistent consumer identity platform [8][30] Macroeconomic Environment - Consumer health is reported as solid, with high employment and real wage gains, although there are concerns about future economic conditions [9][10] - Delinquency rates remain within reasonable boundaries, but there is an increase in part-time workers wishing for more hours, indicating potential job market slowdowns [10][11] - Lending volumes have stabilized after a decline due to inflation and rising interest rates, with current lending activity described as subdued but stable [11][12][13] Fintech Sector Insights - Fintechs previously accounted for 20% of U.S. loan originations but faced a downturn due to rising rates and investor pullback [18] - Recently, there has been a resurgence in fintech funding, leading to improved financial results for major players in the sector [18] International Market Performance - In India, TransUnion holds over 70% market share and has experienced growth rates of over 30% in the past, although growth slowed recently due to regulatory actions by the RBI [20][21] - The RBI has shifted focus towards balancing safety and growth, allowing lending activities to ramp up again, with expectations of high teens growth by the end of 2025 [24][25] Technology and Infrastructure - TransUnion is undergoing a significant technology transformation, migrating to a cloud-based platform called "One True," which aims to standardize operations and reduce costs [30][31] - The migration is expected to enhance product offerings across different markets, leading to faster revenue growth [32][33] Regulatory Environment - The mortgage lending environment has been challenging due to rising rates and reduced transaction volumes, leading to increased marketing costs for lenders [38] - Discussions around changing the requirement from three credit reports to two for mortgage origination could negatively impact consumer access to loans, as it may omit critical data [41][43] - The new FHFA director has expressed a commitment to maintaining the current regulatory framework, indicating that changes to the tri-merge requirement are unlikely [44] Conclusion - TransUnion is well-positioned in the credit reporting industry with a strong market presence in both the U.S. and international markets, particularly India - The company is focused on leveraging technology to enhance its service offerings while navigating a complex macroeconomic and regulatory landscape

Financial Data and Key Metrics Changes - The company reported a strong first quarter performance with 9% organic growth in 2024, and volumes in the first quarter were consistent with this trend [6][9] - The company maintained a conservative posture for 2025, guiding for revenue growth conservatively and incorporating contingencies in financial forecasts [18][20] - The company achieved positive growth of 3% in both 2022 and 2023 despite challenging macroeconomic conditions [9][24] Business Line Data and Key Metrics Changes - The mortgage segment is facing challenges due to rising costs and concerns about credit report pricing, but the company has maintained stable pricing practices [30][32] - The auto segment experienced a pull forward in volumes due to demand ahead of potential tariff implementations, with expectations for continued higher demand [53][55] - NuStar has shown improved revenue performance due to successful integration of marketing and fraud solutions, with organic growth between 4% and 6% since acquisition [58][60] Market Data and Key Metrics Changes - Consumer credit markets are currently healthy but show signs of concern among consumers and lenders regarding future economic conditions [5][12] - In India, the company expects a return to high teen organic growth rates by the end of 2025, driven by improved lending conditions under the new RBI governor [86][90] Company Strategy and Development Direction - The company has diversified its portfolio significantly and integrated acquisitions to enhance its market position [9][24] - The focus on technology and workforce restructuring is expected to yield ongoing cost savings and maintain EBITDA and EPS performance [28][27] - The company is optimistic about expanding its services in emerging markets and enhancing its product offerings in response to market needs [66][70] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about potential economic downturns but emphasized the company's preparedness to weather such conditions [20][21] - The company is cautious about consumer credit origination growth for the remainder of 2025, citing mixed signals from leading indicators [11][12] - Management highlighted the importance of adapting to changing economic policies and consumer behaviors to maintain growth [16][40] Other Important Information - The company is focused on enhancing its freemium product offerings to compete effectively in the consumer market [74][76] - The company has seen significant growth in breach services, although it remains lumpy due to the unpredictability of large breach events [82][83] Q&A Session Summary Question: How is the company positioned in a potential stagflation environment? - Management indicated that the company is well-positioned to handle stagflation due to its diversified portfolio and previous performance during similar conditions [21][24] Question: What are the expectations for consumer credit origination growth in 2025? - Management acknowledged the healthy state of consumers but noted concerns about future lending volumes due to economic uncertainties [12][14] Question: How does the company view the competitive landscape in mortgage credit reporting? - Management discussed the challenges posed by rising costs and the need for a broader reflection on mortgage origination costs [30][36] Question: What is the outlook for the auto segment? - Management confirmed that auto volumes have been consistent with guidance and expressed optimism about demand due to tariff concerns [55][56] Question: What is driving the recent success in NuStar? - Management attributed NuStar's success to the integration of services and improved market positioning following the acquisition [58][60]

Core Insights - The Canadian credit market experienced mixed outcomes in Q1 2025, with growth driven by increased borrowing from young Canadians and newcomers, while subprime consumers faced rising delinquency rates [1][2][3] Group 1: Credit Market Growth - Total outstanding credit debt in Canada reached $2.5 trillion in Q1 2025, reflecting a 4.7% year-over-year growth [2] - Gen Z consumers contributed significantly to this growth, with their outstanding balances increasing by 30.6% year-over-year, accounting for $12 billion or 10.3% of total new balance growth [3] - New Canadians added $2.6 billion in new credit balances, marking a 6.3% increase year-over-year [3] Group 2: Consumer Behavior and Risk Tiers - Non-mortgage debt grew by 2.4%, with below prime average consumer balances increasing by 4.4%, and subprime consumers seeing the highest increase at 6.3% [5] - The average non-mortgage balances per consumer varied across risk tiers, with subprime consumers averaging $23,638, reflecting a 6.3% year-over-year increase [6] - Serious delinquency rates for consumers 60 days or more delinquent rose by 11 basis points year-over-year to 2.71% in Q1 2025, influenced by the influx of new-to-credit consumers [15] Group 3: Regional Disparities - There are significant regional differences in delinquency trends, with Alberta experiencing the highest delinquency rates due to economic volatility, while Quebec had the lowest [17][18] - Average debt per borrower varied by province, with P.E.I. and Newfoundland having the highest average debt levels, which may increase vulnerability to financial strain [9] Group 4: Economic Conditions and Consumer Credit Index - The Canada Consumer Credit Index dropped to 100.3, down almost 6 points from the previous year, indicating muted credit demand amid economic uncertainty [12] - Economic conditions have led to a widening financial divide among credit consumers, with some benefiting from improved inflation and interest rates while others continue to face challenges [14]