Oxford Square Capital Corp. Investor Presentation Quarter Ended March 31, 2025 Disclaimer "Company"). This presentation is neither an offer to sell, nor a solicitation of an offer to purchase, any securities of Oxford Square Capital Corp. ("OXSQ" or the This presentation and the summaries contained herein do not purport to be complete and no obligation to update or otherwise revise such information is being assumed. Nothing shall be relied upon as a promise or representation as to the future performance of ...

The Hartford Insurance Group, Inc. (HIG) reported first-quarter 2025 adjusted operating earnings of $2.20 per share, which beat the Zacks Consensus Estimate of $2.13. However, the bottom line decreased 6% year over year. (See the Zacks Earnings Calendar to stay ahead of market-making news.)HIG's total revenues amounted to $6.8 billion, which improved from $6.4 billion in the prior year due to higher earned premiums and investment income.Better-than-expected quarterly earnings benefited from improved Employe ...

The Hartford Insurance Group, Inc. (NYSE:HIG) Q1 2025 Results Conference Call April 25, 2025 9:00 AM ET Company Participants Susan Spivak - Senior Vice President of Investor Relations Chris Swift - Chairman and Chief Executive Officer Beth Costello - Chief Financial Officer Morris Tooker - President Mike Fish - Head of Group Benefits Melinda Thompson - Head of Personal Lines Conference Call Participants Gregory Peters - Raymond James Brian Meredith - UBS Andrew Kligerman - TD Securities Elyse Greenspan - We ...

Oxford Square Capital (OXSQ) Q1 2025 Earnings Call April 25, 2025 09:00 AM ET Company Participants Jonathan Cohen - CEO & Board MemberBruce Rubin - CFOKevin Yonon - MD & Portfolio Manager Operator Morning, ladies and gentlemen, and welcome to the Oxford Square Capital Corp. First Quarter twenty twenty five Earnings Conference Call. This call is being recorded on Friday, 04/25/2025. I would now like to turn the conference over to Mr. Jonathan Cohen. Please go ahead. Jonathan Cohen Good morning. Welcome to th ...

Financial Data and Key Metrics Changes - For Q1 2025, the company's net investment income was approximately $6.1 million or $0.09 per share, slightly up from approximately $6 million or $0.09 per share in the prior quarter [7] - The net asset value per share decreased to $2.09 from $2.30 in the prior quarter [7] - Total investment income for the first quarter was approximately $10.2 million, remaining consistent with the prior quarter [8] - The company recorded combined net unrealized and realized losses on investments of approximately $14.2 million or $0.20 per share, a significant increase from approximately $2.7 million or $0.04 per share in the prior quarter [8] Business Line Data and Key Metrics Changes - The investment activity during the quarter included purchases of approximately $16 million, sales of approximately $10.7 million, and repayments of approximately $8.7 million [9] - The company distributed $0.105 per share to common stock shareholders during the quarter [8] - A total of approximately 1.3 million shares were issued in an aftermarket offering, resulting in net proceeds of approximately $3.5 million [10] Market Data and Key Metrics Changes - The US loan market performance weakened, with US loan prices decreasing from 97.33% of par as of December 31 to 96.31% of par as of March 31 [12] - Pricing dispersion was noted, with BB rated loan prices decreasing by 82 basis points, B rated loan prices decreasing by 134 basis points, and CCC rated loan prices decreasing by 211 basis points on average [13] - The 12-month trailing default rate for the loan index decreased to 0.82% from 0.91% at the end of December, but the overall default rate, including various liability management exercises, remained elevated at 4.31% [13] - The distress ratio ended the quarter at 3.21%, up from 3.02% at the end of 2024 [13] - US leveraged loan primary market issuance was $141.1 billion, representing a 2% decrease compared to the same quarter in the previous year [14] - US loan fund inflows were approximately $1.94 billion for the quarter [14] Company Strategy and Development Direction - The company continues to focus on portfolio management strategies aimed at maximizing long-term total return, leveraging its position as a permanent capital vehicle to adopt a longer-term investment strategy [15] Management's Comments on Operating Environment and Future Outlook - Management noted the weakening performance in the US loan market and highlighted the challenges posed by pricing dispersion and elevated default rates [12][13] - The company remains committed to its investment strategy despite the current market conditions [15] Other Important Information - The Board of Directors declared monthly distributions of $0.035 per share for the months ending July, August, and September of 2025 [10] Q&A Session Summary Question: No questions were raised during the Q&A session - There were no questions from participants during the call [17]

[Financial Highlights and Distributions](index=1&type=section&id=Financial%20Highlights%20and%20Distributions) This section summarizes Oxford Square Capital Corp.'s Q1 2025 financial performance, including key results, distributions, and capital activities [Key Financial Results for Q1 2025](index=1&type=section&id=Key%20Financial%20Results%20for%20Q1%202025) For the quarter ended March 31, 2025, Oxford Square Capital Corp. reported a Net Asset Value (NAV) per share of $2.09, a decrease from $2.30 in the previous quarter. Net Investment Income (NII) remained stable at approximately $6.1 million, or $0.09 per share. The company experienced a net decrease in net assets from operations of approximately $8.1 million, driven by net realized losses of $12.2 million, which offset the NII Q1 2025 Key Financial Metrics vs. Q4 2024 | Metric | Q1 2025 (Ended Mar 31, 2025) | Q4 2024 (Ended Dec 31, 2024) | | :--- | :--- | :--- | | **NAV per Share** | $2.09 | $2.30 | | **Net Investment Income (NII)** | ~$6.1 million ($0.09/share) | ~$6.0 million ($0.09/share) | | **Total Investment Income** | ~$10.2 million | ~$10.2 million | | **Total Expenses** | ~$4.1 million | ~$4.2 million | Weighted Average Yields as of March 31, 2025 | Investment Type | Weighted Average Yield (at current cost) | | :--- | :--- | | Debt Investments | 14.3% | | CLO Equity Investments (Effective Yield) | 9.0% | | CLO Equity Investments (Cash Distribution Yield) | 16.0% | - For Q1 2025, the company recorded a net decrease in net assets from operations of approximately **$8.1 million**, which consisted of **$6.1 million** in NII, **$12.2 million** in net realized losses, and **$2.1 million** in net unrealized depreciation[1](index=1&type=chunk) - As of March 31, 2025, preferred equity investments in one portfolio company with a fair value of approximately **$3.9 million** were on non-accrual status[1](index=1&type=chunk) [Common Stock Distributions](index=1&type=section&id=Common%20Stock%20Distributions) The Board of Directors declared monthly distributions of $0.035 per share on its common stock for the months ending July, August, and September 2025 Declared Common Stock Distributions | Month Ending | Record Date | Payment Date | Amount Per Share | | :--- | :--- | :--- | :--- | | July 31, 2025 | July 17, 2025 | July 31, 2025 | $0.035 | | August 31, 2025 | August 15, 2025 | August 29, 2025 | $0.035 | | September 30, 2025 | September 16, 2025 | September 30, 2025 | $0.035 | [Investment and Capital Activity](index=1&type=section&id=Investment%20and%20Capital%20Activity) During the first quarter of 2025, the company was active in the market with approximately $16.0 million in investment purchases and a total of $19.4 million in sales and repayments. Additionally, the company issued approximately 1.3 million shares of common stock through an "at-the-market" offering, raising net proceeds of about $3.5 million - Investment activity in Q1 2025 included purchases of **~$16.0 million**, sales of **~$10.7 million**, and repayments of **~$8.7 million**[1](index=1&type=chunk) - In Q1 2025, the company issued approximately **1.3 million shares** of common stock via an "at-the-market" offering, resulting in net proceeds of approximately **$3.5 million**. As of March 31, 2025, shares outstanding were approximately **71.2 million**[2](index=2&type=chunk) [Financial Statements](index=3&type=section&id=Financial%20Statements) This section presents Oxford Square Capital Corp.'s consolidated balance sheet and statements of operations [Statements of Assets and Liabilities](index=3&type=section&id=STATEMENTS%20OF%20ASSETS%20AND%20LIABILITIES) As of March 31, 2025, total assets were approximately $285.5 million and total liabilities were $136.6 million, resulting in total net assets of $148.9 million. This represents a decrease from December 31, 2024, when total assets were $299.7 million and net assets were $160.7 million. The net asset value per common share declined to $2.09 from $2.30 at the end of the prior quarter Balance Sheet Comparison (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Investments (at fair value) | $243,182 | $260,853 | | Cash and cash equivalents | $37,253 | $34,926 | | **Total Assets** | **$285,491** | **$299,731** | | Total Liabilities | $136,608 | $139,065 | | **Total Net Assets** | **$148,882** | **$160,665** | | **Net Asset Value per Share** | **$2.09** | **$2.30** | [Statements of Operations](index=4&type=section&id=STATEMENTS%20OF%20OPERATIONS) For the three months ended March 31, 2025, the company generated total investment income of approximately $10.2 million, a slight decrease from $10.7 million in the same period of 2024. After total expenses of $4.1 million, net investment income was $6.1 million. However, due to significant net realized losses of $12.2 million, the company reported a net decrease in net assets from operations of $8.1 million, compared to a $1.8 million decrease in Q1 2024 Statement of Operations Summary (Three Months Ended March 31) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Total Investment Income | $10,161,050 | $10,677,424 | | Total Expenses | $4,057,176 | $4,139,868 | | **Net Investment Income** | **$6,103,874** | **$6,537,556** | | Net Realized Losses | ($12,158,495) | ($8,094,940) | | Net Change in Unrealized Depreciation | ($2,066,896) | ($211,006) | | **Net Decrease in Net Assets from Operations** | **($8,121,517)** | **($1,768,390)** | | NII per Share (Basic and Diluted) | $0.09 | $0.11 | [Per Share Data and Ratios](index=5&type=section&id=Per%20Share%20Data%20and%20Ratios) This section analyzes Oxford Square Capital Corp.'s per share financial performance and key operational ratios [Financial Highlights (Per Share Data)](index=5&type=section&id=FINANCIAL%20HIGHLIGHTS%20%28Unaudited%29) For the first quarter of 2025, the net asset value (NAV) per share decreased by $0.21, from $2.30 to $2.09. This was a result of $0.09 in net investment income being offset by $0.20 in net realized and unrealized losses and $0.11 in distributions. Despite the NAV decline, the market value per share increased from $2.44 to $2.61, yielding a positive total return based on market value of 11.39%. The total return based on NAV was negative 4.57% Per Share Data (Three Months Ended March 31) | Per Share Data | 2025 | 2024 | | :--- | :--- | :--- | | NAV at beginning of period | $2.30 | $2.55 | | Net investment income | $0.09 | $0.11 | | Net realized and unrealized losses | ($0.20) | ($0.13) | | Total distributions | ($0.11) | ($0.11) | | **NAV at end of period** | **$2.09** | **$2.42** | | **Total return based on Market Value** | **11.39%** | **14.63%** | | **Total return based on Net Asset Value** | **(4.57)%** | **(0.98)%** | [Ratios and Supplemental Data](index=5&type=section&id=Ratios%2FSUPPLEMENTAL%20Data) For Q1 2025, the annualized ratio of expenses to average net assets was 10.57%, an improvement from 11.17% in Q1 2024. The ratio of net investment income to average net assets was 15.91%. The portfolio turnover rate increased significantly to 6.26% for the quarter, compared to 3.09% in the prior year's quarter, indicating higher investment activity Key Ratios (Three Months Ended March 31) | Ratio/Supplemental Data | 2025 | 2024 | | :--- | :--- | :--- | | Ratio of expenses to average net assets | 10.57% | 11.17% | | Ratio of net investment income to average net assets | 15.91% | 17.64% | | Portfolio turnover rate | 6.26% | 3.09% | [Company Information and Disclosures](index=6&type=section&id=Company%20Information%20and%20Disclosures) This section outlines Oxford Square Capital Corp.'s business model and includes disclosures on forward-looking statements [About Oxford Square Capital Corp.](index=6&type=section&id=About%20Oxford%20Square%20Capital%20Corp.) Oxford Square Capital Corp. is a publicly-traded business development company (BDC). Its primary investment strategy focuses on syndicated bank loans and, to a lesser extent, debt and equity tranches of collateralized loan obligation (CLO) vehicles - The company is a **publicly-traded business development company (BDC)** that primarily invests in **syndicated bank loans** and **CLO vehicles**[12](index=12&type=chunk) [Forward-Looking Statements](index=6&type=section&id=Forward-Looking%20Statements) This press release includes forward-looking statements concerning future results and conditions. These statements are not guarantees of future performance and are subject to various risks and uncertainties that could cause actual results to differ materially from projections - The report contains **forward-looking statements** that are **not guarantees of future performance** and involve a number of **risks and uncertainties**[13](index=13&type=chunk)

Core Viewpoint - Oxford Square Capital Corp. reported its financial results for the quarter ended March 31, 2025, highlighting a decrease in net asset value and net losses from operations compared to the previous quarter [1]. Financial Performance - Net asset value (NAV) per share decreased to $2.09 as of March 31, 2025, down from $2.30 on December 31, 2024 [1]. - Net investment income (NII) for the quarter was approximately $6.1 million, or $0.09 per share, compared to $6.0 million, or $0.09 per share, for the previous quarter [1]. - Total investment income remained stable at approximately $10.2 million for the quarter, similar to the previous quarter [1]. - Total expenses for the quarter were approximately $4.1 million, a slight decrease from $4.2 million in the previous quarter [1]. Investment Income Breakdown - Investment income for the quarter included $5.5 million from debt investments, $4.0 million from CLO equity investments, and $0.7 million from other income [1]. - The weighted average yield of debt investments was 14.3%, down from 15.8% as of December 31, 2024 [1]. - The weighted average effective yield of CLO equity investments increased to 9.0% from 8.8% in the previous quarter [1]. - The cash distribution yield of cash income-producing CLO equity investments was 16.0%, slightly down from 16.2% [1]. Operational Metrics - The company recorded a net decrease in net assets resulting from operations of approximately $8.1 million, which included NII of $6.1 million, net realized losses of $12.2 million, and net unrealized depreciation of $2.1 million [1]. - Investment activity included purchases of approximately $16.0 million, sales of approximately $10.7 million, and repayments of approximately $8.7 million during the quarter [1]. - The weighted average credit rating was 2.2 based on total fair value, down from 2.3 as of December 31, 2024 [1]. Shareholder Distributions - The Board of Directors declared distributions of $0.035 per share for July, August, and September 2025 [1]. - The company issued approximately 1.3 million shares of common stock, resulting in net proceeds of approximately $3.5 million [1]. Assets and Liabilities - Total assets as of March 31, 2025, were approximately $285.5 million, down from $299.7 million as of December 31, 2024 [5]. - Total liabilities were approximately $136.6 million, compared to $139.1 million in the previous quarter [5]. - Net assets totaled approximately $148.9 million, down from $160.7 million [5].

Core Insights - SPS Commerce reported quarterly earnings of $1 per share, exceeding the Zacks Consensus Estimate of $0.84 per share, and compared to earnings of $0.86 per share a year ago [1] - The company achieved a revenue of $181.55 million for the quarter, surpassing the Zacks Consensus Estimate by 1.12%, and up from $149.58 million year-over-year [3] Earnings Performance - The earnings surprise for the quarter was 19.05%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - The company also delivered a surprise of 2.30% in the previous quarter, with actual earnings of $0.89 compared to an expected $0.87 [2] Future Outlook - Current consensus EPS estimate for the upcoming quarter is $0.92 on revenues of $185.7 million, and for the current fiscal year, it is $3.83 on revenues of $761.07 million [8] - The estimate revisions trend for SPS Commerce is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Business - Services industry, to which SPS Commerce belongs, is currently in the top 34% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ______________ Commission file number 001-13958 ____________________ ...

The Hartford Insurance Group, Inc. As of April 23, 2025 Address: One Hartford Plaza A.M. Best Standard & Poor's Moody's Hartford, CT 06155 Insurance Financial Strength Ratings: Hartford Fire Insurance Company A+ A+ A1 Hartford Life and Accident Insurance Company A+ A+ A1 Navigators Insurance Company A+ A+ NR - Hartford Fire Insurance Company ratings are on positive outlook at Standard and Poor's and Moody's and on stable outlook at A.M. Best - Hartford Life and Accident Insurance Company ratings are on posi ...