Key Takeaways PRA reported Q4 adjusted EPS of 82 cents, beating estimates as income jumped 115.8% YoY.ProAssurance saw net investment income rise 9.1% and total expenses fall 17.8%.PRA's combined ratio improved to 92.3%, while book value per share rose 11.7%.ProAssurance Corporation (PRA) reported a fourth-quarter 2025 adjusted operating income of 82 cents per share, which beat the Zacks Consensus Estimate of 22 cents. The bottom line rose 115.8% year over year.Operating revenues of $271.6 million dipped 5. ...

Key Takeaways LMND posted a narrower Q4 loss of 29 cents per share as revenues jumped 53% year over year.LMND saw in-force premium rise 31% and gross profit surge 73% on stronger underwriting.Lemonade guided 2026 revenues of $1.19B and expects further premium growth despite EBITDA loss.Lemonade, Inc. (LMND) reported a fourth-quarter 2025 net loss of 29 cents per share, narrower than the Zacks Consensus Estimate of a loss of 41 cents. The figure improved from a loss of 42 cents in the prior-year quarter, pri ...

Hamilton, Bermuda-based Everest Group, Ltd. (EG) provides property, casualty, and specialty reinsurance and insurance solutions. It is valued at a market cap of $14.4 billion. This insurance company has underperformed the broader market over the past 52 weeks. Shares of EG have gained 1.3% over this time frame, while the broader S&P 500 Index ($SPX) has soared 11.7%. Meanwhile, on a YTD basis, the stock is up marginally, in line with SPX. More News from Barchart Zooming in further, EG has outpaced the ...

Core Viewpoint - Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Phreesia, Inc. (NYSE: PHR) regarding possible recovery of losses under federal securities laws following a significant stock price decline after the company's earnings call [1][1]. Investigation Background - On December 9, 2025, Phreesia's stock price dropped approximately 25% after the company updated its fiscal 2026 revenue guidance during its third quarter earnings call [1][1]. - The investigation focuses on whether Phreesia's executive officers complied with federal securities laws, which may have implications for investor losses [1][1]. Company Profile - Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with multiple offices across the United States, specializing in securities class action lawsuits and representing both individual and institutional investors [1][1]. - The firm has a notable track record, having recovered approximately $90.725 million for clients in cases where it served as lead or co-lead counsel, and has been recognized as a top plaintiffs' securities law firm in the U.S. [1][1].

Core Insights - Lincoln National Corporation (LNC) reported fourth-quarter 2025 adjusted earnings per share of $2.21, exceeding the Zacks Consensus Estimate by 18.7% and reflecting a year-over-year increase of 15.7% [1][9] - Adjusted operating revenues rose 5.7% year over year to $4.9 billion, surpassing the consensus mark by 1% [1][9] Financial Performance - The increase in quarterly results was driven by higher insurance premiums, strong annuity deposits, and solid Life Insurance performance, alongside higher net investment income and improved mortality results [2] - Insurance premiums increased by 5.4% year over year to $1.7 billion, beating the Zacks Consensus Estimate by 1% [3] - Net investment income grew 11% year over year to $1.6 billion, exceeding the consensus mark by 6.7% [3] - Total expenses rose 35.2% year over year to $4 billion, while net income was reported at $754 million, down from $1.7 billion in the prior-year quarter [4] Segment Performance - The Annuities segment's operating income was $311 million, up 2.6% year over year, with operating revenues increasing by 7% to $1.3 billion [6] - The Life Insurance unit recorded an operating income of $77 million, improving from a loss of $15 million in the prior year, with operating revenues growing 2.2% to $1.6 billion [7] - The Group Protection segment's operating income increased 1.9% year over year to $109 million, with operating revenues totaling $1.5 billion, an 8.3% year-over-year improvement [8] - The Retirement Plan Services segment reported an operating income of $46 million, rising 7% year over year, with operating revenues increasing 4.5% to $352 million [10] Financial Position - As of December 31, 2025, Lincoln National had cash and invested cash of $9.5 billion, up from $5.8 billion at the end of 2024, and total assets of $417.2 billion, an increase from $390.8 billion [12] - Long-term debt remained stable at $5.9 billion, while total stockholders' equity rose to $10.9 billion from $8.3 billion at the end of 2024 [12] - Book value per share, excluding accumulated other comprehensive income, was $73.10, up from $72.06 at the end of 2024 [13] Full-Year Update - For the full year 2025, Lincoln National reported adjusted earnings per share of $8.23, a 16.4% increase year over year, with adjusted operating revenues improving 4.1% to $19.1 billion [15] - The operating revenues in the Annuities, Life Insurance, Group Protection, and Retirement Plan Services segments saw year-over-year improvements of 1.9%, 3.1%, 6.7%, and 2.4%, respectively [15] 2026 Outlook - In 2026, the Annuities, Life Insurance, Group Protection, and Retirement Plan Services units are projected to account for 58-60%, 8-9%, 24-25%, and 8-9% of the company's total operating income earnings, respectively [16] - Management aims to maintain an RBC ratio of over 420% in both 2026 and the long term [16]

Core Insights - Assurant, Inc. (AIZ) reported a fourth-quarter 2025 net operating income of $5.61 per share, exceeding the Zacks Consensus Estimate by 1.08%, with a year-over-year increase of 17% [1] - Total revenues rose by 7.5% year over year to $3.3 billion, driven by higher net earned premiums, net investment income, and fees, surpassing the Zacks Consensus Estimate by 2.7% [2] - Adjusted EBITDA, excluding reportable catastrophes, increased by 3% to $445.9 million, reflecting growth in both Global Housing and Global Lifestyle segments [2] Financial Performance - Total benefits, losses, and expenses increased by 7.4% to $3.1 billion, primarily due to higher policyholder benefits and administrative expenses, exceeding the estimate of $2.8 billion [3] - Net earned premiums, fees, and other income in Global Housing increased by 10% to $711.4 million, driven by growth in policies in-force and higher average premiums, beating the Zacks Consensus Estimate of $697 million [4] - Adjusted EBITDA for Global Housing was $275.6 million, up 22% year over year, aided by lower pre-tax reportable catastrophes [5] Segment Analysis - Global Lifestyle's net earned premiums, fees, and other income rose by 7% to $2.5 billion, primarily due to growth in Connected Living and Global Automotive, surpassing the Zacks Consensus Estimate of $2.4 billion [6] - Adjusted EBITDA for Global Lifestyle was $195.3 million, a 2% year-over-year increase, driven by improved loss experience in Global Automotive and growth in Connected Living [7] - The adjusted EBITDA loss at Corporate & Other was $34.4 million, an improvement from the previous year's loss of $35.7 million, mainly due to lower third-party expenses [8] Full-Year Highlights - Adjusted earnings for 2025 increased by 19% to $19.77 per share, slightly beating the Zacks Consensus Estimate [9] - Total net earned premiums, fees, and other income from Global Lifestyle and Global Housing segments totaled $12.35 billion, up 8.1% [11] Financial Position - As of December 31, 2025, liquidity stood at $887 million, significantly above the targeted minimum of $225 million, with total assets increasing by 3.6% to $36.3 billion [12] - Debt increased by 6% year over year to $2.2 billion, while total shareholders' equity rose by 15% to $5.87 billion [12] Shareholder Returns - In 2025, share repurchases and dividends totaled $468 million, with $300 million spent on repurchasing 1.4 million shares [13] - As of early February 2026, Assurant had $745 million remaining under its current repurchase authorization [13] 2026 Guidance - Assurant expects adjusted EBITDA for 2026 to be flat to mid-high single-digit growth, with Global Lifestyle projected to increase in the high single digits [14] - Global Housing adjusted EBITDA is anticipated to decrease, while Corporate and Other adjusted EBITDA loss is expected to approximate $140 million [15] - Adjusted earnings per diluted share are expected to remain consistent with 2025 levels or increase mid-to-high single digits [16] Capital Deployment - Capital deployment priorities will focus on maintaining a strong financial position, supporting business growth through organic investments and M&A, and returning capital to shareholders [17]

Core Insights - Reinsurance Group of America, Incorporated (RGA) reported strong fourth-quarter 2025 adjusted operating earnings of $7.75 per share, exceeding the Zacks Consensus Estimate by 32.3% and reflecting a 55.3% increase year over year [2][10] - The company's operating revenues reached $6.8 billion, surpassing the Zacks Consensus Estimate by 10.9% and showing a year-over-year growth of 23.4% driven by higher net investment income [3][10] Financial Performance - Net premiums for RGA totaled $4.8 billion, marking a 15% increase year over year and beating the Zacks Consensus Estimates by 9.5% [7] - Investment income rose significantly by 42.7% from the prior-year quarter to $1.7 billion, also exceeding the Zacks Consensus Estimates by 13.6% [7] - The average investment yield improved to 5.2% from 4.8% in the previous year, attributed to higher variable investment income [7] Segment Performance - RGA's performance was robust in the Asia/Pacific, U.S., Latin America, and Canada segments, although it faced challenges in the Europe, Middle East, and Africa (EMEA) segment and the Corporate and Other segments [4][10] - In the U.S. and Latin America, total pre-tax adjusted operating income was $325 million, a 43.2% increase year over year, with the Traditional segment contributing $222 million, up 47% [11] - Canada saw a 60% year-over-year increase in pre-tax adjusted operating income to $64 million, with net premiums growing 4.2% to $347 million [12] Full-Year Highlights - For the full year 2025, adjusted operating earnings were $22.72 per share, slightly above the Zacks Consensus Estimate of $22.57, reflecting a 13.3% year-over-year increase [18] - Total revenues for 2025 reached $23.9 billion, modestly exceeding the consensus estimate of $23.6 billion, while net premiums declined by 3.4% to $17.2 billion [18] Capital Deployment - RGA deployed $2.5 billion into in-force block transactions, including $1.5 billion into a transaction with subsidiaries of Equitable Holdings, Inc. [20] - The company repurchased shares worth $50 million in the quarter and $125 million in total for 2025 [20] - A quarterly dividend of 93 cents was declared, with payment scheduled for March 3, 2026 [20] Financial Position - As of December 31, 2025, RGA's total assets were $156.6 billion, reflecting a 32% year-over-year increase [19] - Book value per share, excluding accumulated other comprehensive income, rose 8.8% year over year to $164.66 [19] - Adjusted operating return on equity was 14.7%, representing a 90-basis-point increase from the previous year [19]

Core Viewpoint - American International Group, Inc. (AIG) is expected to report its fourth-quarter 2025 results on February 10, 2026, with earnings estimated at $1.89 per share and revenues of $7.1 billion [1][7]. Earnings Estimates - The earnings estimate for the fourth quarter indicates a year-over-year increase of 45.4%, while the revenue estimate suggests a growth of 3.7% year-over-year [2]. - For the full year 2025, the revenue estimate is $27.4 billion, with earnings per share projected at $7.02, reflecting a 41.8% year-over-year increase [3]. Earnings Prediction Model - AIG is predicted to beat earnings estimates due to a positive Earnings ESP of +0.39% and a Zacks Rank of 3 (Hold) [4]. Revenue Drivers - The General Insurance business is expected to significantly contribute to AIG's revenues, with a projected 19.8% year-over-year increase in net investment income [6][7]. - The adjusted pre-tax income in General Insurance is estimated at $1.5 billion, indicating a 20.4% growth from the prior year [6]. Margin and Premiums Outlook - The consensus for the combined ratio is 89.8%, improving from 95.8% a year ago [8]. - However, net premiums earned in General Insurance are expected to decline by 0.7% year-over-year, with a projected figure of $5.9 billion [8].

Key Takeaways UNM is expected to post higher Q4 revenues and earnings, with sales expected to rise 1.4% year over year.Premium income is projected to grow 1.7%, supported by favorable persistency and better sales trends.Stronger results at Unum U.S., Colonial Life and International may offset lower net investment income.Unum Group (UNM) is expected to register an improvement in its top and bottom lines when it reports fourth-quarter 2025 results on Feb. 5, after the closing bell.The Zacks Consensus Estimate ...

Industry Overview - The Zacks Multiline Insurance industry includes companies that provide bundled insurance coverage for various needs, enhancing customer retention and offering lower premium payments compared to individual policies [3] - The industry is characterized by diversified product portfolios, which help lower concentration risk and improve revenue generation [4] Key Trends - Product diversification is aiding multiline insurers in reducing concentration risk and improving retention ratios, with better pricing and prudent underwriting expected to benefit major players like AIG, Prudential, Markel, Principal Financial, and Everest Group [1] - The increasing acceptance of embedded insurance is projected to drive industry growth, with global premiums from embedded insurance expected to exceed $722 billion by 2030 [1] - The transition to green energy and the rise of cyber insurance due to increased AI adoption are identified as growth opportunities [4] Mergers and Acquisitions - The solid capital levels of multiline insurers are anticipated to fuel M&A activities, with a focus on diversifying operations into new business lines and geographies [2][5] - Consolidation is expected to rise in 2025, driven by technology-driven deals, particularly in the insurance technology sector [5] Technological Adoption - The industry is experiencing significant digitalization, utilizing technologies such as blockchain, AI, and advanced analytics to enhance operations and reduce costs [6] - Insurers are focusing on improving data and analytics capabilities to optimize premium calculations and risk management [6] Financial Performance - The Zacks Multiline Insurance industry currently holds a Zacks Industry Rank of 95, placing it in the top 39% of 243 Zacks industries, indicating positive earnings outlook [8][9] - The industry's earnings estimates have been revised upward by 6.7% for the current year, reflecting a positive trend [9] Stock Performance - Over the past year, the Multiline Insurance industry has underperformed compared to the Finance sector and the Zacks S&P 500 composite, with a collective gain of 1.2% [10] - The industry is currently trading at a trailing 12-month price-to-book (P/B) ratio of 2.63X, lower than the S&P 500's 8.66X and the sector's 4.32X [13] Company Highlights - **American International Group (AIG)**: Expected to benefit from strategic business de-risking and acquisitions, with a consensus estimate for 2026 earnings indicating a 10.7% year-over-year increase [19][20] - **Prudential Financial (PRU)**: Positioned for growth through its asset-based businesses and strategic initiatives, with a projected core adjusted operating EPS growth of 5% to 8% through 2027 [23][24] - **Markel Group (MKL)**: Aims to double its insurance operations to achieve $10 billion in annual premiums, targeting a $1 billion annual underwriting profit [26][27] - **Principal Financial Group (PFG)**: Continues to leverage its strong position in retirement and long-term savings, with a consensus estimate for 2026 earnings indicating a 13.4% year-over-year increase [30][31] - **Everest Group (EG)**: Set to benefit from product diversification and international expansion, with a consensus estimate for 2026 earnings indicating a 24.1% year-over-year increase [34][35]