Leveraged a technology-native platform to scale gross written premium by 24% while keeping fixed expense growth modest, improving the net expense ratio by 8 percentage points.Maintained a disciplined program partner strategy, placing underperforming programs into runoff while keeping liability limits low, with 70% of policies under $300,000.Successfully diversified the portfolio, with commercial multi-peril and casualty now representing 48% of gross written premium, up from significantly lower levels in 202 ...

Hippo (NYSE:HIPO) Q4 2025 Earnings call February 25, 2026 08:00 AM ET Company ParticipantsCharles Sebaski - Head of Investor RelationsGuy Zeltser - CFORichard McCathron - President and CEOConference Call ParticipantsTommy McJoynt - AnalystNone - AnalystOperatorGood morning, all. Good afternoon, all, and welcome to the Hippo fourth quarter 2025 earnings call. My name is Adam, and I'll be your operator today. If you'd like to ask a question during the Q&A portion of today's call, you may do so by pressing sta ...

I have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks, telco, logistics, and hotels. Since 2014, I have been trading on the PH stock market. I focus on banking, telco, and retail sectors. A colleague encouraged me to engage in the stock market as part of my portfolio diversification instead of putting all my savings in banks and properties. ...

While the US continues to command a dominant share in global portfolios, questions around sustainability, overinvestment in AI, and stretched P/E multiples are prompting investors to reassess tactical allocations.In an interaction with Kshitij Anand of ETMarkets, He pointed to improving fundamentals across parts of Asia, compelling opportunities in India, South Korea and Indonesia, and a shifting sectoral mix in Europe — particularly manufacturing and defence — as reasons for potential diversification amid ...

Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] Investment Focus - The company has diversified its investments across various sectors including banking, telecommunications, logistics, and hotels, indicating a strategic approach to portfolio management [1] - The entry into the US market in 2020 reflects a growing interest in international investment opportunities, particularly in sectors like banks, hotels, and shipping [1] Market Trends - The popularity of insurance companies in the Philippines since 2014 suggests a shift in investment preferences among local investors, moving towards more diversified financial products [1] - The trend of using platforms like Seeking Alpha for analysis indicates a growing reliance on data-driven investment strategies among investors in both the ASEAN and US markets [1]

Gold’s historic run in 2025 had cast a gilded glow over the precious metals market, but a recent slump has exposed the reality of investing in commodities if you’re looking for big, shiny gains: gold is not a growth investment. In January, gold reached a record $5,416 per ounce, but quickly plummeted back to $4,641 per ounce in February (1). This correction reveals a few things: one, gold is an asset investors flock to when markets are volatile. As such, a rosy outlook from Wall Street for 2026 has more i ...

Key Takeaways Walmart beat Q4 EPS and revenue estimates, but weak FY27 EPS guidance put pressure on shares. E-commerce rose in double digits and ad revenues jumped 37%, boosting operating income.ETFs like XLP and RTH offer diversified exposure with Walmart as a top holding. Shares of Walmart Inc. (WMT) slipped 1.4% yesterday, following the company’s better-than-expected fourth-quarter fiscal 2026 results. Despite comfortably surpassing analysts’ estimates for earnings and revenues, the retail giant’s stock ...

Real Estate Investment Insights - Investing in luxury properties may not be the most effective way to build wealth, as ongoing maintenance costs can range from 1% to 4% of a property's value annually, potentially costing millions for high-value homes [3][4] - The lottery winner Edwin Castro's experience illustrates the financial burden of luxury home ownership, as he faced significant expenses after his $4 million home was destroyed in a fire, leading to an additional $10 million investment in rebuilding [3][4] Alternative Investment Opportunities - Commercial real estate has historically provided stability and has outperformed the S&P 500 over a 25-year period, suggesting it may be a more prudent investment for those with substantial cash [6] - Multifamily rentals are highlighted as a viable option for accredited investors, especially given the robust debt markets anticipated in 2026 [6] - Lightstone DIRECT offers a platform for accredited investors to access institutional-quality multifamily opportunities with a minimum investment of $100,000, eliminating intermediaries and reducing fees [8][9] Precious Metals and Alternative Assets - Gold and silver are recommended as protective assets against inflation, with gold prices having risen significantly, including a 65% increase in 2025 and over 20% in January 2026 [15] - A gold IRA can provide tax advantages while allowing investments in physical precious metals, with Goldco offering services for a minimum purchase of $10,000 [16] - Fine art is presented as another alternative investment, with a substantial global market value and positive long-term returns, accessible through platforms like Masterworks that facilitate fractional investing [20][21]

Financial Data and Key Metrics Changes - In 2025, the company achieved record revenue of $1 billion, operating cash flow of $705 million, and earnings of $466 million, representing increases of 43%, 33%, and 40% respectively compared to 2024 [5] - Adjusted net income reached a record $510 million, a 47% increase over 2024 [5][6] - The adjusted EBITDA margin was maintained at 82% for the year, supported by strong gold prices and stable cash G&A [6] Business Line Data and Key Metrics Changes - Gold contributed 78% of total revenue for the year, with significant revenue growth from the stream segment, which increased over 110% year-over-year to $265 million [11][19] - Royalty revenue for the quarter was up 42% year-over-year to $111 million, driven by strong performance from the Cortez CC zone and Peñasquito [11] Market Data and Key Metrics Changes - Metal prices significantly impacted revenue, with gold prices up 55%, silver up 74%, and copper up 21% compared to the prior year [19] - The company expects its revenue mix to remain consistent post-acquisition, maintaining the highest gold revenue percentage among large-cap peers in the royalty and streaming sector [19] Company Strategy and Development Direction - The company made several acquisitions, including Sandstorm Gold and Horizon Copper, to diversify and strengthen its portfolio [7][8] - The integration of the Sandstorm and Horizon portfolios is largely complete, with a focus on rationalizing and simplifying operations [9] - The company plans to host an investor day on March 31st to provide context for 2025 activities and guidance for 2026 [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position following a record year, emphasizing the strength of the underlying portfolio [32] - The company anticipates a steady state moving forward, with expectations for continued strong performance in 2026 [27][28] Other Important Information - The company paid over $118 million in dividends to shareholders and raised its annual dividend to $1.90 per share for 2026, marking the 25th consecutive annual dividend increase [6] - The company ended the year with outstanding debt of $900 million, with plans to reduce this to $725 million early in 2026 [28][29] Q&A Session Summary Question: What does the deal pipeline look like currently? - Management indicated that the deal pipeline remains strong, with ongoing activity despite market volatility [34][36] Question: Regarding Hod Maden, what is the company's involvement in discussions about the construction decision? - Management confirmed satisfaction with the technical report and stated that they are involved in discussions with SSR regarding development strategy and spending [43][46] Question: Can you elaborate on the mechanics behind the potential conversion of the Mara option into a gold stream? - The company can convert a small royalty into a 20% gold stream by investing approximately $225 million over the construction period [49][50] Question: What is the company's strategy regarding debt repayment versus new investments? - Management emphasized that finding good investments remains a priority, and they are not prioritizing debt repayment over new opportunities [85][88] Question: Why doesn't the company provide preliminary royalty revenue expectations? - The company explained that information rights limit their ability to provide estimates until after operators report their results [60][62]

Company Overview - La-Z-Boy, Incorporated (LZB) has experienced a value increase of over 20% in just three months, despite a cautious market outlook [1] Analyst Background - The analyst has nearly two decades of experience in the logistics sector and almost ten years in stock investing and macroeconomic analysis, focusing on ASEAN and NYSE/NASDAQ stocks, particularly in banks, telecommunications, logistics, and hotels [1] Investment Strategy - The analyst emphasizes portfolio diversification, having transitioned from traditional savings in banks and properties to investing in various industries and market cap sizes, including blue-chip companies and stocks for retirement and trading profits [1] Market Engagement - The analyst entered the US market in 2020, gaining insights through a trading account managed for a relative before opening their own account, and has been utilizing analyses from Seeking Alpha to compare with the Philippine market [1]