Group 1 - Recent wildfires in Los Angeles in January 2025 have positively impacted property and casualty insurers, leading to a surge in their performance [1] - Mercury General was significantly affected by the wildfires, indicating potential vulnerabilities within the company [1] Group 2 - Henriot Capital emphasizes a quant-driven investment approach, focusing on data-driven decisions without human bias [1] - The investment strategy of Henriot Capital is characterized by a motto of "invest first, investigate later," which prioritizes model recommendations over individual analysis [1]