For A-shares, reported earnings fell short of consensus forecasts by number of companies (-11.6%, vs. -4.8% in 1Q25) but were largely in line by weighted surprise (+0.0%, vs. +3.3% in 1Q25). We will see if these trends can broaden out. August 28, 2025 05:12 AM GMT China Equity Strategy | Asia Pacific 2Q25 Earnings Interim Review: MSCI China Improved vs. 1Q While A-shares Softened MSCI China 2Q earnings beat consensus on weighted surprise and improved vs. 1Q, with in-line results by company count. A- share e ...

Flash | CITI'S TAKE NCI reported a mixed set of 1H25 results with robust NBV and EV growth, creditable investment performance, but book value and solvency level saw notable deterioration and CSM growth remained flattish in 1H25. NBV surged 58% yoy in 1H25 on an actual basis, leading industry peers, bolstered by double FYP in 1H25, while NBV margin was eroded by 3.9ppt yoy to 14.6%. By channel, banca NBV rose 1.4x yoy to Rmb3.3bn in 1H25, and agency NBV hiked 12%. CSM balance merely inched up 1% yoy to Rmb17 ...

In an increasingly complex and risk-prone world, the traditional insurance market often falls short of meeting the unique needs of businesses and individuals. That’s where the specialty insurance industry steps in; providing customized coverage for emerging, high-risk, or difficult-to-insure exposures that standard policies can't address.I am an investment author with passion for finance and global markets. I enjoy gearing toward economic analysis, specifically on a macro level. Through current and forward ...

范乐宇表示，下一步，广东金融监管局将从以下三个方面持续引领广东银行业、保险业加快为大湾区新 质生产力发展赋能： 8月30日，广东金融监管局党委委员、副局长范乐宇在粤港澳大湾区金融发展论坛上表示，将全面加强 科技支行建设为抓手，给予更加灵活包容的监管政策，为探索提供适配科技型企业全生命周期的特色金 融产品打开政策空间。 范乐宇观察到，科技金融专营体制建设水平与大湾区国际科创中心建设需求不够匹配，科技金融服务专 业化、特色化、精准化仍显不足等问题。 范乐宇表示，需要以监管赋能、政策赋利，进一步推动做优、做强、做专科技支行，发挥引领示范作 用，渐次形成与新质生产力相适配的具有广东标识度的科技金融服务体系，促进"科技—产业—金融"良 性循环，重点是要围绕"四化"加强科技支行建设，即产品"特色化"、制度"差异化"、管理"体系化"和服 务"多元化"。 范乐宇指出，新质生产力发展对科技金融提出新的要求——除了引资，更要"引智"，赋能科技创新，加 速创新成果转化及创新效率提升。在此背景下，需要加快构建与新质生产力发展相适配的科技金融服务 新范式，其中，科技金融服务的体系化建设是重中之重。 一是做好存量政策的迭代升级和增量政策 ...

国家金融监督管理总局国际合作司司长姜波在论坛上介绍，金融监管总局持续加强内地和港澳金融领域 的合作，推进大湾区的金融改革创新，在多个领域取得进展。 一是港澳开放水平进一步提升。例如，允许港澳银行内地分行开办银行卡业务，降低港澳金融机构参股 内地保险公司的标准，鼓励港澳银保机构在内地市场进一步发展，目前已完成相关法规修订工作。 二是深化大湾区金融市场互联互通。例如，2024年"跨境理财通"北向通中增加了内地银行的人民币存款 产品；在横琴新街坊增设澳门版智能柜台，为澳门居民提供部分非现金金融服务等。 南方财经记者王达毓广州报道 8月30日，围绕"面向世界的粤港澳大湾区金融全面合作发展"的主题，第七届粤港澳大湾区金融发展论 坛在广州南沙举办。 三是陆续出台金融支持大湾区政策。金融监管总局联合多个部门合作印发有关"南沙30条"的指导意见， 在跨境金融、绿色金融、科技金融、航运金融方面给予南沙政策支持。 四是监管合作不断深化。目前大湾区和港澳的监管机构定期召开会议，推进银保规则衔接和技术对接， 后续进一步扩容。 姜波介绍，下一步，金融监管总局将从提升双向开放、提升大湾区金融服务便利性、筑牢风险防控三方 面推进粤港澳大湾 ...

Group 1 - Berkshire Hathaway (BRK.B) increased its stake in Mitsubishi Corp. to 10.23%, up from 9.74%, indicating ongoing expansion in Japan [1][8] - The total investment cost in Japanese firms is $13.8 billion, with a market value of $23.5 billion by the end of 2024, reflecting significant growth [2][8] - Berkshire expects to receive $812 million in annual dividends in 2025 while incurring only $135 million in interest expenses from yen-denominated bonds [4][8] Group 2 - Corporate governance reforms in Japan have improved transparency and capital efficiency, making Japanese companies more appealing to foreign investors [3] - Japanese companies are trading at lower valuations compared to U.S. companies, enhancing their attractiveness for investment [3] - Berkshire's strategy of issuing yen-denominated bonds has limited currency exposure and leveraged Japan's low-cost debt environment [4] Group 3 - MetLife has established a strong presence in Japan, particularly after acquiring Alico in 2010, which positioned it as a leader in the life insurance sector [5] - Aflac has invested in startups through Aflac Ventures Japan and converted its Japanese branch into a subsidiary, highlighting its commitment to the Japanese market [6] Group 4 - BRK.B shares have gained 11.3% year to date, outperforming the industry [7] - The price-to-book value ratio for BRK.B is 1.61, slightly above the industry average of 1.56 [9] - The Zacks Consensus Estimate for BRK.B's third-quarter 2025 EPS remains unchanged, while the fourth quarter estimate increased by 14.1% [10]

Core Insights - Willis Towers Watson (WTW) has launched a new digital insurance platform called Gemini, aimed at addressing rising risk complexities and unpredictable market conditions, providing clients with more reliable outcomes [1][10] Group 1: Gemini Platform Features - Gemini enhances reliability and efficiency in insurance programs, supported by A+ rated Lloyd's syndicates, and offers built-in price advantages for significant savings [2] - The platform is capable of managing a wide range of risks, including complex ones, and facilitates quicker placements through automatic alignment with lead terms [2] - Claims processes are improved by matching lead settlements, which reduces disputes and delays, fostering long-term stability during annual renewals [3] Group 2: Financial Implications - The introduction of Gemini is expected to boost WTW's financial performance by driving revenue growth through new client acquisition and improved retention [4] - Digital automation within Gemini may streamline quoting, binding, and claims processes, leading to cost reductions and improved profit margins [4] - The scalable nature of the platform could create opportunities for additional services and cross-selling, thereby strengthening WTW's market position and client trust [4] Group 3: Market Performance - WTW shares have increased by 4.4% year-to-date, contrasting with a 13.7% decline in the industry [7] - The current valuation of WTW shares is at a price to forward 12-month earnings ratio of 17.86, lower than the industry average of 20.76 [11] - The Zacks Consensus Estimate for WTW's 2025 earnings indicates a slight decline of 0.7% year-over-year, followed by a projected increase of 13.5% in the subsequent year [13]

Key Takeaways AXS focuses on growth areas like wholesale insurance, lower middle markets, and specialty reinsurance lines.AXS invests in digital capabilities and aims to reduce its G&A expense ratio to below 11% by 2026.AXS repositioned its business for specialty risk leadership, focusing on underwriting profitability.Shares of AXIS Capital Holdings Limited (AXS) have gained 23.5% in the past year, outperforming its industry, the Finance sector and the Zacks S&P 500 composite’s growth of 3.5%, 15.9% and 15. ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In SelectQuote To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in SelectQuote between September 9, 2020 and May 1, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Aug. 29, 2025 (G ...

Core Viewpoint - Fairfax Financial Holdings Limited intends to redeem all outstanding Series G and Series H Preferred Shares on September 30, 2025, for a total amount of C$250.0 million, plus accrued dividends [1][5]. Redemption Details - The redemption price for each share will be C$25.00, with a total of 7,719,843 Series G Shares and 2,280,157 Series H Shares being redeemed [1]. - The final quarterly dividend for Series G Shares will be C$0.185125, payable on September 30, 2025, while Series H Shares will receive a final dividend of C$0.32792 on September 29, 2025 [3]. Post-Redemption Information - Following the redemption, both Series G and Series H Shares will be delisted from the Toronto Stock Exchange [5]. - Non-registered holders of Preferred Shares are advised to contact their brokers for information regarding the redemption process [4].