J P M O R G A N Global Markets Strategy 12 January 2026 Equity Strategy Cyclical groups to stay favoured Equity Strategy Mislav Matejka, CFA AC (44-20) 7134-9741 mislav.matejka@jpmorgan.com J.P. Morgan Securities plc Prabhav Bhadani, CFA (44-20) 7742-4404 prabhav.bhadani@jpmorgan.com J.P. Morgan Securities plc Nitya Saldanha, CFA (44 20) 7742 9986 nitya.saldanha@jpmchase.com J.P. Morgan Securities plc Karishma Manpuria, CFA (91-22) 6157-4115 karishma.manpuria@jpmchase.com J.P. Morgan India Private Limited A ...

（来源：黑龙江日报） 本次活动由黑龙江省防范和打击非法金融活动专项工作机制办公室、哈尔滨市防范和打击非法金融活动 专项工作机制办公室、国家金融监督管理总局黑龙江监管局联合主办，省银行业协会、省保险行业协会 协办，哈尔滨银行承办。黑龙江省公安厅、哈尔滨市公安局、哈尔滨市民政局、哈尔滨市农业农村局等 4家政府机关，中国银行、邮储银行、农业银行、招商银行、光大银行等11家银行机构，人保财险、平 安人寿、太平人寿、中国人寿等10家保险机构积极参与，形成跨部门、跨行业宣传教育合力，共同为群 众提供专业、全面的非法金融活动防范指导。 本次活动摒弃了传统单向宣讲模式，而是采取"专业宣讲+互动答题+趣味挑战"的立体化交互宣传形 式，增强群众参与感与获得感。哈尔滨银行工作人员围绕"防范非法集资""识别金融诈骗""拒绝高利诱 惑"等主题进行深入浅出讲解，并结合常见诈骗手法进行案例剖析，提升群众警惕性。活动现场通过各 类醒目突出的防非宣传标识、简洁有力的防非宣传标语、风险提示卡等宣传资料、寓教于乐的防非文艺 作品等载体，不断加深参与群众对"高收益伴随高风险""天上不会掉馅饼，高利保本是陷阱"等理念的认 识。现场还设立了多个咨询台， ...

Table of Contents As filed with the Securities and Exchange Commission on January 14, 2026 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PRESURANCE HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Michigan 6331 27-1298795 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Numb ...

Core Viewpoint - Everest Group, Ltd. has appointed Christopher Kujawa as Executive Vice President and Chief Human Resources Officer, effective January 20, 2026, succeeding Gail Van Beveren [1] Company Summary - Christopher Kujawa will report to Jim Williamson, President and CEO, and will be part of Everest's Executive Leadership Team [1]

Core Viewpoint - Kinsale Capital Group, Inc. will release its financial results for Q4 2025 on February 12, 2026, after market close, and will host a conference call on February 13, 2026, to discuss these results with analysts and investors [1][2]. Group 1 - The financial results release is scheduled for February 12, 2026, after market close [1]. - A conference call will take place on February 13, 2026, at 9:00 a.m. Eastern Time to discuss the financial results [1]. - The conference call can be accessed by dialing (800) 715-9871 or through the company's website [2]. Group 2 - Kinsale Capital Group, Inc. is a specialty insurance group based in Richmond, Virginia, focusing on the excess and surplus lines market [3].

Core Insights - American Coastal Insurance Corporation (ACIC) is focused on creating shareholder value through revenue and earnings growth initiatives [1] - The company was founded in 2007 to underwrite commercial residential property insurance in Florida, specifically targeting habitational risks such as condominiums and apartments [2][3] Company Overview - ACIC is the market leader for condominium associations in Florida, holding a 1 market share with approximately 4,300 out of 17,000 eligible condominium associations [4] - The company has a premium in-force of $637 million at the end of the third quarter, underwritten in partnership with the AmRisc Group, a leading commercial property managing general agency [4]

Group 1 - Cigna Group is considered one of the undervalued stocks in the S&P 500, with Bernstein raising its price target to $307 from $294 while maintaining a Market Perform rating [1] - Truist also increased its price target for Cigna to $320 from $310, maintaining a Buy rating, amid uncertainties regarding the extension of Enhanced Advance Premium Tax Credits [2] - Bernstein anticipates a sector-wide recovery for government Managed Care Organizations starting in 2026, despite acknowledging potential challenges in the recovery path [1][3] Group 2 - Truist highlighted opportunities for margin recovery in the Medicare Advantage sector, driven by favorable MA rate updates and conservative utilization assumptions in pricing models [3] - Cigna is focusing on profit margins rather than aggressive growth strategies, reflecting a shift in priorities within the company [3]

Group 1 - Mercury General (MCY) announced a dual listing of its common stock on NYSE Texas in addition to NYSE [3] - The effective date for the dual listing is set for January 15, 2026 [3]

Over a quarter of UK consumers suggested that a telematics/usage-based insurance (UBI) policy gives them privacy concerns, a GlobalData survey has found. Meanwhile, the telematics provider IMS has warned that insurers risk stalling the adoption of UBI policies in 2026, unless they address consumer concerns around data privacy and transparency. GlobalData’s 2025 UK Insurance Consumer Survey found that 27.6% of UK consumers cited data privacy as a key concern associated with UBI policies. The findings sugg ...

Core Viewpoint - American Coastal Insurance is positioning itself for growth through strategic partnerships and the establishment of a new E&S carrier, while providing optimistic financial guidance for 2026 [3][4][12]. Company Overview - American Coastal Insurance, founded in 2007, specializes in underwriting commercial residential property insurance in Florida, focusing on habitational risks such as condominiums and apartments [2]. - The company insures building shells and related structures but does not cover flood, liability, or contents of individual units [2][18]. Market Position - The company claims to be the market leader for Florida condominium associations, with a number one market share and approximately 4,300 of the 17,000 eligible condominium associations [1]. - American Coastal reported $637 million in premium in-force at the end of Q3 [1]. Strategic Initiatives - The company announced a partnership expansion with AmRisc, targeting a 6% participation in AmRisc's nationwide E&S portfolio, which is expected to generate about $75 million in gross written premium by 2026 [6][8][9]. - A new wholly owned E&S carrier, ACES Specialty Insurance Company, is being established with an initial policyholder surplus of $30 million, aiming to transition to direct underwriting [5][12][13]. Financial Guidance - For 2026, American Coastal projects earnings before income tax between $85 million and $100 million, and total revenue between $335 million and $365 million [4][15]. - The company emphasizes a long-term debt-to-capital target of less than 25% and has authorized up to $25 million for share repurchases [4][16]. Reinsurance Strategy - The company plans to retain a small portion of risk to mitigate catastrophe-driven volatility, with a separate catastrophe reinsurance program to cover its share of the portfolio's exposure [10][11]. - Management indicated that retention would likely be capped at approximately $10.8 million, with additional protections in place for catastrophic events [10][16]. Capital Allocation - American Coastal has paid special cash dividends of $0.50 per share in January 2025 and $0.75 per share in January 2026, supporting a stronger capital position [16][17]. - The company has seen steady growth in liquidity and book value over the last 24 months [15][16].