Core Insights - Neptune Insurance Holdings Inc. reported record financial results for Q4 and FY 2025, highlighting significant growth in new business sales and premiums [1][4]. Financial Performance Highlights Fourth Quarter 2025 - New business sales reached record levels - Written Premium increased by 41% to $100.3 million - Adjusted EBITDA grew by 34% to $25.9 million, achieving a 59% margin - Adjusted Net Income rose by 25% to $15.3 million - Net income decreased by 63% to $4.3 million, impacted by $4.6 million in IPO-related expenses - Revenue increased by 39% to $43.8 million [1][3]. Full Year 2025 - New business sales also set annual records - Written Premium grew by 34% to $367.3 million - Adjusted EBITDA increased by 32% to $95.0 million, with a 60% margin - Adjusted Net Income rose by 38% to $56.9 million - Net income grew by 8% to $37.4 million, including $13.1 million in IPO-related expenses - Revenue increased by 34% to $159.6 million [1][2][4]. Key Performance Indicators - Adjusted EBITDA per Employee increased by 14% to $1.6 million - Revenue per Employee grew by 15% to $2.7 million - Average number of employees rose by 15.8% to 605 [1][3]. Non-GAAP Financial Measures - Adjusted EBITDA is derived from net income, excluding certain expenses, providing a clearer representation of operating performance - Adjusted Net Income excludes specific one-time expenses, offering a better view of ongoing profitability [2][4]. Company Overview - Neptune Insurance Holdings Inc. operates as a managing general agent, specializing in residential and commercial insurance products, particularly flood insurance - The company utilizes advanced data science and artificial intelligence to streamline underwriting and policy issuance, operating without human underwriters [1][4].

TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU) Chief Executive Officer, David Clare, will join Desjardins Securities Analyst, Doug Young, in a virtual fireside chat to discuss the company’s 2025 results and outlook for 2026 on Thursday February 19 at 10:00 AM ET. To listen to the call via live audio webcast, please follow the link below:Webcast Link A replay of the call will be available through the link above. About Trisura Group Trisura Group Ltd. ...

Core Insights - SiriusPoint Ltd. reported strong financial results for the fourth quarter and full year of 2025, highlighting a disciplined underwriting strategy and a focus on customer satisfaction [3][4][5]. Fourth Quarter 2025 Highlights - The company achieved a 16% growth in top-line revenue, with diluted book value per share increasing by 28% [4]. - Operating earnings per share rose by 49% year-over-year, reaching $0.70 for the fourth quarter [7]. - The gross and net written premium growth for the fourth quarter was 18% [7]. - The Core combined ratio improved to 92.9% [7]. - The leverage ratio is expected to drop to a historic low of 23% following the redemption of Series B Preference Shares [7][33]. Full Year 2025 Highlights - Net income available to common shareholders was $444 million, or $3.64 per diluted common share, with operating earnings per share increasing by 49% to $2.55 [7]. - The company reported a 16% growth in gross written premiums and a 19% increase in net written premiums for the year [7]. - The Core combined ratio for the full year was 91.7% [7]. - Book value per diluted common share increased by 23.6% from the previous year, reaching $18.10 [7]. Segment Performance Insurance & Services Segment - For the fourth quarter, gross written premiums increased by 23.5% to $556 million, driven by growth in Accident & Health and Surety [20]. - The segment generated income of $30.7 million, down from $48.4 million in the previous year, primarily due to lower net favorable prior year loss reserve development [21]. - For the full year, gross written premiums rose by 25.7% to $2.31 billion, with income increasing to $165.7 million from $119.8 million [22][23]. Reinsurance Segment - The Reinsurance segment saw gross written premiums increase by 9.2% to $340.9 million in the fourth quarter, driven by new business in London and New York [24]. - Underwriting income for the segment was $22.1 million, an improvement from $18.3 million in the previous year [25]. - For the full year, gross written premiums increased by 2.9% to $1.375 billion, but underwriting income decreased to $90.5 million from $124.8 million due to increased catastrophe losses [26][27]. Investment Performance - Net investment income for the year increased, despite a decrease in income from debt securities and short-term investments, attributed to a smaller asset base following capital transactions [29]. Subsequent Events - The company announced the sale of its 49% equity stake in Arcadian for $140.4 million, with a pre-tax gain expected in the first quarter of 2026 [30]. - An agreement was made to acquire Assist America for $42.5 million, enhancing the company's global emergency travel assistance services [31][32].

Want unlimited access to top ideas and insights? Subscribe NowEnjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights?The following summaries are written by the Digital Insurance editorial staff.Processing ContentDigital Insurance reviews a high volume of news leads every week for this and other stories. Please send press releases and other information to kaitlyn.mattson@arizent.com. These summaries were crafted using AI and then review ...

AUCKLAND, New Zealand--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ), a premier global protection company that safeguards and services connected devices, homes and automobiles in partnership with the world's leading brands, today announced it has received the Feefo Platinum Trusted Service Award, an exclusive recognition for businesses that consistently deliver world-class customer experiences year after year. The Platinum Trusted Service Award is given only to companies that have achieved the Go. ...

宾夕法尼亚州华盛顿堡, Feb. 19, 2026 (GLOBE NEWSWIRE) -- 随着长寿相关资产支持证券 (ABS) 的机构市场持续走向成熟，人寿保险二级市场的领导者和开创者、人寿保险支持型资产类别的先驱企业 Coventry 将出席 SFVegas® 2026，与结构化金融领袖们进行深入交流。 通过其 LILY 平台，Coventry 将长寿挂钩资产构建为投资级的资产支持证券。该类证券旨在强化稳定抵押品与可预测现金流，且通常与传统市场表现不具相关性。 自 2025 年 4 月以来，LILY 计划已通过三笔证券化发行，完成了 7.5 亿美元的资产支持票据，确立了一个旨在满足机构规模需求、可重复且程序化的发行平台。 Coventry 出席 SFVegas®，反映了长寿相关 ABS 作为结构化信贷领域中一个独特细分市场的持续发展。 该公司整合了规模化的人寿保险保单获取、精算分析以及机构级证券化基础设施，以支持 LILY 的持续扩张。 Coventry 首席执行官 Reid Buerger 表示：“人寿保险支持资产类别正进入机构化成熟的新阶段。 通过 LILY，我们建立了一座程序化的证券化平台，该平台植 ...

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Rating of "aaa†(Exceptional) of Teachers Insurance and Annuity Association of America (TIAA) remain unchanged following TIAA's announcement that Nuveen, a TIAA Company, has entered into a cash acquisition of Schroders plc (Schroders). Schroders is a leading provider in active asset management, advisory and wealth management services with $1.1 trillion in as. ...

(Bloomberg) --Berkshire Hathaway Inc. slashed its holding in Amazon.com Inc. by more than 75% in the fourth quarter, while also building a stake in the New York Times Co. — Warren Buffett's last new bet as chief executive officer. Processing ContentThe conglomerate acquired 5.1 million shares of the media publishing company in the three months through December, a stake worth $351.7 million at year-end, according to a regulatory filing Tuesday. Berkshire first bought a stake in Amazon in 2019. Buffett, 95, ...

Core Insights - The company will increase its quarterly dividend to 99 cents per share from 90 cents in the previous quarter, indicating a positive outlook on financial performance [1] - The recent acquisition of RF Capital Group Inc. is exceeding initial expectations, enhancing the company's position in the wealth management sector [1] Canadian Insurance Segment - Core earnings for the Canadian insurance segment were $105 million in the fourth quarter, a decrease of 15% from $116 million a year earlier, primarily due to unfavorable morbidity in special markets, although this was partially offset by favorable mortality experience [2] - The segment also experienced higher expected earnings from individual insurance and employee plans [2] Wealth Management Segment - Core earnings in the wealth management segment rose to $127 million in the fourth quarter, up from $112 million in the same period of 2024, driven by strong net segregated fund sales and favorable financial markets [3] - The increase was partially offset by the higher impact of new insured annuities sales in group savings and retirement [3] - As of December 31, 2025, the company had $341.1 billion in assets under management and administration, reflecting a 31% year-over-year increase [3]

Core Viewpoint - Berkshire Hathaway (BRK.B) is anticipated to show an increase in revenues but a decline in earnings for the fourth quarter of 2025, with revenues expected to reach $102.9 billion, reflecting an 8.4% year-over-year growth, while earnings per share are projected at $5.19, indicating a 22.9% decrease from the previous year [1][2][7]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for BRK.B's fourth-quarter revenues is $102.9 billion, marking an 8.4% increase from the prior year [1]. - The consensus estimate for earnings is $5.19 per share, unchanged over the past 30 days, suggesting a year-over-year decline of 22.9% [2]. Earnings Surprise History - Berkshire Hathaway has a mixed earnings surprise history, beating the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 19.18% [3]. Earnings Prediction Model - The current model does not predict an earnings beat for BRK.B, as it lacks the necessary combination of a positive Earnings ESP and a favorable Zacks Rank [4][5]. Factors Influencing Q4 Results - The insurance operations are expected to benefit from improved pricing, strong policy retention, and higher average auto premiums, while underwriting profitability may have been supported by a mild catastrophe environment [6][7]. - GEICO is likely to report gains from increased policies, higher premiums, and improved operating efficiencies [8]. - The railroad subsidiary, BNSF, may face challenges from an unfavorable business mix but could see support from higher unit volumes and reduced operating expenses [9]. - The utilities and energy segment is expected to perform strongly due to increased contributions from natural gas pipelines [9]. - The Service and Retail divisions are likely to benefit from a strengthening economic backdrop, contributing to revenue growth and margin expansion [10]. Valuation and Performance - BRK.B's stock has outperformed the industry but underperformed compared to the sector and the S&P 500 in Q4 2025 [11]. - The stock is trading at a price-to-book value of 1.55X, which is lower than the industry's 1.48X, indicating attractive valuation compared to other insurers [12]. Business Model and Financial Stability - The insurance operations are a core component of Berkshire's business model, accounting for approximately one-quarter of total revenues and serving as a key growth engine [12]. - The insurance float has increased from around $114 billion in 2017 to $176 billion by Q3 2025, providing a low-cost capital source for investments [17]. - Berkshire's strong financial position supports steady share repurchases, contributing to long-term shareholder value [18]. Investment Considerations - Berkshire Hathaway's diversified business model offers stability and potential growth, particularly in its insurance segment, which is expected to benefit from solid results at GEICO and higher interest income [19]. - However, factors such as premium valuation, unfavorable return on capital, and expected earnings decline suggest caution for investors considering BRK.B stock at this time [20].