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Coventry 在 SFVegas 大会上宣布长寿相关资产支持证券的下一阶段发展计划
Globenewswire· 2026-02-18 19:44
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 ...
AM Best Comments on Credit Ratings of Teachers Insurance and Annuity Association of America Following Agreement to Acquire Schroders, plc.
Businesswire· 2026-02-18 19:07
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. ...
Berkshire cuts Amazon stake, makes bet on New York Times
Digital Insurance· 2026-02-18 18:29
(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, ...
IA posts $287M Q4 core earnings
Investment Executive· 2026-02-18 18:22
The company will pay a quarterly dividend of 99 cents per outstanding common share, compared to 90 cents in the fourth quarter of 2024.IA saw “strong and profitable growth across all business segments in the fourth quarter,” Denis Ricard, president and CEO of the firm, said in a statement. He noted that the recent acquisition of RF Capital Group Inc. is “performing ahead of our initial expectations,” strengthening iA’s position in wealth management.In the Canadian insurance segment, core earnings came in at ...
What Should You Do With Berkshire Stock Ahead of Q4 Earnings?
ZACKS· 2026-02-18 18:05
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].
What Makes NMI Holdings (NMIH) a New Buy Stock
ZACKS· 2026-02-18 18:01
NMI Holdings (NMIH) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing ear ...
UnitedHealth Group Faces New Challenges -- What Investors Need to Know
Yahoo Finance· 2026-02-18 16:35
Core Insights - UnitedHealth Group faced significant challenges in the previous year, including leadership changes and a government investigation into its Medicare billing practices [1] - The company has taken proactive measures to address its issues, including the return of former CEO Stephen Hemsley and the initiation of an independent study to improve its processes [2] - Rising healthcare costs and increased service utilization have negatively impacted UnitedHealth's earnings growth, prompting the company to adjust its pricing and cut certain plans [5] Company Actions - UnitedHealth's independent study found its processes to be "robust," while also providing recommendations for further improvement [7] - The company aims to focus on execution and anticipates increased momentum in its growth trajectory through 2027 [6] Industry Challenges - A new challenge has emerged with the Trump administration's proposal to keep Medicare Advantage payment rates flat in 2027, which could affect the profitability of insurers [8] - The proposed increase in payment rates by only 0.09% for the upcoming year raises concerns about the financial sustainability of insurers like UnitedHealth [8]
AI Wrecking Ball: What's Next For AI Stocks and Market?
See It Market· 2026-02-18 16:01
There is a wrecking ball bouncing from one stock market industry to the next and folks are calling it the “AI Scare Trade”.Any whiff of how Artificial Intelligence (AI) could potentially disrupt an existing business model or service, and stocks plunge lower. We discussed this in last week’s Ethos, “Mixed signals”, as new functionalities on Anthropic AI services impacted the software space generally. This spread to legal and other services.  This past week, the AI wrecking ball visited wealth services, r ...
Unlocking Q4 Potential of Skyward (SKWD): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2026-02-18 15:15
The upcoming report from Skyward Specialty Insurance (SKWD) is expected to reveal quarterly earnings of $0.93 per share, indicating an increase of 16.3% compared to the year-ago period. Analysts forecast revenues of $374 million, representing an increase of 22.9% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 2.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimate ...
U.S. Auto Insurance Policy Shopping and New Business Growth Continue to Break Records in Q4 with "Hot" Readings on the LexisNexis® U.S. Insurance Demand Meter
Prnewswire· 2026-02-18 14:53
U.S. Auto Insurance Policy Shopping and New Business Growth Continue to Break Records in Q4 with "Hot" Readings on the LexisNexis® U.S. Insurance Demand Meter [Accessibility Statement] Skip NavigationATLANTA, Feb. 18, 2026 /PRNewswire/ -- Shopping for U.S. auto insurance remained in high gear through the fourth quarter of 2025, according to the latest [U.S. Insurance Demand Meter] from [LexisNexis® Risk Solutions.] The quarterly year-over-year shopping growth registered "Hot", rising to 6.9% on the Demand M ...