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Berkshire Cuts Amazon Stake, Makes Bet on New York Times
Yahoo Finance· 2026-02-18 13:53
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. The 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, said at the time that despite ...
Progressive Reports January 2026 Results
Globenewswire· 2026-02-18 13:16
MAYFIELD VILLAGE, OHIO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended January 31, 2026: January(millions, except per share amounts and ratios; unaudited)2026 2025 ChangeNet premiums written$6,735 $6,481 4 <td ...
Goosehead’s total revenue climbs 12% to $105.3m in Q4’25
ReinsuranceNe.ws· 2026-02-18 12:00
Core Insights - Goosehead Insurance, Inc. reported total revenues of $105.3 million in Q4 2025, a 12% increase year-over-year [1] - Core revenue reached $78.2 million in Q4 2025, reflecting a 15% increase from $68 million in Q4 2024, driven by strong client retention of 85%, rising premium rates, and increased agent productivity [2] - Total written premiums were $1.1 billion, marking a 13% year-over-year growth [3] Financial Performance - Net income for Q4 2025 decreased by 12.6% to $20.8 million from $23.8 million [2] - Total operating expenses rose to $74.4 million, a 12.6% increase from $66.1 million, with adjusted operating expenses increasing 17% to $66 million [3] - Earnings per share for Q4 2025 was $0.50, with a net income margin of 20% [4] Annual Overview - For the full year 2025, total revenue increased by 16% and core revenue also grew by 16% compared to 2024 [5] - Net income for the year declined by 9.4% to $44.5 million from $49.1 million, while adjusted EBITDA rose by 14% to $113.6 million [5] Strategic Developments - The company launched its Digital Agent 2.0 platform in Texas, enhancing the digital buying experience for insurance [5] - Goosehead emphasized the importance of deep relationships with carriers and complex integrations to support its digital binding capabilities [6] - The deployment of AI in service operations aims to enhance client experience and improve cost efficiency [6]
Intercontinental Exchange arm leases Pune GCC space for ₹1.73 crore a month
MINT· 2026-02-18 11:33
Company Overview - ICE MT India Pvt. Ltd, a subsidiary of Intercontinental Exchange Inc., has opened a global capability centre (GCC) in Pune, covering 193,053 sq. ft and paying a monthly rent of ₹1.73 crore with a 15% rent escalation every three years [1][2][3] Industry Trends - The demand for large-format office spaces in Pune is robust, with the nine-year lease indicating long-term confidence in the Magarpatta micro-market as a premier IT corridor [3] - GCC leasing in India reached a record 31 million sq. ft in 2025, up from 28 million sq. ft the previous year, driven by IT-led cities like Bengaluru, Hyderabad, and Pune [4] - Pune has accounted for 15-20% of national GCC activity over the past four years, attracting multinational corporations due to quality-of-life advantages and talent availability [5][6] Market Dynamics - The GCC landscape in India has evolved, with over 90% of activity concentrated in Tier I cities, commanding more than 263 million sq. ft of Grade A office stock and driving 40% of all office leasing activity over the past decade [6] - More than 200 new GCCs have entered India in the past two years, with projections indicating the total GCC footprint will exceed 350 million sq. ft within the next three to four years, primarily driven by US-headquartered firms [7]
孩子存1000元,比你存20万利息高!咋回事?
凤凰网财经· 2026-02-18 11:08
以下文章来源于中新经纬 ,作者魏薇 中新经纬 . 中新经纬是由中国新闻社主办的财经新媒体,拥有中国互联网新闻信息采编发布服务资质。以手机客户 端(APP)等为主要传播平台,以"权威、前瞻、专业、亲和"为特色宗旨,传播财经资讯、解读经济政 策、讲述商界故事,打造精英的财经资讯平台。 "拿到压岁钱以后,我会带着孩子去银行,把钱存在银行里。"家住山东的闫女士在接受中新经 纬采访时表示。 新年到来,孩子们收到压岁钱后,家长们又在发愁如何打理。中新经纬采访发现,今年各大银行仍 然对压岁钱进行营销,并推出专属的存款产品。在存款利率下行背景下,也有家长将目光投向理 财、保险、基金等产品。 01 利率比大额存单还高? 闫女士告诉中新经纬,多年前,她就拿孩子的身份证开了一张银行卡,每年把压岁钱存进去,如今 两个孩子的压岁钱已经积累到将近 7 万元。"银行卡在孩子手里,他们觉得压岁钱存起来很开心。" 像闫女士一样的家长不在少数,很多家长会选择将孩子的压岁钱存入银行。每到春节前后,银行也 会针对压岁钱开展一系列营销,吸引家长开户。 比如招商银行手机 App 显示,该行热门活动上线了" 2026 年压岁钱有新招" 活动 。该行推出金 ...
Talanx gains full ownership of Warta and TU Europa in Poland
Yahoo Finance· 2026-02-18 09:39
Core Insights - Talanx has acquired full ownership of Polish insurance companies Warta and TU Europa, concluding its partnership with Meiji Yasuda Life Insurance Company [1][3] - The share transfer was finalized on February 16, 2026, after both parties agreed to end their alliance on December 31, 2025 [1] - Talanx purchased Meiji Yasuda's remaining 24.3% share in Warta and 50% minus one share in TU Europa [1] Financial Performance - Warta recorded insurance revenue of approximately €2.7 billion ($3.1 billion) in 2024 and employed around 3,000 staff [2] - TU Europa reported €168 million in insurance revenue last year with a workforce of roughly 350 [3] Historical Context - Talanx and Meiji Yasuda's partnership began in November 2010, involving joint investments in Polish subsidiaries starting in 2012 [3] - Talanx has been operating in Poland through Warta since 2012 [2] Management Statements - Talanx's board management chairman expressed gratitude to Meiji Yasuda for their long-standing partnership, highlighting its positive impact on the company's development [4]
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs
Insurance Journal· 2026-02-18 09:34
Munich Re’s primary insurance unit ERGO aims to cut about 1,000 positions in Germany, partly as a result of its increased use of artificial intelligence.The cuts affect simple and repetitive tasks in telephony and claims processing, a spokesman said on Tuesday. They will take place over five years through the end of 2030, with ERGO saying there will be no forced redundancies during this time. Companies in the finance industry are increasingly using AI to speed up services and cut costs. Late last year, ING ...
10 Middle Class Careers That Won’t Survive AI — And the Wealth Strategy That Will
New Trader U· 2026-02-18 09:31
Core Insights - The rise of AI technology is dismantling traditional middle-class careers, particularly in white-collar sectors, rather than blue-collar jobs [1][2] Group 1: Vulnerable Careers - Data entry and processing clerks are facing a projected 35% decline by 2032, equating to approximately 53,000 jobs lost in the US [4] - Paralegals and legal assistants are being replaced by AI tools that can conduct legal research and draft documents significantly faster, with a reported 60% reduction in case preparation time [6] - Insurance underwriters are seeing a shift as AI systems evaluate risk profiles and make coverage decisions more efficiently, with McKinsey estimating 25% of tasks in the insurance industry to be fully automated by 2030 [8] - Bookkeepers and accounting clerks are increasingly being replaced by AI platforms that automate transaction categorization and financial reporting [10] - Customer service representatives are being replaced by AI chatbots, with companies like Klarna saving $40 million annually by replacing 700 agents [12] - Loan officers and mortgage processors are becoming obsolete as AI-driven platforms can assess creditworthiness and approve loans faster than traditional methods [15] - Medical coders and billing specialists are facing job losses as AI systems automate coding and claims processing with high accuracy [17] - Junior and mid-level financial analysts are at risk as AI tools can generate reports and identify market trends, potentially replacing significant portions of the workforce [19] - Technical writers are seeing a decline in demand as AI can generate documentation with minimal human input [21] - Administrative and executive assistants are being replaced by AI tools that manage scheduling and communication tasks [23] Group 2: Wealth Strategy - The article suggests that the conventional career path is breaking down, and the future lies in leveraging AI tools to create one-person businesses [24] - By utilizing AI, individuals can offer services that were previously managed by teams, thus transforming the traditional employment model [26] - The shift towards AI-powered businesses allows individuals to scale their output and create value without competing for traditional salaried positions [27]
Willis launches Reputational Risk Quantification Model for celebrity endorsement risk
Globenewswire· 2026-02-18 09:00
Core Insights - Willis, a WTW business, has launched a Reputational Risk Quantification Model specifically for celebrity endorsements, utilizing extensive datasets from Polecat to assess reputational risks associated with celebrity endorsers and brand ambassadors [1][3]. Industry Overview - The Global Reputational Risk Readiness Survey 2024/25 indicates that 99% of companies consider reputation among their top 10 risks, with notable sectors including Leisure and Hospitality (53%), Retail (43%), Manufacturing (51%), Transportation (34%), and NGOs/Charities (48%) ranking it in their top five [2]. Model Features - The new model employs advanced risk analytics and real-time intelligence from Polecat to evaluate the potential impact on sales and profits in scenarios where celebrity endorsers face reputational damage, providing brands with data-driven insights for better decision-making and proactive risk management [4]. Expert Commentary - James Gillespie, Head of Data & Analytics at Willis, emphasized that reputation is increasingly viewed as an asset class, and the model transforms subjective judgments into quantifiable insights, allowing clients to understand the financial implications of celebrity endorsements [5]. - James Lawn, CEO at Polecat, noted that the model enables organizations to quantify previously intangible reputational risks, enhancing their ability to manage these risks effectively [5]. Upcoming Events - Willis will host a Reputational Risk Roundtable event on February 26, 2026, aimed at senior executives and risk professionals, focusing on the new Celebrity endorsement feature and discussing various aspects of managing reputation risks [5].
Talanx acquires remaining shares in Polish subsidiaries from Meiji Yasuda
ReinsuranceNe.ws· 2026-02-18 08:00
Following the mutually agreed-upon expiration of their strategic partnership on December 31, 2025, Talanx AG, a major German-based multinational insurance and reinsurance group, has acquired the shares held by Meiji Yasuda Life Insurance Company in their Polish joint ventures.Talanx exercised its purchase options on the shares held by the Japanese life insurer Meiji Yasuda in its Polish subsidiaries: 24.3% of Towarzystwo Ubezpieczeń i Reasekuracji Warta S.A. (Warta) and 50.0% minus one share of Towarzystwo ...