Core Insights - The article evaluates car insurance coverage from 20 major insurers, highlighting the importance of comprehensive policies that exceed state minimum requirements [2][20]. Group 1: Top Insurers and Ratings - American Family received the highest rating of 5 stars, offering extensive coverage options including new car replacement and pet injury coverage [3][20]. - Farmers ranked second with 4.4 stars, providing 17 policy options and a usage-based insurance program that can reduce rates by up to 15% [6][7][20]. - Allstate earned 4.2 stars, known for its wide range of customizable coverage options and competitive rates for full coverage [9][11][20]. - Liberty Mutual and The Hartford both received 3.9 stars, with Liberty Mutual offering unique options like teacher's car insurance and The Hartford providing RecoverCare coverage for home services post-accident [14][18][20]. Group 2: Coverage Options and Add-Ons - The article emphasizes that the best car insurance policies include a variety of add-ons such as accident forgiveness, diminishing deductibles, and roadside assistance [23][26]. - Insurers like American Family, Farmers, Allstate, Liberty Mutual, and The Hartford are noted for their broad selection of coverage types and add-ons, catering to drivers seeking customization [33][36]. - Specific add-on coverage availability was weighted heavily in the evaluation, accounting for 50% of the overall score for each insurer [38][39]. Group 3: Cost and Competitiveness - The average cost for full coverage car insurance varies among the top insurers, with Farmers at $151, Allstate at $182, Liberty Mutual at $180, and The Hartford at $153 [6][11][16][22]. - The article suggests that many of the top-rated insurers offer full coverage policies at or below the national average, making them competitive options for consumers [24][39]. Group 4: Methodology - The evaluation methodology involved scoring insurers based on rates, breadth of coverage offerings, and the availability of key protective add-ons, ensuring a comprehensive analysis of their offerings [36][37]. - Insurers were assessed on their total number of coverage options, with a broader selection earning higher ratings, reflecting greater flexibility for drivers [42].

Core Viewpoint - SiriusPoint (SPNT) is anticipated to show improvements in both revenue and earnings for the fourth quarter of 2025, with a revenue estimate of $776.1 million, reflecting a 26.6% year-over-year growth, and earnings expected at 54 cents per share, indicating a significant year-over-year growth of 515.4% [1][7]. Financial Performance - SiriusPoint has a history of exceeding earnings expectations, having beaten the Zacks Consensus Estimates in three quarters of 2025, with an average surprise of 49.16% [2]. - The Earnings ESP for SPNT stands at 0.00%, as both the Most Accurate Estimate and the Zacks Consensus Estimate are at 54 cents per share [4]. Factors Influencing Q4 Results - The fourth-quarter results are likely to benefit from improved performance in both the Insurance & Services and Reinsurance segments, with premium growth driven by the expansion of Surety and growth in Accident & Health (A&H) lines [5][6]. - An increase in expenses is expected due to loss and loss adjustment expenses, but prudent underwriting and a less active catastrophe environment may improve the combined ratio [6]. Stock Performance and Valuation - SPNT's stock has outperformed the industry, sector, and the S&P 500 in the fourth quarter of 2025 [10]. - The stock is currently trading at a price-to-book ratio of 1.2, which is lower than the industry average of 2.61 [11].

In capital returns, the company announced a 10% increase to its quarterly dividend to CAD 0.60 per share . Management also said it had already repurchased CAD 250 million of common shares early in 2026 and may repurchase up to 20 million shares in 2026 under a renewed normal course issuer bid.Harney said the company ended the year with over CAD 2 billion in deployable cash , “virtually unchanged” from a year earlier despite CAD 1.6 billion of share buybacks , which he framed as evidence of strong cash gener ...

Core Insights - Definity Financial reported strong financial results for Q4 and full-year 2025, driven by robust underwriting performance and the integration of the Travelers' Canadian business acquisition [3][6][12] Financial Performance - In Q4, operating earnings per share were CAD 0.99, with a combined ratio of 89.9%, attributed to strong results in personal property and commercial insurance [1] - For full-year 2025, operating earnings per share reached CAD 3.53, a nearly 33% increase from 2024, with a combined ratio of 91.6% and an operating ROE of 12.2% [2][6] - The company achieved top-line growth of 8.8% and a 16% increase in book value per share during the year [2] Acquisition Impact - The acquisition of Travelers' Canadian business, which closed on January 2, 2026, adds approximately CAD 1.5 billion in premiums and is expected to support guidance of over CAD 6.5 billion in gross written premiums (GWP) for 2026, representing a 35% increase [5][12] - Management anticipates at least CAD 100 million in annual cost synergies over three years from the acquisition, with policy conversions starting in Q2 2026 [5][9] Underwriting and Premium Growth - Personal auto gross written premiums rose 9.7% in Q4 and 8.9% for the year, with a Q4 combined ratio of 95% [8] - Personal property gross written premiums increased 11.6% in Q4 and 9% for the year, with a combined ratio of 82.7% in Q4 [8] - Commercial premiums grew 6.9% in Q4 and 8.6% for the full year, with a combined ratio of 89.1% in Q4 [8] Investment Income and Asset Management - Invested assets are just over CAD 9 billion, with a blended yield of approximately 3.4%, and net investment income is expected to exceed CAD 300 million in 2026 [4][13] - Net investment income for 2025 totaled CAD 215.7 million, up nearly 9% year-over-year, driven by higher interest income [13] Integration and Future Outlook - 2026 is expected to be a transition year focused on retention and conversion, with management projecting a combined ratio in the low- to mid-90s across personal property and commercial lines [7][11] - The company aims for a sub-95% combined ratio in 2026, with synergy realization expected to contribute more significantly in 2027 [12]

Core Viewpoint - Chubb Limited is a leading global insurance and reinsurance company with a market capitalization of approximately $130.9 billion, recognized as one of the largest property and casualty insurers worldwide [1]. Performance Summary - Over the past 52 weeks, Chubb's shares have increased by 25.5%, outperforming the S&P 500 Index, which rose by 12.9% [2]. - Year-to-date, Chubb's shares are up 7.7%, while the S&P 500 Index has experienced a slight decline [2]. - Chubb has also outperformed the State Street Financial Select Sector SPDR ETF, which has seen a 5.6% slump year-to-date [3]. Earnings Results - For Q4 2025, Chubb reported a record net income of $3.2 billion, or $8.10 per share, reflecting a year-over-year increase of about 28% [6]. - The core operating income per share for Q4 2025 was $7.52, up 24.9%, exceeding consensus expectations [6]. - The full-year 2025 net income reached a record $10.3 billion, marking an 11.2% year-over-year increase [6]. Analyst Expectations - For the fiscal year ending December 2026, analysts project Chubb's EPS to grow by 5.6% year-over-year to $26.18 [7]. - Chubb has a strong earnings surprise history, having beaten consensus estimates in the last four quarters [7]. - Among 26 analysts covering the stock, the consensus rating is a "Moderate Buy," with 10 "Strong Buy" ratings, one "Moderate Buy," 13 "Holds," one "Moderate Sell," and one "Strong Sell" [7]. Price Target Adjustments - Keefe, Bruyette & Woods recently raised its price target on Chubb Limited to $373 from $355 while maintaining an "Outperform" rating following strong Q4 2025 results [8]. - The mean price target of $338 indicates a 1.7% premium to Chubb's current price levels, while the highest price target of $385 suggests a potential upside of 15.8% [8].

Core Insights - Kinsale Capital Group reported a strong financial performance with net income and net operating earnings increasing by 27% and 25% year-over-year, respectively [1] - The company emphasized underwriting discipline and expense efficiency while navigating a competitive excess and surplus market [3] - The combined ratio for the quarter was reported at 71.7%, with a full-year operating return on equity (ROE) of 26% [2][6] Financial Performance - Diluted operating earnings per share rose by 26% year-over-year, while gross and net written premiums increased by 1.8% and 7.1%, respectively [2][6] - Book value per share increased by 33% since year-end 2024, and float grew by 23% [2][4] - The company reported a 20.8% expense ratio for the full year, slightly up from 20.6% in 2024 [12] Growth Areas and Challenges - The commercial property division was identified as a primary growth drag due to increased competition, particularly from new entrants in the market [5][6] - Excluding the commercial property division, Kinsale achieved gross written premium growth of 10.2% for the quarter [7] - The company anticipates stabilization in the commercial property segment over the next few quarters despite current competitive pressures [7] Market Conditions - Competitive intensity varies across underwriting groups, with soft pricing observed in Directors and Officers (D&O) insurance and heightened competition in large shared and layered commercial property [8][11] - Kinsale experienced growth in other property lines, including small business property and agribusiness property [8][9] Investment and Capital Management - Kinsale announced a $250 million share repurchase authorization and increased its quarterly dividend to $0.25 from $0.17 [4][14] - Net investment income increased by 24.9% in the fourth quarter, driven by strong operating cash flows [13] Technology and Innovation - The company is focusing on technology as a core competency, with a push for AI adoption across the organization [15][16] - Kinsale is methodically rolling out new products, with a notable example being the small business property division, which has grown significantly over the past five years [17][18]

Performance was driven by positive credit trends and the benefit of higher interest rates on both persistency and investment income. Management attributes the 13% book value growth to a 'buy, manage, and distribute' model that prioritizes unit economics over volume. Persistency remains high at 86% because roughly 60% of the in-force portfolio has a note rate of 6% or lower, creating a 'lock-in' effect. The portfolio default rate increase is characterized as normal seasonality and the expected season ...

Key Takeaways KNSL Q4 net operating EPS rose 25.8% to $5.81, beating estimates by 9.6%.Kinsale Capital's underwriting income jumped 23.2% as combined ratio improved to 71.7.KNSL ended 2025 with $163.4M in cash, launched a $250M buyback and raised dividend 47.1%.Kinsale Capital Group, Inc. (KNSL) delivered fourth-quarter 2025 net operating earnings of $5.81 per share, which outpaced the Zacks Consensus Estimate by 9.6%. The bottom line increased 25.8% year over year.Operating revenues increased 17.3% year ov ...

Core Viewpoint - AM Best has revised the outlook for Federated Underwriting Company from stable to positive and affirmed its Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of "a-" (Excellent) [1] Group 1: Ratings and Outlook - The outlook for Federated Underwriting Company has been changed to positive from stable [1] - The Financial Strength Rating of A- (Excellent) has been affirmed by AM Best [1] - The Long-Term Issuer Credit Rating of "a-" (Excellent) has also been affirmed [1] Group 2: Company Assessment - Federated's balance sheet strength is assessed as very strong by AM Best [1] - The company has adequate operating performance and a limited business profile [1] - Appropriate enterprise risk management practices are in place at Federated [1]

Core Insights - Essent Group reported strong financial results for the fourth quarter and full year of 2025, driven by positive credit trends and higher interest rates, leading to increased persistency and investment income [4][20] - The company expects modest growth in earned premium and insurance in force due to a challenging rate environment and high mortgage rates [2][18] Financial Performance - Fourth-quarter net income was $155 million, translating to $1.60 per diluted share, while full-year net income reached $690 million or $6.90 per diluted share, with a 12% return on average equity [3][7] - Book value per share increased by 13% year-over-year to $60.31, and mortgage insurance in force totaled $248 billion, up 2% from the previous year [2][7] - The company returned nearly $700 million to shareholders in 2025 through dividends and share repurchases, with a 13% increase in the quarterly dividend to $0.35 per share starting in Q1 2026 [15][16] Mortgage Insurance Metrics - Mortgage insurance in force ended the fourth quarter at $248.4 billion, down $452 million from the previous quarter but up $4.7 billion (1.9%) from the previous year [1][2] - Persistency was reported at 85.7% as of December 31, 2025, slightly down from 86% at the end of the third quarter [1][2] - The default rate for mortgage insurance was 2.5%, an increase of 21 basis points from the previous quarter, attributed to normal seasonality and an aging portfolio [8][6] Reinsurance and Capital Deployment - Approximately 98% of the mortgage insurance portfolio is reinsured, with Essent Re generating nearly $80 million in third-party net income on $2.3 billion of risk [5][11] - The company is expanding into Lloyd's-backed quota share property and casualty reinsurance, expecting to write $100–150 million in premium, with two-thirds earned in 2026 [5][12] Operating Expenses - Mortgage insurance operating expenses for the fourth quarter were $34.3 million, with an expense ratio of 16.1%, compared to $31.2 million and 14.4% in the prior quarter [9] - Full-year operating expenses for the mortgage insurance segment were $140 million, with expectations of approximately $145 million for 2026 [9] Management Outlook - Management anticipates modest near-term growth in earned premium and insurance in force, emphasizing a focus on unit economics over market share [18][20] - The company has not observed significant credit performance issues across different vintages or states, although Florida showed slightly higher concerns due to hurricanes [19]