Key Takeaways Progressive invests in AI and telematics to improve pricing accuracy and uncover new growth avenues.The Snapshot program uses driving behavior data to enhance risk segmentation and profitability.Digital tools and predictive analytics streamline claims, detect fraud and improve customer satisfaction.Progressive Corporation (PGR) stands out as a technology-driven leader in the insurance industry, using innovation to streamline operations, enhance customer service and keep pricing competitive. Th ...

Key Takeaways MKL pursues strategic acquisitions to boost insurance operations and grow Markel Ventures revenues.MKL maintains a strong capital position and robust cash reserves, ensuring financial flexibility.MKL shares have risen 26.7% in the past year compared with the industrys growth of 2%.Shares of Markel Group Inc. (MKL) have rallied 26.7% in the past year, outperforming its industry, the Finance sector and the Zacks S&P 500 composite’s growth of 2%, 18.9% and 18.1%, respectively. Markel Group has ou ...

Key Takeaways RDN expects the private mortgage insurance market to remain around $300 billion in 2025.New business growth and rising annual persistency rates continue to expand its insurance-in-force portfolio.RDN focuses on core, fee-based businesses with higher growth potential, recurring revenue streams.Shares of Radian Group Inc. (RDN) have gained 9.3% in the year-to-date period, outperforming its industry, the Finance sector, and the Zacks S&P 500 composite’s growth of 2.6%, 9.1% and 8.3%, respectively ...

Nigeria increased capital requirements for insurance businesses fivefold and gave operators a year to comply or risk losing their licenses https://t.co/dxA3hkC8lA ...

Not for distribution to U.S. News wire services or dissemination in the U.S. VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) and 1543965 B.C. Ltd. (the “Purchaser”), a subsidiary of Fairfax Financial Holdings Limited (collectively with its affiliates, “Fairfax”) are pleased to announce the successful closing of the previously announced plan of arrangement (the “Transaction”) pursuant to which the Purchaser acquired all of the issued and ...

Core Viewpoint - A class action lawsuit has been filed against SelectQuote, Inc. due to allegations of receiving illegal kickbacks from health insurance companies and misleading Medicare beneficiaries [1][3][4]. Group 1: Legal Allegations - The U.S. Department of Justice filed a complaint against SelectQuote, alleging that from 2016 to at least 2021, the company received "tens of millions of dollars" in illegal kickbacks for steering Medicare beneficiaries to specific insurance plans [3]. - The complaint claims that SelectQuote made materially false statements regarding its services, asserting it provided unbiased coverage comparisons while actually directing beneficiaries to the most profitable plans for the company [4]. - SelectQuote is accused of failing to disclose significant adverse facts about its business practices, including directing beneficiaries to plans based on compensation rather than quality [4]. Group 2: Financial Impact - Following the DOJ's announcement, SelectQuote's stock price dropped by $0.61, or 19.2%, closing at $2.56 per share on May 1, 2025, with unusually high trading volume [3]. Group 3: Investor Actions - Investors who purchased SelectQuote securities between September 9, 2020, and May 1, 2025, are encouraged to contact Bragar Eagel & Squire for potential legal recourse [1][5]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is October 10, 2025 [1].

COLUMBUS, Ga., Aug. 12, 2025 /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) today announced that its Board of Directors has authorized the purchase of up to 100 million shares of its common stock. This authorization is in addition to the 30.9 million shares as of June 30, 2025, that remained under the November 8, 2022 authorization, bringing the total number of shares available for purchase to approximately 130.9 million. The company anticipates that the repurchase of shares will be conducted from time to t ...

Core Insights - Slide Insurance Holdings, Inc. reported a strong second quarter for 2025, achieving significant year-over-year growth across key financial metrics, including gross premiums written, net income, and combined ratio [1][3][9]. Financial Performance - Gross premiums written increased by 25.0% year-over-year to $435.4 million, up from $348.3 million in the prior-year period, driven by the acquisition of additional policies and consistent renewal rates [4][9]. - Net income grew by 30.5% year-over-year to $70.1 million, compared to $53.7 million in the prior-year period, with diluted earnings per share at $0.56 [1][11][9]. - Total revenue rose by 25.1% to $261.6 million, compared to $209.1 million in the prior-year period, primarily due to increased net premiums earned [6][9]. Underwriting and Loss Ratios - The combined ratio improved by 250 basis points year-over-year to 67.4%, compared to 69.9% in the prior-year period, indicating better underwriting performance [1][10][9]. - The loss ratio improved by 850 basis points to 37.4%, down from 45.9% in the prior-year period, reflecting effective management of losses and expenses [7][9]. Operational Metrics - Policies in force as of June 30, 2025, totaled 348,439, an increase from 275,178 as of June 30, 2024, indicating strong growth in policy renewals and acquisitions [5][26]. - Policy acquisition and other underwriting expenses increased to $32.1 million from $17.8 million in the prior-year period, attributed to a higher number of policies in force [8][10]. Capital and Shareholder Value - The company completed its initial public offering in June 2025, which contributed to the growth in equity and overall financial strength [1][3]. - Return on equity for the quarter was 10.0%, down from 16.9% in the prior-year period, influenced by the increase in equity due to retained earnings and IPO proceeds [11][9]. Technology and Strategy - The company leverages advanced underwriting technology and a well-capitalized balance sheet to enhance its growth strategy and create long-term shareholder value [3][18].

SAN FRANCISCO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- After investors in SelectQuote (NYSE: SLQT) saw the price of their shares tumble over 19% on May 1, 2025 when the U.S. Department of Justice announced it had intervened in a lawsuit against the company, a securities class action lawsuit, styled Pahlkotter v. SelectQuote, Inc. et al., No. 1:25-cv-06620 (S.D.N.Y.) has been filed. The suit seeks to represent investors who purchased or otherwise acquired SelectQuote securities between September 9, 2020 and May 1, ...

Shares of Investors Title Company (ITIC) have gained 5.4% since the company reported its earnings for the quarter ended June 30, 2025. This compares to the S&P 500 index’s 1.3% change over the same time frame. Over the past month, the stock has gained 12.2% compared with the S&P 500’s 2% growth, signaling notably stronger momentum than the broader market.For the second quarter of 2025, Investors Title reported net income of $6.48 per share, up from $4.70 per share a year earlier, an increase of about 38% ye ...