Core Viewpoint - Admiral Group has announced the acquisition of Flock, a digital commercial fleet insurance provider, valued at £80 million, pending regulatory approval [1][2]. Group 1: Acquisition Details - The acquisition aims to enhance Admiral's focus on commercial motor customers and is part of a strategy to evolve and futureproof its motor insurance offerings [2][5]. - Flock's technology platform will integrate into Admiral's fleet insurance proposition, with Flock's CEO joining Admiral Pioneer’s leadership team [5][6]. Group 2: Flock's Technology and Market Position - Flock utilizes AI-driven risk models based on extensive real-world driving data to provide personalized safety guidance to commercial fleet customers [3][13]. - The company has established itself as a leader in the motor fleet insurance sector, having raised over £40 million from notable venture capital investors [13]. Group 3: Strategic Implications - The acquisition is expected to provide Admiral with immediate access to a high-growth segment and enhance its existing strengths in data, technology, and customer service [2][7]. - The transaction is projected to complete in Q2 2026, with a minimal impact on Admiral's solvency ratio, ensuring the company remains above target levels [6].

Core Insights - The company reported a 24% increase in Investment and Savings Products (ISP) sales, which offset a 10% decline in new Term Life policies, indicating a shift in consumer priorities due to cost-of-living pressures [3] - Management attributes the slowdown in Term Life policies to middle-income families focusing on immediate expenses rather than long-term protection [3] - The ISP segment's growth was driven by aging clients reallocating assets into annuity solutions with income guarantees, showcasing the stability of the business model [3] Strategic Performance Drivers - The company’s relationship-based distribution model is seen as a competitive advantage against AI and automated wealth management tools [3] - Operational efficiency has improved as the ISP business transitions towards higher-margin managed accounts and fee-based advisory services [3] 2026 Outlook and Strategic Assumptions - Management projects a 2% to 3% growth in Term Life policies for 2026, assuming wage growth will outpace inflation [6] - ISP sales growth is forecasted at 5% to 7%, considering potential equity market volatility [6] - The life-licensed sales force is expected to expand by 1% as recruiting activity recovers [6] Financial Management and Capital Strategy - The company plans to execute $475 million in share repurchases through 2026, supported by high free cash flow conversion [6] - Consolidated expenses are projected to grow by 7% to 8% due to technology investments and enhanced sales training initiatives [6] - A loan was executed between the primary U.S. life subsidiary and the holding company to optimize capital conversion and support shareholder returns [6] Operational Context - Lapse rates remain elevated compared to long-term reserve assumptions, but normalization is expected as economic pressures ease [6] - Technology spending is increasing to modernize infrastructure for the ISP segment, which has doubled in volume over the last three years [6] - The portfolio's $113 million net unrealized loss is attributed to interest rate movements rather than credit concerns [6]

Fourth Quarter and Full Year 2025 Financial & Operating Results February 12, 2026 Caution regarding forward-looking statements From time to time, MFC makes written and/or oral forward-looking statements, including in this document. In addition, our representatives may make forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the "safe harbour" provisions of Canadian provincial securities laws and the U.S. Private Securities Litigation Refor ...

Earnings Supplement Fourth Quarter 2025 February 12, 2026 1 Forward-Looking Statements – Cautionary Language Certain statements made in this presentation and in other written or oral statements made by Lincoln or on Lincoln's behalf are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). A forward-looking statement is a statement that is not a historical fact and, without limitation, includes any statement that may predict, forecast, indicate or ...

Core Viewpoint - Aon has appointed Joe Peiser as CEO of Risk Capital to enhance its capabilities in navigating increasing volatility and connecting risk with efficient capital solutions [1] Group 1: Leadership Appointment - Joe Peiser will lead Aon's Risk Capital capabilities across Commercial Risk and Reinsurance Solutions, reporting to Andy Marcell, CEO of Global Solutions [1] - Aon is currently searching for a new CEO of Commercial Risk, indicating a strategic restructuring within the leadership [1] Group 2: Strategic Focus - Peiser's appointment aligns with Aon's strategy to strengthen its Risk Capital offerings, helping clients manage complex risk environments [1] - The firm aims to enhance its Risk Capital strategy through innovation in risk-transfer instruments, advisory expansion, advanced analytics, and capital distribution across various markets [1] Group 3: Peiser's Background - Joe Peiser has over 30 years of industry experience, including roles in broking leadership, risk consulting, and client advisory across North America, the UK, and Bermuda [1] - He joined Aon in 2021 as Commercial Risk Leader for North America and became Global CEO of Commercial Risk in 2023, showcasing a rapid career progression within the company [1] Group 4: Client-Centric Approach - Peiser emphasized the importance of Aon's ability to connect expertise, analytics, and diverse capital pools to help clients make informed decisions [1] - The firm aims to deliver impactful end-to-end solutions that enhance client value through a more connected and analytics-enabled capital ecosystem [1]

Core Insights - AXA and Planet Labs have formed a strategic partnership to enhance disaster management and prevention through high-frequency satellite imagery and AI-powered risk management systems [1] - The collaboration aims to provide near-real-time monitoring and predictive capabilities for natural disasters, including floods, wildfires, and hurricanes, leveraging Planet's daily global satellite data [1] Company Overview - Planet Labs GmbH is a leading provider of daily data and insights about changes on Earth, operating the largest Earth observation fleet of imaging satellites [1] - AXA Digital Commercial Platform (AXA DCP) is a new arm of AXA focused on comprehensive risk management, integrating technology, vast datasets, and AI to address challenges posed by climate change [1] Partnership Details - The partnership will integrate Planet's high-resolution satellite data into AXA DCP's platform, enabling smarter claims monitoring and improved disaster preparedness [1] - AXA DCP aims to provide clients with a "ground truth" layer of environmental intelligence to facilitate preventative actions against extreme weather events [1] Industry Impact - The collaboration is expected to empower the insurance industry by enhancing predictive models and global risk analysis, particularly in disaster preparedness and environmental monitoring [1] - The integration of satellite data is seen as critical for navigating environmental volatility and protecting communities from the increasing frequency of extreme weather events [1]

国家金融监管总局发布2025年四季度 银行业 保险业主要监管指标数据情况。其中，2025年四季度末， 我国银行业金融机构本外币资产总额480万亿元，同比增长8.0%。其中，大型商业银行本外币资产总额 210.8万亿元，同比增长10.8%，占比43.9%；股份制商业银行本外币资产总额77.8万亿元，同比增长 4.8%，占比16.2%。2025年四季度末，保险公司和保险资产管理公司总资产41.3万亿元，较年初增长 15.1%。其中，财产险公司3.1万亿元，较年初增长7.5%；人身险公司36.4万亿元，较年初增长15.4%； 再保险公司8573亿元，较年初增长3.5%；保险资管公司1456亿元，较年初增长14%。 ...

Core Insights - Lincoln Financial reported strong financial results for the fourth quarter and full year ended December 31, 2025, highlighting sustained momentum and balanced growth across all business segments [1] Financial Performance - Fourth quarter net income available to common stockholders was $745 million, translating to $3.80 per diluted share [1] - Adjusted operating income for the fourth quarter available to common stockholders was $434 million [1]

新华 近期,上市公司春节前分红持续推进。记者从中国证监会获悉,2025年12月至2026年1月底,沪深北证券交 易所235家上市公司在春节前两个月实施春节前分红,金额合计3488亿元,超2025年春节前分红总额。其 中,金融和大消费行业是分红主力。银行业春节前分红2434亿元,占比近七成；保险业合计分红54亿元,11 家券商分红55亿元。 ...

Core Insights - AIG reported a net income of $735 million for Q4 2025, a decrease from $898 million in the same quarter last year [1] - The company achieved a net income of $3.1 billion for the full year 2025, a significant recovery from a net loss of $1.4 billion in 2024 [2] - AIG's general insurance gross written premiums (GWP) for 2025 were $35.83 billion, with a combined ratio of 90.1%, an improvement from 91.8% in the previous year [3] Financial Performance - In Q4 2025, AIG's property and casualty (P&C) business reported gross written premiums of $8.07 billion, slightly up from $8.02 billion a year ago [1] - The net written premiums (NWP) for the P&C division were $6.04 billion, down 1% from $6.06 billion in Q4 2024 [1] - North America commercial NWP reached $2.29 billion, an increase of 2.8%, with a combined ratio improving to 84.7% from 98.8% [2] Investment Income - Total net investment income for Q4 2025 was $872 million, a decline of 34% from $1.3 billion in the prior-year quarter [2] - For the full year, total net investment income was $4.2 billion, down 1% from $4.3 billion, primarily due to a decline in other investments [3] Shareholder Returns - AIG returned $6.8 billion to shareholders in 2025, which included $5.8 billion in share repurchases and approximately $1 billion in dividends [4] Leadership Changes - AIG's chairman and CEO Peter Zaffino announced that 2025 was an exceptional year for the company, with significant progress and financial results [5] - Eric Andersen has been appointed as president and CEO-elect, set to take over on February 16, 2026, as Zaffino transitions to executive chair [6]