一、同意中华联合财产保险股份有限公司理塘支公司将营业场所变更为：四川省甘孜藏族自治州理塘县 高城镇格聂东路118号二楼 二、中华联合财产保险股份有限公司应按照有关规定及时办理变更及许可证换领事宜。 2025年8月8日，甘孜金融监管分局发布批复称，《中华联合财产保险股份有限公司甘孜州中心支公司理 塘支公司变更营业场所的请示》（中华财险川甘〔2025〕49号）收悉。经审核，现批复如下： ...

Core Insights - Warren Buffett's Berkshire Hathaway revealed new investments and changes in its portfolio during the second quarter, as disclosed in the latest 13F filing [1] New Positions - Berkshire Hathaway added several new stock positions in the second quarter, including homebuilder stocks [2] - The filing indicated a complete exit from T-Mobile US, marking it as the only fully dissolved position in the quarter [3] Changes in Existing Holdings - Significant increases in stakes were noted for Pool Corporation (+136%), Lennar Corporation Class B (+19%), Constellation Brands (+12%), Heico Corporation (+11%), Chevron Corporation (+3%), and Dominos Pizza (+1%) [5] - Decreased stakes included T-Mobile US (-100%), Charter Communication (-46%), Liberty Media Corporation Formula 1 (-14%), Apple Inc (-7%), Bank of America (-4%), and DaVita Inc (-4%) [5] Top Holdings - As of June 30, 2025, the largest stock holdings in the Berkshire Hathaway portfolio included: - Lennar Corporation Class A: 7,048,993 shares - Nucor Corporation: 6,614,112 shares - UnitedHealth Group: 5,039,564 shares - DR Horton Inc: 1,485,350 shares - Lamar Advertising: 1,169,507 shares - Allegion PLC: 780,133 shares [4] Portfolio Composition - The portfolio's largest holdings by value included: - Apple Inc: $57.4 billion (22% of portfolio) - American Express Inc: $48.4 billion (19% of portfolio) - Bank of America: $28.6 billion (11% of portfolio) - Coca-Cola Company: $28.3 billion (11% of portfolio) - Chevron Corporation: $17.5 billion (6.8% of portfolio) [6]

Core Insights - Berkshire Hathaway has acquired a new stake in troubled insurer UnitedHealth, building this position over two consecutive quarters [1][2] - The investment amounts to over 5 million shares, valued at approximately $1.6 billion, making it the 18th largest position in Berkshire's portfolio [2] - Berkshire's overall equity portfolio is valued at around $300 billion, suggesting that the purchase may have been driven by investment managers Todd Combs and Ted Weschler rather than Warren Buffett himself [3] - Following the announcement of this investment, UnitedHealth's stock experienced a 6% increase in extended trading [3]

Legal & Compliance - Insurance broker Aon 被指控协助导致以色列保险初创公司 Vesttoo 倒闭 [1] - Vesttoo 在披露某些支撑其业务的文件被伪造后破产 [1]

Group 1 - Fidelis Insurance Group held its Second Quarter 2025 Earnings Conference Call, featuring key executives including CEO Dan Burrows and CFO Allan Decleir [2][4] - The call was recorded for replay purposes and included a question-and-answer session following the formal remarks [2] - Miranda Hunter, Head of Investor Relations, welcomed participants and introduced the management team [3][4]

Core Viewpoint - Security National Financial Corporation (SNFC) reported a decline in after-tax earnings for the second quarter and first half of 2025, attributing part of the decrease to challenges in the mortgage industry and ongoing efforts to improve sales and operational efficiency [1][2]. Financial Performance - For Q2 2025, after-tax earnings decreased by 10% to $6,506,000 from $7,271,000 in Q2 2024, while for the first half of 2025, earnings fell by 26% to $10,845,000 from $14,746,000 in the same period of 2024 [1]. - The company achieved an annualized Return On Equity (ROE) of 8% for the first half of 2025, which is below the 10-year average of 13.3% [1]. - Total revenues for Q2 2025 were $89,541,000, a 4.4% increase from $85,791,000 in Q2 2024, while total earnings before taxes decreased by 11.2% to $8,337,000 from $9,390,000 [5]. Segment Performance - **Life Insurance Segment**: Revenues increased by 9.1% to $51,525,000 in Q2 2025, with earnings before taxes rising by 14.6% to $8,214,000 [5]. - **Cemetery and Mortuary Segment**: Revenues decreased by 1.7% to $8,140,000, with earnings before taxes down by 14.2% to $1,794,000 [5]. - **Mortgage Segment**: Revenues fell by 1.3% to $29,876,000, with a loss before taxes of $1,671,000 compared to a profit of $134,000 in Q2 2024 [5]. Strategic Initiatives - The company has made significant investments in residential land holdings, totaling approximately $50 million, aiming for higher future yields despite sacrificing current income [3]. - SNFC is focused on improving sales performance across all segments, including a recent reorganization of the executive sales staff to enhance sales capabilities [4][5]. - The company anticipates that increased life insurance premium rates will contribute an additional 1.5 percentage points to ROE in the short term [1]. Market Context - The mortgage market remains challenging, with increased commission expenses impacting profitability, although the company believes it is performing comparably to industry peers [5]. - The nationwide cremation rate has surpassed 50%, influencing revenue dynamics in the Cemetery and Mortuary Segment [4].

Core Viewpoint - A class action lawsuit has been filed against SelectQuote, Inc. for misleading statements and illegal practices related to Medicare insurance plans during the Class Period from September 9, 2020, to May 1, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit alleges that SelectQuote directed Medicare beneficiaries to plans that compensated the company rather than providing unbiased comparisons [5]. - It claims that SelectQuote received illegal kickbacks to steer beneficiaries towards certain insurers, violating applicable laws and regulations [5]. - The lawsuit asserts that the positive statements made by SelectQuote regarding its business were materially misleading and lacked a reasonable basis [5]. Group 2: Class Action Participation - Investors who purchased SelectQuote securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed by October 10, 2025, to represent the class in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions for investors [4].

Mercury's New Umbrella Insurance Better Protects Floridians' Personal Wealth Against Bodily Injury Claims LOS ANGELES, Aug. 14, 2025 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Floridians' personal financial health at risk. In fact, bodily injury payouts continue to climb year over year since the pandemic started, with the average amount for a liability claim increasing by 35%, according to Mercury In ...

Core Insights - Aflac Incorporated (AFL) has expanded its share repurchase program by adding 100 million shares to the existing 30.9 million, bringing the total buyback capacity to approximately 130.9 million shares, indicating management's confidence in the company's long-term prospects [1][8] - In Q2, Aflac repurchased 7.9 million shares for $829 million and declared a dividend of 58 cents per share, with a dividend yield of 2.24%, surpassing the industry average of 2.05% [2][8] - Aflac ended Q2 with $7 billion in cash and cash equivalents, an 11.8% increase from year-end 2024, and maintained a total debt-to-capital ratio of 24.7%, below the industry average [3] Financial Performance - Adjusted net investment income rose to $1 billion in Q2, with the U.S. segment's pre-tax profit margin improving to 21.6% from 21.1% in 2024 [3] - Aflac Japan reported an 18.7% year-over-year sales increase to $236 million in H1 2025, driven by sales momentum from Miraito and new product launches [4][8] Industry Context - Other insurers like Aon plc and Marsh & McLennan are also engaging in shareholder-friendly initiatives, including share repurchase programs and dividends [5] - Aon repurchased 0.7 million shares for approximately $250 million in Q2, while Marsh & McLennan bought back 1.4 million shares worth $300 million [6] Valuation and Estimates - Aflac shares have gained 2.2% year-to-date, slightly outperforming the industry growth of 2% [7] - The company trades at a forward price-to-earnings ratio of 14.91, above the industry average of 12.14, with a Zacks Consensus Estimate for 2025 earnings at $6.81 per share, reflecting a 5.6% decline from the previous year [10][11]

Company Overview - Investors Title Company (NASDAQ: ITIC) is one of the largest title insurance companies in the United States, generating net premiums written of $204 million in FY 2024 and almost $101 million in the first half of the fiscal year [1] Investment Focus - The investment group European Small Cap Ideas focuses on high-quality investment opportunities in the small-cap space, emphasizing capital gains and dividend income for continuous cash flow [1] Portfolio Features - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content on European investing opportunities [1]