Financial Performance - For the quarter ended December 2025, Prudential reported revenue of $14.52 billion, an increase of 11.6% year-over-year [1] - EPS for the quarter was $3.30, up from $2.96 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $13.69 billion by 6.04%, while EPS fell short of the consensus estimate of $3.37 by 2.17% [1] Key Metrics - Total Revenues from U.S. Businesses reached $8.95 billion, surpassing the average estimate of $8.12 billion, reflecting an 18% year-over-year increase [4] - Total Revenues from International Businesses were $4.42 billion, slightly above the estimated $4.35 billion, marking a 3.1% increase from the previous year [4] - Adjusted Operating Income basis for Net investment income was $4.95 billion, exceeding the average estimate of $4.81 billion [4] - Premiums totaled $7.03 billion, significantly higher than the average estimate of $6.08 billion [4] Assets Under Management - Total Assets Under Management and Administration (PGIM) amounted to $1,466.1 billion, slightly below the average estimate of $1,478.36 billion [4] - Affiliated Assets Under Management were reported at $547.1 billion, compared to the average estimate of $551.01 billion [4] - Retail customers' Assets Under Management were $267 billion, in line with the average estimate of $267.77 billion [4] - Institutional customers' Assets Under Management were $652 billion, below the estimated $659.58 billion [4] Stock Performance - Prudential's shares have returned -4.8% over the past month, while the Zacks S&P 500 composite increased by 1.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

Core Viewpoint - Prudential Financial, Inc. (PRU) has underperformed over the past year, with a loss of approximately 8% in value, primarily due to increased reinsurance costs impacting earnings [1] Financial Performance - The majority of the losses occurred in the early part of 2025, indicating a significant impact from rising reinsurance expenses on the company's financial results [1]

Core Viewpoint - Prudential Financial, Inc. (PRU) has underperformed over the past year, with a loss of approximately 8% in value, primarily due to increased reinsurance costs impacting earnings [1] Financial Performance - The majority of the losses occurred in the early part of 2025, indicating a significant impact from rising reinsurance expenses on the company's financial results [1]

Group 1 - The article discusses an investigation opportunity for customers of State Farm, Travelers, and Progressive Homeowners Insurance [1] - Customers are encouraged to join the investigation into the practices of these insurers [1] - The investigation may reveal potential issues related to insurance claims and customer service [1]

Core Insights - Aflac Incorporated will have President Virgil R. Miller participate in a fireside chat at the UBS Financial Services Conference on February 11, 2026, at 9:40 a.m. ET, which will be webcast live [1] Company Overview - Aflac Incorporated is a Fortune 500 company that has provided financial protection for over 70 years to millions of policyholders through its subsidiaries in the U.S. and Japan [2] - In the U.S., Aflac is the leading provider of supplemental health insurance products, while in Japan, Aflac Life Insurance Japan is the top provider of cancer and medical insurance based on policies in force [2] - The company has been recognized as one of the World's Most Ethical Companies for 19 consecutive years and has been included in Fortune's World's Most Admired Companies for 24 years [2] - Aflac became a signatory of the Principles for Responsible Investment in 2021 and has been part of the Dow Jones Sustainability North America Index for 11 years [2] Event Information - A replay of the presentation will be available within 24 hours after the live event [2]

Table of Contents As filed with the Securities and Exchange Commission on February 3, 2026 Registration No. 333-292735 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PRESURANCE HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Michigan 6331 27-1298795 (Primary Standard Industrial Classification Code Number) (I.R.S. Emp ...

Core Financial Performance - American Financial Group reported fourth quarter net earnings of $299 million ($3.58 per share) for 2025, an increase from $255 million ($3.03 per share) in the fourth quarter of 2024 [1] - Core net operating earnings for the fourth quarter of 2025 were $305 million ($3.65 per share), compared to $262 million ($3.12 per share) in the same period of 2024, reflecting a record quarterly underwriting profit [2] - Full year net earnings for 2025 were $10.08 per share, down from $10.57 per share in 2024, with a return on equity of 17.8% for 2025 compared to 19.0% for 2024 [1][3] Underwriting and Premiums - The Specialty Property and Casualty (P&C) insurance operations achieved a combined ratio of 84.1% in the fourth quarter of 2025, improving from 89.0% in the prior year quarter, with underwriting profit reaching a record $287 million, a 41% increase year-over-year [12][10] - Gross written premiums for the fourth quarter of 2025 increased by 2%, while net written premiums decreased by 1% compared to the same period in 2024 [13] - Average renewal rates across the P&C Group, excluding workers' compensation, were up approximately 5% for the quarter, consistent with the previous quarter [14] Investment Performance - Net investment income for the fourth quarter of 2025 was approximately 12% lower than the comparable 2024 period, primarily due to lower returns from alternative investments [22] - The annualized return on alternative investments was 0.9% for the fourth quarter of 2025, down from 4.9% in the prior year quarter [22] - For the full year 2025, the return on alternative investments was 2.5%, compared to 6.1% in 2024 [23] Shareholder Returns - The company declared a special cash dividend of $1.50 per share, payable on February 25, 2026, in addition to a regular quarterly cash dividend of $0.88 per share [9] - AFG returned over $700 million to shareholders in 2025, including a 10% increase in the quarterly dividend and special dividends totaling $4.00 per share [11] Future Outlook - The company anticipates core operating earnings per share of approximately $11.00 for 2026, with a core operating return on equity excluding AOCI of approximately 18% [10] - Assumptions for 2026 include a growth in net written premiums of 3% to 5% compared to 2025 and a combined ratio of 92.5% [10]

Core Insights - Enact Holdings, Inc. reported strong financial results for Q4 2025, with a net income of $177 million, or $1.22 per diluted share, marking an increase from $163 million in Q3 2025 and Q4 2024 [1][4] - The company emphasized its disciplined execution and resilient credit performance, despite ongoing affordability pressures and interest rate volatility in the housing market [2] Financial Performance - Q4 2025 net income was $177 million, up from $163 million in Q3 2025 and Q4 2024, with diluted earnings per share increasing to $1.22 from $1.10 and $1.05 respectively [3][4] - Adjusted operating income for Q4 2025 was $179 million, or $1.23 per diluted share, compared to $166 million and $1.12 in Q3 2025, and $169 million and $1.09 in Q4 2024 [3][4] - New insurance written (NIW) was $14 billion, a 2% increase from Q3 2025 and an 8% increase from Q4 2024 [4][7] Operational Metrics - The primary insurance in-force (IIF) reached $273 billion, a 2% increase year-over-year [1][7] - The primary persistency rate was 80%, down from 83% in Q3 2025 and 82% in Q4 2024 [4][7] - Losses incurred in Q4 2025 were $18 million, with a loss ratio of 7%, significantly lower than $36 million and 15% in Q3 2025, and $24 million and 10% in Q4 2024 [3][7] Capital Management - The company returned over $500 million to shareholders in 2025, including $121 million in dividends and $382 million in share repurchases [1][4] - As of December 31, 2025, Enact held $257 million in cash and cash equivalents and $370 million in invested assets [7] - PMIERs sufficiency was reported at 162%, approximately $1.9 billion above requirements, consistent with Q3 2025 [7] Future Outlook - The company announced a new share repurchase program with authorization to buy up to $500 million of common stock, alongside a quarterly dividend of $0.21 per share [7]

Core Insights - Prudential Financial, Inc. reported a significant increase in net income for 2025, reaching $3.576 billion or $9.99 per share, compared to $2.727 billion or $7.50 per share in 2024, indicating a strong financial performance [5][6][7] - The company emphasized its commitment to customer trust and announced a voluntary 90-day suspension of new sales in Japan to address employee misconduct issues [4][6] Financial Performance - The total net income for the fourth quarter of 2025 was $905 million or $2.55 per share, a recovery from a net loss of $57 million or $0.17 per share in the same quarter of 2024 [7][5] - After-tax adjusted operating income for 2025 was $5.161 billion or $14.43 per share, up from $4.588 billion or $12.62 per share in 2024 [5][6] - Book value per common share increased to $92.05 from $77.62 year-over-year, while adjusted book value per common share rose to $100.17 from $95.82 [5][6] Business Segments - PGIM, Prudential's global investment management business, reported adjusted operating income of $249 million for Q4 2025, down from $259 million in the previous year, primarily due to higher expenses [9][10] - U.S. Businesses achieved adjusted operating income of $1.051 billion in Q4 2025, an increase from $860 million in Q4 2024, driven by higher net investment spread results and favorable underwriting [11][12] - International Businesses reported adjusted operating income of $757 million for Q4 2025, up from $742 million in the prior year, reflecting improved underwriting results [18][19] Capital Management - Prudential returned nearly $3 billion in capital to shareholders in 2025, with $730 million returned in Q4 alone, including $250 million in share repurchases and $480 million in dividends [3][5] - The company declared a quarterly dividend of $1.40 per common share, marking a 4% increase from the previous year and the 18th consecutive year of dividend increases [5][6] Market Position - Prudential's assets under management reached $1.609 trillion, up from $1.512 trillion year-over-year, indicating strong growth in the asset management sector [5][10] - The company highlighted its strategic focus on retirement markets, benefiting from global secular tailwinds driving growth [3][4]

The Hanover Reports Record Fourth Quarter Net Income and Operating Income of $5.47 and $5.79 per Diluted Share, Respectively; Record Full-Year Net Income and Operating Income of $18.16 and $19.09 per Diluted Share, Respectively [Accessibility Statement] Skip NavigationFourth Quarter Highlights- On December 1, 2025, the Board of Directors approved an increase of 5.6% to the ordinary quarterly cash dividend- Book value per share of $100.90, up 5.1% from September 30, 2025- Net investment income of $125.8 mill ...