Financial Performance - Q2 2025 - Total revenue increased to $378811000, an 11% growth compared to Q2 2024's $339840000[7] - Retained commissions and fees reached $305225000, a 13% increase from Q2 2024's $271184000[7] - Adjusted EBITDA rose to $85512000, a 14% increase from $74888000 in Q2 2024[7] - Adjusted net income increased by 23% to $49510000, compared to $40339000 in Q2 2024[7] Financial Performance - Year-to-Date 2025 - Total revenue reached $792216000, a 10% increase compared to YTD 2024's $720207000[7] - Retained commissions and fees increased to $652807000, an 11% rise from YTD 2024's $590514000[7] - Adjusted EBITDA grew to $199307000, a 13% increase from $176574000 YTD 2024[7] - Adjusted net income increased by 19% to $126068000, compared to $106255000 YTD 2024[7] Strategic Acquisition - Westwood acquired Hippo's homebuilder distribution network on July 1, 2025[15] - The acquired network has approximately $29 million in LTM revenue[12] - The acquisition is expected to contribute ~$7 million in NTM Adjusted EBITDA[12]

Q2 2025 Performance Highlights - Porch Shareholder Interest revenue reached $107 million[20], with a gross profit of $89.2 million[20] and an 83% gross margin[20] - Adjusted EBITDA for Porch Shareholder Interest was $15.6 million[20], representing a 15% margin[20] - Reciprocal Written Premium (RWP) grew to $120.7 million[20], a $72 million increase or 431% increase year-over-year[20, 21] - Porch Shareholder Interest Cash Flow from Operations was $14.9 million[20] Reciprocal Performance - The Reciprocal's surplus combined with non-admitted assets reached $299 million as of June 30, 2025[27], a $102 million increase compared to the prior quarter[27] and a $259 million increase compared to the prior year[27] - The company estimates that a ~$300M surplus could potentially drive ~$1.5B Reciprocal Written Premium and ~$240M Insurance Services Adjusted EBITDA[29] Segment Performance - Insurance Services revenue was $67.4 million with a gross profit of $57.9 million and Adjusted EBITDA of $19.7 million[42], representing an 86% gross margin and 29% Adjusted EBITDA margin[42, 50] - Software & Data revenue was $24.0 million with a gross profit of $18.2 million and Adjusted EBITDA of $5.5 million[42], representing a 76% gross margin and 23% Adjusted EBITDA margin[42, 54] - Consumer Services revenue was $17.7 million with a gross profit of $15.2 million and Adjusted EBITDA of $2.0 million[42], representing an 86% gross margin and 11% Adjusted EBITDA margin[42, 58] Guidance - The company increased its 2025 revenue guidance to $405 million - $425 million[68], gross profit guidance to $328 million - $342 million[68], and Adjusted EBITDA guidance to $65 million - $70 million[68]

Core Insights - Heritage Insurance Holdings, Inc. reported strong financial results for the second quarter of 2025, highlighting a successful execution of strategic initiatives that have positively impacted earnings since late 2023 [3][12][32] - The company has focused on disciplined underwriting and improving customer service, which has led to significant earnings power and a favorable market position for growth [3][4] Financial Performance - Total revenues for Q2 2025 were $208.0 million, a 2.2% increase from $203.6 million in Q2 2024 [6][30] - Net income reached $48.0 million or $1.55 per diluted share, a substantial increase of 154.5% from $18.9 million or $0.61 per diluted share in the prior year quarter [7][12] - The net loss ratio improved to 38.5%, a 17.2-point decrease from 55.7% in the same quarter last year, reflecting lower losses and better underwriting performance [18][20] Strategic Initiatives - The company has suspended quarterly shareholder dividends to prioritize strategic growth, with ongoing evaluations for future dividend distributions and stock repurchases [5] - Key strategic initiatives include generating underwriting profit through rate adequacy, maintaining a balanced portfolio, and enhancing customer service and claims capabilities [8][4] Underwriting and Premiums - Gross premiums written were $411.0 million, down 3.2% from $424.5 million in the prior year quarter, while gross premiums earned increased by 1.0% to $353.6 million [14][15] - Net premiums earned rose by 3.2% to $196.3 million, driven by higher gross premiums and a reduction in ceded premiums [16][7] Book Value and Equity - Book value per share increased to $12.36 as of June 30, 2025, up 48.6% from $8.32 a year earlier, primarily due to net income and a reduction in unrealized losses on fixed income securities [26][12] - Return on average equity improved to 53.9%, up from 30.8% in the prior year quarter, indicating strong profitability [9][12] Market Position - The company has opened nearly all of its capacity for new business, compared to only 30% a year ago, which has contributed to a 46.3% increase in new business premiums written [3][12] - Premiums-in-force totaled $1.43 billion, reflecting a slight increase of 0.5% compared to $1.42 billion in Q2 2024 [13][24]

WEST DES MOINES, Iowa, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Athene announced that it has declared the following preferred stock dividends on its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock), payable on September 30, 2025 to holders of record as of September 15, 2025. Quarterly dividend of $396.875 per share on the company’s 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series A (the “Series A Pre ...

Core Insights - Aflac Incorporated reported a significant decline in total revenues and net earnings for the second quarter of 2025 compared to the same period in 2024, primarily due to net investment losses [2][3][7] Financial Performance - Total revenues for Q2 2025 were $4.2 billion, down 19.0% from $5.1 billion in Q2 2024 [2][27] - Net earnings fell to $599 million, or $1.11 per diluted share, a decrease of 65.9% from $1.8 billion, or $3.10 per diluted share, a year earlier [2][27] - Adjusted earnings for Q2 2025 were $957 million, down 7.5% from $1.0 billion in Q2 2024 [4][32] Investment Performance - The company experienced net investment losses of $421 million in Q2 2025, compared to net investment gains of $696 million in Q2 2024 [3][37] - Adjusted net investment income for Q2 2025 was $1.036 billion, a slight increase of 0.3% from $1.033 billion in Q2 2024 [38] Shareholder Equity - Shareholders' equity increased to $27.2 billion, or $50.86 per share, at June 30, 2025, compared to $26.0 billion, or $46.40 per share, at June 30, 2024 [6][39] - The annualized return on average shareholders' equity for Q2 2025 was 9.0% [6][40] Segment Performance - Aflac Japan's net earned premiums in yen decreased by 4.8% to ¥254.6 billion in Q2 2025, primarily due to internal cancer reinsurance transactions [9][10] - In dollar terms, Aflac U.S. net earned premiums increased by 3.4% to $1.5 billion in Q2 2025, reflecting improved sales and persistency [14][15] Sales and Growth - Total new annualized premium sales in Aflac Japan increased by 23.2% to ¥20.7 billion, or $143 million, in Q2 2025 [13] - Aflac U.S. sales increased by 2.7% in Q2 2025 to $340 million, benefiting from group life and disability products [16] Capital Management - The board declared a third-quarter dividend of $0.58 per share, payable on September 2, 2025 [19] - Aflac repurchased $829 million in shares during Q2 2025, with 30.9 million shares remaining authorized for repurchase [19][23]

Group 1 - Loews Corporation announced the election of Jennifer VanBelle as a director and her appointment to the Audit Committee [1] - Jennifer VanBelle has over 25 years of experience at General Electric Company, where she held multiple senior roles simultaneously [2] - Loews Corporation operates in diversified sectors including insurance, energy, hospitality, and packaging [3]

Core Financial Performance - The company reported a net income of $22.9 million for Q2 2025, an increase of $25.7 million compared to the prior year, resulting in earnings of $0.87 per diluted share [1][8] - Adjusted operating income for the same period was $23.7 million, up $25.5 million year-over-year, translating to $0.90 per diluted share [1][8] - Net written premium grew by 14% to $372.9 million, driven by strong production in core commercial lines [2][11] Underwriting and Loss Ratios - The combined ratio improved by 9.2 points to 96.4%, with the underlying loss ratio improving by 1.3 points to 57.6% [3][12] - Catastrophe loss ratio decreased by 5.7 points to 5.5%, outperforming historical averages [3][12] - The underwriting expense ratio improved by 0.6 points to 34.9%, reflecting benefits from growth [4][12] Investment Performance - Net investment income increased by 20% to $21.7 million, attributed to strong fixed maturity income [4][13] - The average yield on fixed income securities rose to 4.32% from 3.62% year-over-year [14] Balance Sheet and Equity - Book value per share increased by $2.38 to $33.18 as of June 30, 2025, a 7.7% rise from December 31, 2024 [16][30] - Total stockholders' equity reached $845.7 million, up from $781.5 million at the end of 2024 [15][30] Strategic Outlook - The company aims to continue executing its strategic business plan to enhance financial and operational performance, achieving a 10% return on equity through the first half of 2025 [5][10]

Company Overview - Oscar Health (NYSE: OSCR) is a technology-driven health insurance company focused on individual and family health plans under the Affordable Care Act (ACA) [1] Business Model - Oscar Health operates differently from traditional insurance companies, leveraging artificial intelligence to enhance its services [1] Market Position - The company is positioned within the ACA landscape, indicating a focus on providing health insurance solutions that comply with regulatory requirements [1]

Core Viewpoint - American International Group, Inc. (AIG) is expected to report second-quarter 2025 results on August 6, with earnings estimated at $1.58 per share, reflecting a 36.2% increase from the same quarter last year [1][7]. Earnings Estimates - The earnings estimate for the second quarter has seen five downward revisions in the past 30 days, with no upward revisions [2]. - The Zacks Consensus Estimate for revenues is projected at $6.8 billion, indicating a 2.7% growth compared to the previous year [2]. Earnings Surprise History - AIG has surpassed earnings estimates in three of the last four quarters, with an average surprise of 1.73% [3]. Earnings Prediction Model - AIG is predicted to beat earnings expectations due to a positive Earnings ESP of +1.40%, with the most accurate estimate at $1.61 per share [4][5]. Revenue and Income Projections - General Insurance revenues are anticipated to rise by 4% to $6 billion, driven by strong performance in commercial and personal lines [7]. - Net investment income is expected to decline by 4.4% to $946 million due to weaker returns from alternative assets [7][11]. General Insurance Performance - The General Insurance segment is projected to benefit from strong performances in North America Commercial, International Commercial, and Global Personal segments [9]. - The consensus for General Insurance's adjusted pretax income stands at $1.3 billion, reflecting a 13.9% year-over-year growth [11]. Cost and Margin Considerations - Despite cost-cutting measures, AIG's margins are likely to be impacted by a high expense base due to increased losses and loss adjustment expenses [12].

Core Insights - Lemonade reported Q2 2025 results with GAAP revenue of $164.1 million, exceeding analyst estimates of $160.77 million, marking a 35% year-over-year growth [1][5] - Adjusted gross profit reached $65.6 million, a 96.4% increase from $33.4 million in Q2 2024, with a gross loss ratio improving to 67% from 79% [1][6] - The company narrowed its GAAP earnings per share (EPS) loss to ($0.60) compared to ($0.81) in Q2 2024, indicating improved financial performance [1][2] Financial Performance - Q2 2025 GAAP revenue was $164.1 million, up from $122.0 million in Q2 2024, reflecting a 34.5% year-over-year increase [2] - Adjusted gross profit nearly doubled year-over-year to $65.6 million, with an adjusted gross profit margin expanding to 40% [6] - Gross earned premium reached $252.3 million, a 26.2% increase from $199.9 million in Q2 2024 [2][5] Business Operations - Lemonade operates as a tech-driven insurance platform, utilizing AI to streamline customer interactions and claims processing [3][4] - The company focuses on digital innovation and customer-centric features, such as the "Giveback" program, to align interests with policyholders [4] - The European segment showed significant growth, with in-force premium increasing over 200% year-over-year to $43 million [7][11] Strategic Focus - A major shift in the reinsurance strategy was announced, reducing the portion of premiums reinsured from 55% to 20%, which is expected to enhance revenue and gross profit [9] - The company aims to achieve adjusted EBITDA breakeven by the end of FY2026, with revenue growth rates anticipated to outpace premium growth in the coming quarters [13][14] - Key priorities include improving loss ratios and retention rates while scaling new products and markets [14] Customer Metrics - Total customer count reached nearly 2.7 million, with in-force premium valued at $1.08 billion, a 29% year-over-year increase [5] - Annual dollar retention (ADR) remained at 84%, reflecting a proactive approach to managing unprofitable accounts [8]