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British budget fears clouding L&G revamp, says CEO
Yahoo Finance· 2025-10-23 06:04
By Iain Withers and Tommy Reggiori Wilkes LONDON (Reuters) -Britain must not deter pension savers with tax changes in next month's budget, Legal & General CEO Antonio Simoes told Reuters, adding that uncertainty was souring investment as the UK's biggest investor battles to sell its own strategy. Simoes, who has led the FTSE 100 giant since the start of 2024, said clarity was needed amid concerns taxes could rise for savers, the wealthy or businesses in UK finance minister Rachel Reeves' budget on Novemb ...
Selective Insurance Group, Inc. (NASDAQ:SIGI) Earnings Report Highlights
Financial Modeling Prep· 2025-10-23 05:00
Earnings Per Share (EPS) of $1.75 fell short of the estimated $1.85, marking a negative surprise of 4.89%.Revenue for the quarter was approximately $1.21 billion, indicating a 9.1% increase from the previous year.Financial Ratios such as the price-to-earnings (P/E) ratio of 12.97 and a debt-to-equity ratio of 0.27 highlight SIGI's moderate market valuation and conservative leverage approach.Selective Insurance Group, Inc. (NASDAQ:SIGI) is a prominent player in the insurance industry, specifically within the ...
青海金融监管局同意平安养老青海分公司变更营业场所
Jin Tou Wang· 2025-10-23 03:26
二、平安养老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10月17日,青海金融监管局发布批复称,《关于平安养老保险股份有限公司青海分公司变更营业 场所的请示》(平保养青分发〔2025〕43号)收悉。经审核,现批复如下: 一、同意平安养老保险股份有限公司青海分公司将营业场所变更为:青海省西宁市城西区五四西路66号 5号楼5楼1056室。 ...
Morgan Stanley Slashes PT on The Progressive Corporation (PGR) to $214 From $265
Yahoo Finance· 2025-10-23 02:35
The Progressive Corporation (NYSE:PGR) is one of the best long term low volatility stocks to buy right now. Morgan Stanley analyst Bob Huang slashed the price target on The Progressive Corporation (NYSE:PGR) to $214 from $265 on October 20, downgrading the stock to Underweight from Equal Weight. Is Progressive Corporation (PGR) the Best Low Volatility Stock to Buy Now? The firm told investors that it considers The Progressive Corporation’s (NYSE:PGR) bull case to be less visible when stripping out Florid ...
Bretton Fund Q3 2025 Shareholder Letter (BRTNX)
Seeking Alpha· 2025-10-23 02:00
Core Insights - The favorable antitrust ruling for Alphabet's Google has allowed the company to maintain its core search business, positively impacting its stock performance and contributing 3.1% to the fund this quarter [3] - UnitedHealth's stock rebounded after a significant decline earlier in the year, adding 0.9% to the fund, driven by optimistic comments from the new CEO and investment interest from Berkshire Hathaway [4] - Progressive was the largest detractor in the quarter, reducing performance by 0.5% due to concerns over lower interest rates affecting investment income [5] Performance Summary - The Bretton Fund achieved a return of 8.21% for the third quarter, outperforming the S&P 500 Index, which returned 8.12% [7] - Over the past year, the fund's return was 8.92%, while the S&P 500 Index returned 17.60% [7] - The fund's inception date was September 30, 2010, and it has delivered a 12.89% return since inception [7] Portfolio Composition - As of September 30, 2025, Alphabet Inc. constituted 11.51% of the fund's net assets, making it the largest holding [11] - Other significant holdings included AutoZone Inc. at 7.11% and The Progressive Corporation at 6.84% [11] - The fund also held positions in major companies like American Express, JPMorgan Chase, and UnitedHealth, each contributing to the overall portfolio diversity [11] Investment Actions - The fund sold its position in Union Pacific Corp after nearly 15 years, achieving a 13% annualized internal rate of return [14] - The decision to sell was influenced by concerns over a pending acquisition that could dilute shareholder value and distract management from core operations [15]
Selective Insurance (SIGI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-10-23 00:01
Core Insights - Selective Insurance reported revenue of $1.35 billion for the quarter ended September 2025, reflecting a year-over-year increase of 9.1% and a slight revenue surprise of +0.42% over the Zacks Consensus Estimate [1] - The company's EPS for the quarter was $1.75, up from $1.40 in the same quarter last year, although it fell short of the consensus estimate of $1.84, resulting in an EPS surprise of -4.89% [1] Financial Performance Metrics - Underwriting expense ratio was reported at 30.6%, better than the average estimate of 31.1% from four analysts [4] - Combined ratio stood at 98.6%, slightly worse than the average estimate of 97.7% from four analysts [4] - Loss and loss expense ratio was 67.9%, compared to the estimated 67.1% by four analysts [4] - Standard Commercial Lines reported a combined ratio of 101.1%, worse than the estimated 98.8% [4] - Standard Personal Lines had a combined ratio of 110.1%, better than the estimated 110.8% [4] - Excess and Surplus Lines reported a combined ratio of 76.2%, significantly better than the estimated 86.3% [4] Revenue Breakdown - Net premiums earned in Standard Personal Lines were $101.5 million, below the average estimate of $103.98 million, representing a year-over-year decline of -5.6% [4] - Net premiums earned in Standard Commercial Lines were $947.3 million, exceeding the average estimate of $940.84 million, with an increase of +8.2% year-over-year [4] - Net investment income earned was $138.7 million, slightly above the average estimate of $137.71 million, reflecting a year-over-year increase of +17.7% [4] - Net premiums earned in Excess and Surplus Lines were $155.9 million, slightly below the average estimate of $156.68 million, with a year-over-year increase of +20.6% [4] - Total net premiums earned were reported at $1.2 billion, matching the average estimate, with a year-over-year increase of +8.3% [4] - Other income was reported at $8.7 million, below the average estimate of $9.67 million, representing a year-over-year decline of -2.3% [4] Stock Performance - Shares of Selective Insurance have returned +7.2% over the past month, outperforming the Zacks S&P 500 composite, which changed by +1.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]
Compared to Estimates, Globe Life (GL) Q3 Earnings: A Look at Key Metrics
ZACKS· 2025-10-22 23:31
Globe Life (GL) reported $1.52 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 4.1%. EPS of $4.81 for the same period compares to $3.49 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.52 billion, representing a surprise of -0.12%. The company delivered an EPS surprise of +5.95%, with the consensus EPS estimate being $4.54.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...
Goosehead (GSHD) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-10-22 22:31
For the quarter ended September 2025, Goosehead Insurance (GSHD) reported revenue of $90.44 million, up 15.9% over the same period last year. EPS came in at $0.46, compared to $0.50 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $92.39 million, representing a surprise of -2.11%. The company delivered an EPS surprise of -2.13%, with the consensus EPS estimate being $0.47.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...
Goosehead Insurance(GSHD) - 2025 Q3 - Earnings Call Transcript
2025-10-22 21:32
Goosehead Insurance (NasdaqGS:GSHD) Q3 2025 Earnings Call October 22, 2025 04:30 PM ET Company ParticipantsMark Miller - President and CEOTommy McJoynt - Director of Equity ResearchDan Farrell - VP of Capital MarketsBrian Meredith - Managing DirectorKatie Sakys - Senior Equity Research AssociateRyan Tunis - Managing DirectorAndrew Kligerman - Managing DirectorMark Jones - CFO and COOConference Call ParticipantsMichael Zaremski - Senior Equity Research Analyst and Managing DirectorPaul Newsome - Managing Dir ...
Goosehead Insurance(GSHD) - 2025 Q3 - Earnings Call Transcript
2025-10-22 21:32
Goosehead Insurance (NasdaqGS:GSHD) Q3 2025 Earnings Call October 22, 2025 04:30 PM ET Company ParticipantsMark Miller - President and CEOTommy McJoynt - Director of Equity ResearchDan Farrell - VP of Capital MarketsBrian Meredith - Managing DirectorKatie Sakys - Senior Equity Research AssociateRyan Tunis - Managing DirectorAndrew Kligerman - Managing DirectorMark Jones - CFO and COOConference Call ParticipantsMichael Zaremski - Senior Equity Research Analyst and Managing DirectorPaul Newsome - Managing Dir ...