Company Overview - Chubb Limited, formerly known as ACE Limited, is one of the world's largest providers of property and casualty (P&C) insurance and reinsurance, with a market capitalization of $86 billion [12] - The company has diversified through acquisitions into various specialty lines, including marine, medical risk, excess property, environmental, and terrorism insurance, and operates in 54 countries and territories [12] Investment Ratings - Chubb has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a solid position but not a strong buy [13] - The Value Style Score is also rated B, supported by attractive valuation metrics such as a forward P/E ratio of 11.62, which may appeal to value investors [13] Earnings Estimates - In the last 60 days, five analysts have revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.39 to $24.10 per share [13] - Chubb has an average earnings surprise of +13.4%, suggesting a positive trend in earnings performance [13] Investment Consideration - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Chubb is recommended to be on investors' short lists for potential investment opportunities [14]

Core Insights - Willis Towers Watson Public Limited Company (WTW) is anticipated to experience a decline in both revenue and earnings for the fourth quarter of 2025, with revenues expected to be $2.87 billion, reflecting a 5.5% decrease year-over-year [1] - The consensus estimate for earnings per share is $7.93, indicating a year-over-year decrease of 2.4%, although this estimate has increased by 0.3% over the past 60 days [2] Revenue Expectations - Revenue growth in the fourth quarter is likely to be supported by strong performances across all segments, particularly in Health and Wealth, driven by international expansion and new business initiatives [5][10] - The Wealth business is expected to benefit from robust Retirement work in Great Britain and North America, along with growth from new investment products [6] - The Benefits Delivery & Outsourcing segment is projected to perform well due to strong project and core administration work in Europe, although this may be partially offset by lower commission revenues in North America [7] Expense Projections - Expenses for the fourth quarter are expected to rise to $1.9 billion, influenced by higher incentive costs, salary expenses, and costs associated with the Transformation program [8][10] Earnings Prediction Model - The Zacks Model indicates that WTW is not likely to beat earnings expectations this quarter, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [3][4]

Dubai Insurance became the first in its sector on a global scale to roll out a cryptocurrency wallet for its customers to handle claims and premiums, and transact digital assets. The fourth-largest insurer in the United Arabs Emirates (UAE)said it developed the crypto wallet in partnership with Standard-Chartered-owned crypto custodian Zodia Custody, in an emailed announcement on Wednesday. Dubai Insurance’s venture into digital assets comes as the UAE increasingly pushes forward the integration of digi ...

Core Viewpoint - Analysts project Prudential (PRU) will report quarterly earnings of $3.38 per share, reflecting a 14.2% year-over-year increase, with revenues expected to reach $13.69 billion, a 5.3% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 0.8% in the past 30 days, indicating a reassessment by covering analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Total Revenues- Corporate and Other' will reach $91.64 million, a significant increase of 216% year-over-year [5]. - 'Total Revenues- U.S. Businesses- Retirement Strategies' is projected at $4.84 billion, reflecting an 8.1% year-over-year change [5]. - 'Total Revenues- U.S. Businesses- Retirement Strategies- Institutional Retirement Strategies' is expected to be $3.35 billion, indicating a 6.4% increase year-over-year [6]. - 'Total Revenues- U.S. Businesses- Group Insurance' is forecasted to reach $1.68 billion, showing a 7.1% year-over-year change [6]. - The estimated 'Total Revenues- U.S. Businesses' is $8.12 billion, representing a 7.1% increase from the prior year [7]. - 'Total Revenues- International Businesses' is projected at $4.35 billion, indicating a 1.5% year-over-year change [7]. Assets Under Management - 'Assets Under Management and Administration - PGIM - Total' is expected to reach 1478.36 billion, up from 1375.20 billion year-over-year [8]. - 'Assets Under Management and Administration - PGIM - Affiliated' is estimated at 551.01 billion, compared to 384.10 billion in the same quarter last year [8]. - 'Assets Under Management and Administration - PGIM - Retail customers - Third Party' is projected at 267.77 billion, down from 370.90 billion year-over-year [9]. - 'Assets Under Management and Administration - PGIM - Institutional customers - Third Party' is expected to reach 659.58 billion, compared to 620.20 billion in the same quarter last year [9]. - The total 'Assets Under Management and Administration' is projected to be 1791.41 billion, up from 1685.90 billion year-over-year [10]. - 'Assets Under Management and Administration - Assets under administration' is estimated at 189.29 billion, compared to 173.50 billion in the previous year [10]. Stock Performance - Prudential shares have shown a return of -4.6% over the past month, contrasting with the Zacks S&P 500 composite's +0.8% change, indicating expected performance in line with the overall market [11].

Core Viewpoint - Analysts expect Chubb (CB) to report quarterly earnings of $6.58 per share, reflecting a year-over-year increase of 9.3%, with revenues projected at $15.11 billion, up 5.8% from the previous year [1] Earnings Estimates - There have been no revisions in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [1][2] Key Metrics Forecast - Analysts predict 'Net premiums written - North American Personal P&C Insurance' to reach $1.75 billion, indicating a year-over-year change of +7.8% [4] - 'Net investment income - North America Commercial P&C Insurance' is expected to be $1.01 billion, reflecting an increase of +8.3% year-over-year [4] - The average forecast for 'Net premiums earned - Overseas General Insurance' is $3.73 billion, suggesting an increase of +8.6% from the prior-year quarter [4] Additional Financial Metrics - 'Net investment income - North American Personal P&C Insurance' is projected at $124.77 million, a change of +12.4% from the year-ago quarter [5] - The 'Combined ratio' is expected to reach 83.9%, down from 85.7% in the same quarter last year [5] - The consensus estimate for 'Loss and loss expense ratio' stands at 56.6%, compared to 59.4% reported in the same quarter of the previous year [5] Ratios and Performance Indicators - The 'North America Personal P&C Insurance - Loss and loss expense ratio' is estimated at 53.7%, down from 57.1% year-over-year [6] - The 'Policy acquisition cost ratio' is expected to remain stable at 20.0%, consistent with the previous year's figure [6] - The 'Administrative expense ratio' is projected at 5.5%, unchanged from the same quarter last year [7] - The 'Combined ratio' for North America Personal P&C Insurance is expected to be 79.2%, down from 82.6% year-over-year [7] Overseas Metrics - The 'Overseas General Insurance - Policy acquisition cost ratio' is estimated at 26.7%, slightly up from 26.0% in the same quarter last year [8] - The 'Overseas General Insurance - Administrative expense ratio' is projected at 9.9%, compared to 9.7% reported in the previous year [8] Stock Performance - Chubb shares have decreased by -2.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of +0.8% [9]

分组1 - West Bancorp reported quarterly earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, and up from $0.42 per share a year ago, representing an earnings surprise of +7.02% [1] - The company achieved revenues of $27.27 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.53%, compared to year-ago revenues of $22.02 million [2] - West Bancorp has consistently surpassed consensus EPS estimates for the last four quarters [2] 分组2 - The stock has added about 0.6% since the beginning of the year, while the S&P 500 has gained 1.9% [3] - The current consensus EPS estimate for the coming quarter is $0.55 on revenues of $26.5 million, and for the current fiscal year, it is $2.40 on revenues of $112.2 million [7] - The Financial - Savings and Loan industry, to which West Bancorp belongs, is currently in the top 15% of Zacks industries, indicating a favorable outlook [8]

Core Insights - AXIS Capital Holdings Limited (AXS) reported a fourth-quarter 2025 operating income of $3.25 per share, exceeding the Zacks Consensus Estimate by 9.4% and reflecting a year-over-year increase of 9.4% [1][9] - The company's total operating revenues reached $1.7 billion, surpassing the Zacks Consensus Estimate by 5.2% and showing a nearly 9% year-over-year growth driven by higher premiums earned [2][10] Financial Performance - Net premiums written increased by 13% to $1.4 billion, with a 14% rise in the Insurance segment and a 5% growth in the Reinsurance segment [2] - Net investment income decreased by 4.5% year over year to $187 million, falling short of the Zacks Consensus Estimate of $198 million [3] - Total expenses rose by 16.6% year over year to $1.4 billion, attributed to higher net losses, acquisition costs, and general administrative expenses [3] Underwriting Results - Pre-tax catastrophe and weather-related losses net of reinsurance amounted to $30 million, including $17 million from Hurricane Melissa [4] - Underwriting income increased by 42% year over year to $184 million, with the combined ratio improving to 90.4 from 94.2 a year ago [4][9] Segment Analysis - In the Insurance segment, gross premiums written improved by 11.7% year over year to $1.9 billion, with net premiums earned rising by 13.3% to $1.2 billion [5] - The Reinsurance segment saw gross premiums written increase by 13% year over year to $310.7 million, while net premiums earned rose by 4.2% to $365.6 million [6] Full-Year Highlights - For the full year 2025, AXIS reported an operating income of $12.92 per share, exceeding the Zacks Consensus Estimate by 1.9% and reflecting a 15.6% year-over-year increase [8] Capital Management - AXIS repurchased $888 million of common shares in 2025 and declared a quarterly cash dividend of 44 cents per share, totaling $139 million in annual dividends [12] - The company ended the fourth quarter with cash and cash equivalents of $820.3 million, down 61.7% from the previous year [11]

Financial Data and Key Metrics Changes - The company reported a net income available to common shareholders of $282 million for Q4 2025, translating to $3.67 per diluted common share, and a full-year net income of $978 million, or $12.35 per diluted common share, resulting in a 17% return on common equity [19][20] - The diluted book value per common share increased by 18% year-over-year to $77.20, with an operating return on equity of 18% [7][19] - Gross written premiums reached a record $9.6 billion for the full year, up 7% from the previous year, with a combined ratio of 89.8, the lowest since 2010 [7][21] Business Line Data and Key Metrics Changes - The insurance segment achieved record gross written premiums of $7.2 billion, a 9% increase year-over-year, and record underwriting income of $597 million, a 40% increase [10][11] - The reinsurance segment generated $2.5 billion in gross written premiums, reflecting a low single-digit increase over the prior year, with a combined ratio of 92.6 [16][17] Market Data and Key Metrics Changes - In North America, gross written premiums increased by 10%, driven by strategic investments in product and channel expansion [11] - The liability market saw overall rates increase by 10% in the quarter, with a 13% rate increase in U.S. excess casualty [14] - The property book grew by 12% across eight underwriting units worldwide, with varying degrees of competitive pressure [15] Company Strategy and Development Direction - The company is focused on profitable growth through strategic initiatives, including new and expanded business classes and investments in technology and AI solutions [8][9] - AXIS aims to maintain a disciplined cycle management approach, prioritizing profits over premiums [8] - The company is committed to investing $100 million in its "How We Work" transformation program to enhance operations and market approach [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its strategy and advance momentum into 2026, despite a changing risk landscape influenced by geopolitical tensions and economic uncertainties [5][14] - The company anticipates continued growth in gross written premiums at a mid- to high single-digit rate while maintaining premium adequacy [24] Other Important Information - The company has returned substantial capital to shareholders through $139 million in dividends and $888 million in share repurchases [31] - The effective tax rate for the quarter was 14%, with expectations for an ongoing overall effective tax rate in the 19%-20% range [31] Q&A Session Summary Question: Expense Ratio and Future Targets - The underwriting-related G&A expense ratio for the year was 12.4%, with a goal of 11% for 2026, and the overall expense ratio was 34.2% [34] - Management indicated that variable compensation impacted the G&A ratio, but they remain committed to achieving the 11% target [35][36] Question: Sustainability of Margins - Management expressed confidence in maintaining a combined ratio around 90% as they navigate the market conditions [60] Question: Growth Drivers in Lower Middle Market - The lower middle market segment has shown sustained growth due to strategic investments and customized solutions, with a favorable competitive landscape [77][78] Question: Core Loss Ratio Trends - Management noted that while there is pressure on the core loss ratio due to rate and trend, they are confident in their reserve position and overall underwriting results [68][71] Question: Third-Party Underwriting Contribution - Delegated underwriting represents approximately 32% of the company's volume, with expectations for continued growth in this area [87][89]

Financial Data and Key Metrics Changes - The company reported an 18% year-over-year increase in diluted book value per common share, reaching $77.20, and an operating return on equity of 18% [5][16] - Gross written premiums reached a record $9.6 billion, up 7% from the previous year, with a combined ratio of 89.8, the lowest since 2010 [5][16] - Net income available to common shareholders for the quarter was $282 million, or $3.67 per diluted common share, and for the full year, it was $978 million, or $12.35 per diluted common share [16] Business Line Data and Key Metrics Changes - The insurance segment produced record gross written premiums of $7.2 billion, a 9% increase over the prior year, and record underwriting income of $597 million, a 40% increase [8][21] - The reinsurance segment generated $2.5 billion in gross written premiums, a low single-digit increase over the prior year, with a combined ratio of 92.6 [13][24] - The property book grew by 12% across eight underwriting units worldwide, with significant contributions from lower middle market units [12][21] Market Data and Key Metrics Changes - In North America, gross written premiums increased by 10%, driven by strategic investments in product and channel expansion [9] - The liability market saw overall rates increase by 10% in the quarter, with U.S. Excess Casualty generating a 13% rate increase [11] - The company noted varying market conditions across different lines of business, with a cautious approach to the cyber insurance market due to escalating risks [13][11] Company Strategy and Development Direction - The company aims for profitable growth driven by strategic initiatives, including new and expanded business classes and investments in technology and AI solutions [6][7] - AXIS Capital is focused on maintaining a disciplined cycle management approach, prioritizing profits over premiums [6] - The company continues to invest in its "How We Work" transformation program, committing $100 million to enhance operations and market strategies [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its strategy and advance momentum into 2026, despite a changing risk landscape influenced by geopolitical tensions and economic uncertainties [5][10] - The company anticipates mid- to high single-digit growth in gross written premiums while maintaining premium adequacy [22] - Management remains cautious about the cyber insurance market and does not foresee it as a growth area unless risk-reward dynamics improve [13] Other Important Information - The company returned substantial capital to shareholders through $139 million in dividends and $888 million in share repurchases [28] - The effective tax rate for the quarter was 14%, influenced by a non-operating income benefit related to changes in Bermuda's tax laws [28] Q&A Session Summary Question: Expense ratio targets for 2026 - The company aims for an underwriting-related G&A expense ratio of 11% for 2026, with current ratios impacted by variable compensation [31][32] Question: Sustainability of margins - Management feels comfortable with a combined ratio target around 90%, acknowledging potential pressures from rate and trend [35][36] Question: Reserve confidence - Management expressed strong confidence in the reserve position, with releases primarily from short-tail lines [42][45] Question: Growth in lower middle market - The company is seeing sustained momentum in the lower middle market, driven by customized solutions and strategic investments [74][75] Question: Third-party underwriting impact - Delegated underwriting represents approximately 32% of the company's volume, with expectations for continued growth in this area [84][86]

Financial Data and Key Metrics Changes - The company reported a net income available to common shareholders of $282 million for Q4 2025, translating to $3.67 per diluted common share, and a full-year net income of $978 million, or $12.35 per diluted common share, resulting in a 17% return on common equity [18] - The diluted book value per common share increased by 18% year-over-year to $77.20, with an operating return on equity of 18% [6][18] - Gross written premiums reached a record $9.6 billion for the full year, up 7% from the previous year, with a combined ratio of 89.8, the lowest since 2010 [6][19] Business Line Data and Key Metrics Changes - The insurance segment achieved record gross written premiums of $7.2 billion, a 9% increase year-over-year, and record underwriting income of $597 million, a 40% increase from the prior year [10][19] - The reinsurance segment generated $2.5 billion in gross written premiums, reflecting a low single-digit increase over the prior year, with a combined ratio of 92.6 [15][25] Market Data and Key Metrics Changes - In North America, gross written premiums increased by 10%, driven by strategic investments in product and channel expansion [11] - The liability market saw overall rates increase by 10% in the quarter, with a 6% growth, while U.S. excess casualty generated a 13% rate increase [13] Company Strategy and Development Direction - The company is focused on profitable growth through strategic initiatives, including new and expanded business classes and investments in technology and AI solutions [6][9] - The company aims to maintain a disciplined cycle management approach, prioritizing profits over premiums [7] - The "How We Work" transformation program is a key investment area, with a commitment of $100 million to enhance operations and market approach [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its strategy and advance momentum into 2026, despite a changing risk landscape influenced by geopolitical tensions and economic uncertainties [5][12] - The company anticipates mid- to high single-digit growth in gross written premiums while maintaining premium adequacy [22] Other Important Information - The company has returned substantial capital to shareholders through $139 million in dividends and $888 million in share repurchases [28] - The effective tax rate for the quarter was 14%, with expectations of an ongoing overall effective tax rate in the 19%-20% range [28] Q&A Session Summary Question: Expense ratio targets for 2026 - The company aims for a G&A ratio of 11% by 2026, with current ratios impacted by variable compensation [32][34] Question: Sustainability of margins - Management is optimistic about maintaining a combined ratio around 90% and expects some pressure on attritional loss ratios due to rate and trend [36][39] Question: Growth in lower middle market - The company has seen sustained growth in the lower middle market due to strategic investments and customized solutions [75] Question: Performance of new product offerings - New and expanded classes contributed approximately $150 million to growth in the insurance segment in Q4 2025, with optimism for continued execution [61][62] Question: Third-party underwriting contributions - Delegated underwriting represented approximately 32% of the company's volume at the end of 2025, with expectations for stability in this range [84][86]