Chip Somodevilla/Getty Images News Listen below or on the go on Apple Podcasts and Spotify Fed cuts rates by 25 basis points with one dissent. (0:15) Dot plot pencils in two more cuts this year – barely. (1:11) Powell calls move ‘risk management.’ (1:42) The following is an abridged transcript: The Fed cuts and Powell herds the cats (or hawks and doves). The Federal Reserve cut interest rates for the first time this year, lowering the fed funds rate by 25 basis points to 4%-4.25%. And Fed Chairman Ja ...

Summary of Hippo Conference Call - September 17, 2025 Company Overview - **Company Name**: Hippo (NYSE:HIPO) - **Industry**: Insurance, specifically a tech-enabled program carrier focusing on personal and commercial lines, with a legacy in homeowners insurance [3][4] Key Financial Metrics - **Gross Written Premium**: Approximately $950 million in the last 12 months, projected to reach $1.1 billion by the end of 2025 [4][5] - **Revenue**: $425 million in the last 12 months, expected to be between $460 million and $465 million by the end of 2025 [4][5] - **Net Income**: Achieved net income positive for the first time from net operating activities [4] - **Book Value**: $333 million as of the end of the quarter, projected to increase to about $420 million by the end of 2025 [5] Growth Projections - **Future Growth**: Expected to nearly double gross written premium from $1.1 billion to over $2 billion by 2028 [7] - **Adjusted Net Income**: Projected to quadruple from about $30 million in 2025 to more than $125 million in 2028 [7] - **Return on Equity**: Anticipated to be in the high-teens by 2028 [7] Strategic Initiatives - **Organic Growth**: Plans to grow existing programs by 10% to 15% annually, leveraging a history with managing general agents (MGAs) [9] - **New Programs**: Aiming to add $100 million to $150 million in gross written premium from new programs each year [10] - **Partnership with The Baldwin Group**: This strategic transaction will triple access to new homes closed annually, enhancing growth and underwriting profitability [11][24][25] Underwriting Approach - **Diligent Underwriting**: Reviewed over 140 program opportunities in 2024, approving only 4, which resulted in $130 million of new business [10] - **Legacy Homeowners Business**: Focused on newly constructed homes through builders, with a loss ratio significantly lower than the industry average [18][30] - **Rate Increases**: Implemented over 170 rate filings resulting in a cumulative rate increase of more than 80% [19] Risk Management - **Geographic Diversification**: Reduced concentration in high-risk areas like Harris County, Texas, and focused on states with lower catastrophic exposure [31][32] - **Portfolio Diversification**: Increased mix of commercial property and casualty lines to enhance predictability and reduce volatility [32] Market Resilience - **Interest Rate Sensitivity**: Business has shown resilience to interest rate changes, with partnerships with builders providing better mortgage terms [22][23] - **Performance in Challenging Markets**: Despite challenges in homeowners insurance, diversification into casualty and commercial lines has provided stability [32] Conclusion - **Execution Track Record**: The company has a strong history of meeting or exceeding ambitious goals set in previous investor communications [20] - **Future Outlook**: Focus on responsible growth, improved underwriting performance, and a diversified portfolio to achieve higher profitability with lower volatility [21][14]

Key insight: Community Financial System is deepening its involvement in the insurance business at a time when other banks are exiting the market.What's at stake: The Syracuse, New York-based bank is making a $37.4 million bet on its new partner, Leap Holdings.Expert Quote: "If you can find a carrier or an agency who does like one thing really well … that seems like a solid investment to me."Bucking a trend in which at least two dozen banks have sold their insurance units over the past three years, Community ...

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "b+†(Marginal) of Genworth Life Insurance Company (GLIC) (Wilmington, DE) and Genworth Life Insurance Company of New York (GLICNY) (New York, NY). These companies are referred to as Genworth Financial Group. In addition, AM Best has affirmed the FSR of B- (Fair) and the Long- Term IC ...

we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.Today, we decided to look at what opportunities there are in the insurance sector. We start with one of the largest companies, The Allstate Corporation ( AL L ), and itsAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any suc ...

Key Takeaways Arch Capital is seeing consistent premium growth supported by organic business drivers.Rate increases, new inflows and disciplined underwriting sustain momentum in P&C lines.Geopolitical risks and weaker investment returns pose challenges to ACGL.Shares of Arch Capital Group Ltd. (ACGL) are trading at a discount compared to the Zacks Property and Casualty Insurance industry. Its price-to-book value of 1.47X is lower its 5 year Median of 1.65 and the industry average of 1.54X. The insurer has a ...

We came across a bullish thesis on International General Insurance Holdings Ltd. on X.com by Fierce Beast. In this article, we will summarize the bulls’ thesis on IGIC. International General Insurance Holdings Ltd. 's share was trading at $24.15 as of September 10th. IGIC’s trailing and forward P/E were 8.66 and 7.74 respectively according to Yahoo Finance. Brown & Brown (BRO) Falls 10% to New Low on Dismal Q2 Earnings IGI Capital (IGIC) is attracting renewed investor interest following its recent dip, p ...

Key Takeaways Assurant is focused on expanding its capital-light businesses, which contribute 52% of segment revenues. Strong cash flow generation poise AIZ well for sustained growth and long-term shareholder value creation. Assurant shares have gained 6% in the past year compared with the industry's growth of 8.5%. Assurant, Inc. (AIZ) has been trading above its 200-day simple moving average (SMA), signaling a short-term bullish trend. Its share price as of Tuesday was $205.44, down 10.8% from its 52-week ...

The Tel Aviv Stock Exchange fell sharply today as fears about Israel's international isolation grew. The Tel Aviv 35 Index fell 1.88% to 2,996.85 points, the Tel Aviv 125 Index fell 1.99% to 3,041.18 points; and the BlueTech Global Index fell 0.79% to 549.76 points. The All Bond corporate bond index fell 0.10% to 410.84 points. Turnover totaled NIS 4.22 billion in equities and NIS 4.98 billion in bonds. On the foreign exchange market, the representative shekel-dollar rate was set 0.09% lower than Tuesday, ...

Group 1 - The Reserve Bank of India has established a Regulatory Review Cell (RRC) to strengthen the institutional mechanism for reviewing regulations, which will conduct comprehensive internal reviews every 5 to 7 years starting from October 1, 2025 [1] - An independent Advisory Group on Regulation (AGR) has been formed to enhance stakeholder engagement and incorporate industry feedback into the regulatory review process through the RRC [2] - The AGR consists of external experts from various financial institutions, with an initial tenure of three years, which can be renewed for an additional two years [2]