Core Points - Rasmussen University has formed a corporate alliance with Hilton Grand Vacations (HGV) to provide educational benefits to HGV team members, including up to 100% tuition coverage for select online programs [1][3] - The alliance aims to enhance career growth opportunities for HGV employees by reducing financial barriers to education [3][4] - Eligible HGV team members can also receive up to a 20% tuition reduction for other qualified programs at Rasmussen University [2] Company Overview - Rasmussen University is an accredited institution committed to providing innovative, career-ready higher education and healthcare education, with a history of 125 years in transforming lives and strengthening communities [7][9] - The university offers a range of undergraduate and graduate programs both online and in-person across 20 campuses in the U.S. [7] Educational Programs - The programs offered by Rasmussen University are designed to help working adults advance their skills and careers through flexible, career-focused education [3][6] - The curriculum is developed with input from industry professionals, ensuring relevance to current job market needs [6] Employee Development - HGV emphasizes the importance of personal and professional growth for its team members, and the partnership with Rasmussen University is seen as a way to enhance employee development and retention [3][4] - The alliance is expected to attract significant interest from HGV employees, indicating a strong demand for educational opportunities [3]

Financial Highlights - Cincinnati Financial Corporation reported a net income of $1.122 billion for Q3 2025, a 37% increase from $820 million in Q3 2024, translating to $7.11 per share compared to $5.20 per share in the previous year [1][8] - Total revenues for Q3 2025 reached $3.726 billion, up 12% from $3.320 billion in Q3 2024, with earned premiums increasing by 12% to $2.567 billion [1][8] - Non-GAAP operating income more than doubled to $449 million in Q3 2025, compared to $224 million in Q3 2024, reflecting strong underwriting profits and a 14% increase in pretax investment income [3][8] Insurance Operations Highlights - Property casualty underwriting profits before taxes rose to $293 million in Q3 2025, contributing to a positive nine-month result of $123 million [4][8] - The combined ratio improved to 88.2% in Q3 2025 from 97.4% in Q3 2024, marking the best third-quarter result since 2015 [4][9] - Net written premiums for the first nine months of 2025 grew by 10%, supported by pricing increases in the mid-single-digit range for standard commercial lines and high-single-digit range for excess and surplus lines [6][12] Investment and Balance Sheet Highlights - Book value per share reached a record high of $98.76, an increase of 11% since December 31, 2024 [7][8] - Consolidated cash and total investments climbed to nearly $33 billion, with a value creation ratio of 13.8% for the first nine months of 2025, exceeding the target of 10% to 13% [7][8] - Investment income, net of expenses, increased by 14% to $295 million in Q3 2025, with total investment income after tax rising to $244 million [21][8] Commercial Lines Insurance Results - Commercial lines earned premiums increased by 8% to $1.229 billion in Q3 2025, with total revenues reaching $1.231 billion [11][18] - The combined ratio for commercial lines improved to 91.1% in Q3 2025 from 93.0% in Q3 2024, reflecting a decrease in loss and loss expenses [11][18] Personal Lines Insurance Results - Personal lines earned premiums surged by 24% to $838 million in Q3 2025, with a combined ratio improvement to 88.2% from 110.3% in Q3 2024 [13][15] - Net written premiums for personal lines grew by 14% in Q3 2025, driven by higher agency renewal premiums benefiting from rate increases [13][15] Life Insurance Subsidiary Results - The life insurance subsidiary reported a net income of $28 million in Q3 2025, a 40% increase from $20 million in Q3 2024, with total revenues rising by 5% to $135 million [20][23] - Term life insurance earned premiums increased by 5% to $61 million in Q3 2025, contributing to overall growth in the life insurance segment [20][23] Excess and Surplus Lines Insurance Results - Excess and surplus lines earned premiums grew by 11% to $174 million in Q3 2025, with a combined ratio improvement to 89.8% from 95.3% in Q3 2024 [17][22] - Net written premiums in this segment increased by 11% to $175 million, reflecting higher agency renewal premiums [17][22]

Core Viewpoint - Metropolitan Bank Holding Corp. will release its third quarter 2025 financial results on October 23, 2025, and will hold a conference call to discuss these results on October 24, 2025 [1]. Company Overview - Metropolitan Bank Holding Corp. is the parent company of Metropolitan Commercial Bank, a full-service commercial bank based in New York City, offering a wide range of banking products and services to various clients including individuals, small businesses, and government entities [5][6]. - The bank has received recognition as one of Newsweek's Best Regional Banks in 2024 and 2025 and has been ranked among the top ten successful loan producers by the Independent Community Bankers of America for 2024 [6]. Financial Results Announcement - The financial results for the third quarter of 2025 will be announced after market close on October 23, 2025 [1]. - A conference call to discuss the results will take place at 9:00 a.m. ET on October 24, 2025, with access available via telephone and live webcast [2][3]. Access Information - Participants can join the conference call by dialing specific numbers for US and international access, and a replay of the webcast will be available later that day for those unable to attend live [2][4].

Summary of Laureate Education (LAUR) FY Conference Call Company Overview - **Company**: Laureate Education - **Industry**: Higher Education Services - **Geographic Focus**: Mexico and Peru - **Market Position**: Largest operator of higher education services in both countries, significantly larger than competitors [3][4] Financial Performance - **Revenue**: $1.6 billion with a growth rate of approximately 10% annually [4][28] - **EBITDA Margin**: Close to 30% [4][28] - **Student Enrollment**: Approximately 500,000 students across 50 campuses, averaging 10,000 students per campus [4][5] - **Free Cash Flow**: 50% of EBITDA converts into free cash flow, with plans to return excess cash to shareholders [28][29] Market Dynamics - **Private Sector Role**: 55% of university seats in Mexico and Peru are provided by the private sector, which simplifies the regulatory environment [6] - **Student Segmentation**: Market segmented into premium and value products, with premium offerings costing around $4,500 per year [9][10] - **Growth Drivers**: Rising participation rates in higher education, currently at 36% for ages 18-24 in Mexico and Peru, compared to 62% in the US [18][19] Strategic Focus - **Program Offerings**: Focus on business, health sciences, engineering, and STEM products, with a mix of traditional, hybrid, and fully online delivery methods [5][15] - **Market Expansion**: Plans to launch two new campuses this year and two more next year, targeting top cities for growth [21][25] - **Vocational Training**: Development of technical vocational degrees to address skill shortages, particularly in the employer demand perspective [26] Competitive Advantages - **Brand Strength**: Institutions like UPC in Peru are highly ranked, contributing to strong brand equity [13] - **Accreditation and Quality**: High accreditation levels and quality of education enhance the institution's reputation [13][15] - **Cost Efficiency**: Segmentation allows for cost-effective student acquisition and recruitment [11][12] Economic Resilience - **Bad Debt Management**: Maintains a low bad debt rate of around 2.5% in good economic times, with potential increases during economic downturns [32][33] - **Cash Flow Stability**: The payment structure ensures steady cash collections, contributing to a working capital neutral position [31] Shareholder Returns - **Capital Returned**: Since 2019, $3 billion returned to shareholders through stock buybacks and dividends [29] - **Future Intentions**: Plans to continue returning free cash flow to shareholders, with an expected generation of $235 million in free cash flow this year [29][30]