Core Insights - WireX Systems has announced a strategic collaboration with Brown & Brown to enhance risk management and insurance outcomes through the integration of cybersecurity solutions and risk identification processes [1][3][4] Group 1: Collaboration Details - The partnership aims to combine WireX Systems' cybersecurity expertise with Brown & Brown's analytics and brokerage capabilities to improve incident response and financial benefits for organizations [4][5] - Brown & Brown has a dedicated cyber insurance team that provides innovative cybersecurity risk solutions, leveraging its extensive experience since 1939 [3][4] Group 2: Operational Impact - WireX Systems focuses on redefining incident response by providing clear answers to critical post-incident questions, enabling faster investigations and reducing dwell time [2][5] - The collaboration seeks to translate cybersecurity maturity into measurable financial benefits, allowing organizations to assess their investments and insurance limits based on their cyber maturity [4][5] Group 3: Strategic Goals - The goal of the collaboration is to empower organizations to respond to incidents with speed and clarity, bridging the gap between technical readiness and financial resilience [4][5] - The partnership aims to provide organizations with a clearer understanding of cybersecurity ROI, ultimately reducing residual risk and ensuring that insurance premiums reflect real-world cyber maturity [5]

Financial Highlights - Total assets reached $12.8 billion as of March 31, 2025[8, 24] - Shareholders' equity stood at $2.4 billion as of March 31, 2025[8, 24] - Cash and invested assets amounted to $4.4 billion as of March 31, 2025[8, 38] - Gross premiums written (GPW) for the trailing twelve months (TTM) ended March 31, 2025, totaled $4.6 billion[8, 12] Performance Analysis - The combined ratio for Q1 2025 was 115.6%, impacted by $333 million in catastrophe and large losses, primarily from the California wildfires[23, 24, 26] - The annualized operating ROAE for Q1 2025 was (7.6%)[24, 26] - Net investment income increased by 21% from Q1 2024 to $50 million[24, 26] Portfolio Composition - Insurance segment accounted for $3.619 billion (78%) of the gross premiums written[13] - Reinsurance segment accounted for $993 million (22%) of the gross premiums written[11] Capital Management - The company returned $33 million of capital to common shareholders in the three months ended March 31, 2025, including $22 million in share repurchases and $11 million in dividends[26] - The company has $103 million remaining available for repurchase under the $200 million common share repurchase authorization as of May 9, 2025[47]