Core Insights - Marsh & McLennan Agency (MMA) has acquired Excel Insurance, an independent insurance agency in Florida, to enhance its presence in South Florida, particularly in auto and watercraft insurance [1][9] - All Excel employees, including President Jacob Pared, will join MMA's Doral Office to ensure continuity of service for existing customers [2][9] - The acquisition is part of MMA's strategy to expand by integrating specialized agencies that understand local risks, leveraging Excel's expertise in vehicle and marine insurance [3][4] Financial Performance - Marsh & McLennan's revenues increased by 10% and 8% year over year in 2023 and 2024, respectively, with a further improvement of 9.1% year over year in Q1 2025 [5] - Year-to-date, Marsh & McLennan shares have gained 0.1%, while the industry has grown by 1.2% [6] Market Position - The acquisition provides MMA with a dedicated customer base, a broader range of products, and a skilled local team, enhancing its service offerings while maintaining a personalized approach for Excel clients [4][9] - The success of the acquisition will depend on effective client integration and retention, which could lead to increased brand visibility and premium revenues in a competitive market [5]

Core Viewpoint - American Overseas Group Limited reported a significant increase in net income and book value per share for the first quarter of 2025 compared to the same period in 2024, indicating strong financial performance and growth potential [1][2]. Financial Performance - Consolidated net income available to common shareholders for the three months ended March 31, 2025, was $4.3 million, or $90.53 per diluted share, compared to $2.5 million, or $53.13 per diluted share, for the same period in 2024 [1]. - Total revenues for the first quarter of 2025 were $20.3 million, up from $17.1 million in the first quarter of 2024, driven by increases in net premiums earned and fee income [7]. - Net earned property and casualty premiums rose by $2.5 million from $10.9 million in 2024 to $13.4 million in 2025, while gross written premiums increased by $29.3 million, from $220.4 million to $249.7 million [2]. Expense Management - Operating expenses decreased slightly from $3.2 million in the first quarter of 2024 to $3.1 million in the first quarter of 2025, reflecting effective cost management [3]. - Loss and loss adjustment expenses as a percentage of earned premium improved from 59.8% in 2024 to 52.8% in 2025, indicating better underwriting performance [2]. Balance Sheet Highlights - As of March 31, 2025, total assets were $1.19 billion, an increase from $1.14 billion at the end of 2024 [6]. - Total liabilities increased to $1.14 billion from $1.10 billion, while total shareholders' equity rose to $51.0 million from $45.9 million, reflecting a stronger capital position [6].

HAMILTON, Bermuda, April 28, 2025 (GLOBE NEWSWIRE) -- American Overseas Group Limited (BSX: AORE.BH) (Pink Sheets: AOREF.PK) (“AOG” or the “Company”) today reported consolidated net income available to common shareholders of $9.4 million, or $200.09 per diluted share, for the year ended December 31, 2024. This compares to consolidated net income available to common shareholders of $5.3 million, or $113.56 per diluted share, for the year ended December 31, 2023. Book value per weighted share at December 31, ...