Q4 2025 Earnings Presentation February 25, 2026 Basis of Presentation Fidelis Insurance Group: At a Glance A strategic capital allocator and expert risk selector in specialty insurance and reinsurance, committed to long-term partnerships Highlights $12.4 bn Total Assets(1) $2.4 bn Shareholders' Equity(1) $4.5 bn Cash & Invested Assets(1) $4.7 bn Gross Premiums Written(1) Issuer Financial Strength Rating A AM Best Stable Outlook A- S&P Stable Outlook A3 Moody's Stable Outlook Cautionary Note Regarding Forwar ...

Group 1 - Essent Group Ltd. announced the appointment of Martin Connor to its Board of Directors, highlighting his expertise in real estate and finance as valuable for the company's growth and shareholder value [1] - Martin Connor has extensive experience in the real estate sector, having served as Chief Financial Officer of Toll Brothers from 2010 to 2025 and currently as a senior advisor [1] - Connor's previous roles include leadership positions at Marcon Advisors LLC and O'Neill Properties, as well as over 20 years at Ernst & Young LLP, where he was a partner responsible for the real estate practice [1] Group 2 - Essent Group Ltd. is a Bermuda-based holding company that provides private mortgage insurance, reinsurance, and title insurance services to the housing finance industry [2] - The company operates through its subsidiaries and aims to serve the needs of the housing finance sector [2]

Trisura Group (OTCPK:TRRS.F) Fireside chat February 19, 2026 10:00 AM ET Company ParticipantsDavid Clare - CEOConference Call ParticipantsDoug Young - Managing Director and Senior Equity AnalystOperatorGood morning, everyone, and we apologize for the delay this morning. Thank you for joining us on today's call with David Clare, CEO of Trisura Group, and Doug Young, Bank and Insurance analyst at Desjardins. A quick reminder before we begin, as attendees, you are in listen-only mode. You will be able to submi ...

SiriusPoint (NYSE:SPNT) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Speaker5Good morning, and welcome to the SiriusPoint fourth quarter 2025 earnings conference call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference line will be open for questions with instructions to follow. As a reminder, this conference call is being recorded. I would now like to turn the call over to Mr. Liam Blackledge, Investor Relations and Strategy Manager. Pl ...

Core Viewpoint - Chubb Limited is a leading global insurance and reinsurance company with a market capitalization of approximately $130.9 billion, recognized as one of the largest property and casualty insurers worldwide [1]. Performance Summary - Over the past 52 weeks, Chubb's shares have increased by 25.5%, outperforming the S&P 500 Index, which rose by 12.9% [2]. - Year-to-date, Chubb's shares are up 7.7%, while the S&P 500 Index has experienced a slight decline [2]. - Chubb has also outperformed the State Street Financial Select Sector SPDR ETF, which has seen a 5.6% slump year-to-date [3]. Earnings Results - For Q4 2025, Chubb reported a record net income of $3.2 billion, or $8.10 per share, reflecting a year-over-year increase of about 28% [6]. - The core operating income per share for Q4 2025 was $7.52, up 24.9%, exceeding consensus expectations [6]. - The full-year 2025 net income reached a record $10.3 billion, marking an 11.2% year-over-year increase [6]. Analyst Expectations - For the fiscal year ending December 2026, analysts project Chubb's EPS to grow by 5.6% year-over-year to $26.18 [7]. - Chubb has a strong earnings surprise history, having beaten consensus estimates in the last four quarters [7]. - Among 26 analysts covering the stock, the consensus rating is a "Moderate Buy," with 10 "Strong Buy" ratings, one "Moderate Buy," 13 "Holds," one "Moderate Sell," and one "Strong Sell" [7]. Price Target Adjustments - Keefe, Bruyette & Woods recently raised its price target on Chubb Limited to $373 from $355 while maintaining an "Outperform" rating following strong Q4 2025 results [8]. - The mean price target of $338 indicates a 1.7% premium to Chubb's current price levels, while the highest price target of $385 suggests a potential upside of 15.8% [8].

分组1 - Essent Group reported quarterly earnings of $1.6 per share, missing the Zacks Consensus Estimate of $1.74 per share, representing an earnings surprise of -8.22% [1] - The company posted revenues of $312.4 million for the quarter, surpassing the Zacks Consensus Estimate by 0.45%, but down from $315.03 million year-over-year [2] - Over the last four quarters, Essent Group has surpassed consensus revenue estimates four times [2] 分组2 - The current consensus EPS estimate for the coming quarter is $1.77 on revenues of $311.64 million, and for the current fiscal year, it is $7.37 on revenues of $1.26 billion [7] - The Zacks Industry Rank for Insurance - Property and Casualty is currently in the bottom 41% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8] - The estimate revisions trend for Essent Group was unfavorable ahead of the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6]

Core Insights - Essent Group Ltd. reported a net income of $155.0 million or $1.60 per diluted share for Q4 2025, a slight decrease from $167.9 million or $1.58 per diluted share in Q4 2024. For the full year 2025, net income was $690.0 million or $6.90 per diluted share, compared to $729.4 million or $6.85 per diluted share in 2024 [1][10]. Financial Performance - The total revenues for Q4 2025 were $312.4 million, down from $315.0 million in Q4 2024. For the full year 2025, total revenues increased to $1.26 billion from $1.24 billion in 2024 [10][26]. - The net premiums earned for Q4 2025 were $242.7 million, compared to $244.5 million in Q4 2024. For the full year, net premiums earned were $983.7 million, slightly down from $990.9 million in 2024 [10][26]. - The company reported a provision for losses and LAE of $56.1 million for Q4 2025, compared to $41.0 million in Q4 2024. For the full year, this figure rose to $149.3 million from $81.2 million in 2024 [10][26]. Shareholder Returns - The Board of Directors declared a quarterly cash dividend of $0.35 per common share, payable on March 23, 2026, to shareholders of record on March 13, 2026 [2]. - In 2025, the company returned nearly $700 million to shareholders through dividends and share repurchases, retiring nearly 10% of its outstanding shares [3][10]. Business Segments - Mortgage insurance new insurance written for Q4 2025 was $11.8 billion, down from $12.2 billion in Q3 2025 and Q4 2024 [9]. - As of December 31, 2025, mortgage insurance in force was $248.4 billion, slightly down from $248.8 billion as of September 30, 2025, and up from $243.6 billion as of December 31, 2024 [9]. Capital Management - The company emphasized its commitment to a balanced capital management strategy, maintaining a strong capital position and cash flow [3].

Core Viewpoint - Arch Capital Group Ltd. is a global insurer with a market capitalization of $35.48 billion, specializing in insurance, reinsurance, and mortgage insurance, focusing on strong capital and client service [1]. Financial Performance - Arch Capital's stock has gained 10.1% over the past 52 weeks and is up 2.8% year-to-date (YTD), but it has underperformed compared to the S&P 500 Index, which gained 14.4% over the same period [2][3]. - The stock reached a 52-week high of $103.39 on February 6 but has since declined by 4.6% from that level [2]. - In the fourth quarter, the company reported a 32.3% year-over-year increase in underwriting income to $827 million, and after-tax operating income available to common shareholders grew 31.9% to $2.98 per diluted share [4]. Future Earnings Expectations - Analysts expect Arch Capital's EPS to grow 62.3% year-over-year to $2.50 for the current quarter, but a decrease of 4% annually to $9.45 is anticipated for fiscal 2026, followed by an 8.2% improvement to $10.22 in fiscal 2027 [5]. Analyst Ratings - Among 23 Wall Street analysts covering Arch Capital, the consensus rating is "Moderate Buy," with 10 "Strong Buy" ratings, one "Moderate Buy," 10 "Holds," and two "Strong Sells" [6]. - Post Q4 results, Wells Fargo analyst Elyse Greenspan reaffirmed an "Overweight" rating and increased the price target from $106 to $109, while RBC Capital raised its price target from $108 to $115, maintaining an "Outperform" rating [8].

Financial Data and Key Metrics Changes - Net income for full year 2025 was $2.4 billion, a 4% increase from 2024 [4] - Fourth quarter net income reached $676 million, up 67%, including $145 million after-tax from the increase in fair value of equity securities [5] - Non-GAAP operating income for the fourth quarter increased 7% to $531 million, and for the full year, it was up 5% from the previous year [5] Business Line Data and Key Metrics Changes - The property casualty combined ratio for Q4 2025 was 85.2%, lowering the full-year combined ratio to 94.9%, which is 1.5 percentage points higher than last year [5] - Commercial lines had a combined ratio of 91.1% for the year, improving by 2.1 percentage points, with net written premiums growing 7% [8] - Personal lines had a combined ratio of 103.6%, increasing by 6.1 percentage points, with net written premiums growing 14% [8] Market Data and Key Metrics Changes - Consolidated property casualty net written premiums grew 5% for the quarter, reflecting pricing discipline in the insurance marketplace [6] - Estimated average renewal price increases for most lines of business during Q4 were lower than in Q3 2025, but still considered healthy [6] - The personal line segment saw homeowner premiums in the low double-digit range and personal auto in the high single-digit range [7] Company Strategy and Development Direction - The company is focusing on intelligent automation and generative AI to improve processes and enhance the experience for independent agents [19][20] - The strategy includes maintaining pricing discipline and risk selection, even in a competitive market [60] - The company aims to continue expanding its product offerings and agency relationships while ensuring financial strength [40][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining pricing that exceeds loss costs across most lines, despite a competitive environment [26] - The company is well into the process of de-risking its personal lines, particularly in California, and is exceeding its internal expectations [43] - Management noted that while the market is becoming more competitive, they are committed to maintaining underwriting discipline [60] Other Important Information - The company returned $730 million to shareholders in 2025, including $525 million in dividends and $205 million in share repurchases [17] - The company’s book value reached a record high of $102.35 per share, with $15.9 billion of GAAP consolidated shareholders' equity [18] Q&A Session Summary Question: Concerns about commercial casualty line pricing and competition - Management acknowledged increased competition in commercial pricing but expressed confidence in their pricing strategy and risk selection [25][26] Question: Technology investments and pricing accuracy - Management confirmed that pricing sophistication is applied to both personal and commercial lines, with significant improvements noted [30] Question: Competitive environment in commercial lines - Management indicated that competition remains strong, particularly in larger accounts, but they are maintaining discipline in risk selection and pricing [36][40] Question: Update on commercial auto renewal pricing - Commercial auto rates for Q4 were up mid-single digits, with confidence that pricing exceeds loss costs [66] Question: Investment portfolio and net investment income growth - Management expects solid growth in net investment income, anticipating stable long-term rates [68]

MetLife 2026 Conference Summary Company Overview - **Company**: MetLife (NYSE: MET) - **Date**: February 10, 2026 - **Speakers**: Michel Khalaf (President and CEO), John McCallion (Head of Investment Management) Key Points Strategic Initiatives - **New Frontier Strategy**: Launched over a year ago, focusing on strong growth, attractive returns, and lower risk. Aimed to deliver a superior value proposition by 2025 [5][6] - **Financial Performance**: In 2025, MetLife achieved $10 billion in free cash flow and reduced direct expenses by 40 basis points, reflecting an efficiency mindset [5][6] - **Growth in Key Segments**: Significant progress in group benefits, asset management, and international markets, with a focus on retirement origination and reinsurance capabilities [6][7] Financial Metrics - **Assets Under Management (AUM)**: Increased from approximately $600 billion to over $740 billion, indicating strong growth across various segments [7] - **Earnings Per Share (EPS)**: MetLife established a target for double-digit EPS growth, with a 60-40 split between earnings growth and capital management [9] - **Return on Equity (ROE)**: Current target set at 15%-17%, with expectations for continued growth driven by high-return businesses and the runoff of legacy businesses [10][11] Expense Management - **Expense Ratio Goals**: Committed to reducing the expense ratio by 100 basis points over five years, with a current ratio of 11.7% expected to reach 11.3% [13][14] - **Use of AI**: Leveraging AI to enhance process efficiency and reduce expenses, contributing to overall cost management [13][24] Market Dynamics - **Disability and Life Insurance Trends**: Adjusted loss ratios in life insurance and slight increases in average severity in disability insurance, with expectations for favorable trends to persist [19][20] - **Impact of AI on Employment**: AI is expected to enhance productivity rather than reduce workforce size, creating new opportunities for growth [22][23] International Growth - **Japan and Korea Markets**: Strong growth driven by diversified distribution and product capabilities, with a focus on market-linked instruments as cash savings transition [36][37] - **Sales Performance**: 2/3 of sales in 2025 came from US dollar products, capitalizing on favorable currency conditions [37] Investment Management - **PineBridge Acquisition**: Closed on December 30, 2025, expected to enhance growth in EBITDA and earnings through revenue synergies [31][32] - **Investment Strategy**: Focus on higher-yielding fixed income assets in response to the current economic environment, maintaining a 9% annualized return target for 2026 [43] Regional Performance - **LATAM Growth**: Confident in continued momentum in Latin America, targeting near-term earnings of $1 billion [42] Conclusion - MetLife is positioned for strong growth through strategic initiatives, effective expense management, and leveraging market opportunities across various segments and regions. The focus on diversification and innovation, particularly through AI and acquisitions, is expected to drive future performance.