HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today reported that Ricardo Anzaldua, EVP and General Counsel has announced his intention to retire in the coming months. The Company has commenced a search to identify a successor. In the interim, Mr. Anzaldua will continue to serve as General Counsel to assist in a seamless transition. "On behalf of the. ...

Core Viewpoint - Chubb Limited (NYSE:CB) is recognized as a stable and undervalued dividend stock, particularly appealing in volatile market conditions due to its strong performance and consistent dividend history [1][2]. Company Overview - Chubb Limited, headquartered in Zurich, Switzerland, is the largest publicly traded insurer globally, providing property, casualty, health, and supplemental insurance. The company was formerly known as ACE Limited until its acquisition of Chubb in 2016 [2]. - The company has been expanding internationally, with overseas markets contributing 43% of its revenue in 2024 [3]. Financial Performance - Chubb Limited's consolidated net premiums have shown steady growth over the past six years, despite facing challenges such as the COVID-19 pandemic, inflation, and geopolitical tensions [4]. - The primary revenue source remains its core property and casualty (P&C) insurance policies [4]. Dividend History - Chubb Limited has a robust dividend history, having increased its payouts for 32 consecutive years. The current quarterly dividend stands at $0.97 per share, resulting in a dividend yield of 1.42% as of September 19 [5].

Company Overview - The Allstate Corporation has a market cap of $52.7 billion and is one of the largest publicly held personal lines insurers in the U.S. [1] - The company operates through five business segments, offering a variety of property, casualty, life, health, and protection products to individuals, households, and employers in the U.S. and Canada [1]. Stock Performance - Allstate's shares have declined 6.8% from its 52-week high of $214.76, while the stock has risen 1.6% over the past three months, underperforming the Nasdaq Composite's 11.7% increase [3]. - Year-to-date, ALL stock is up 3.6%, lagging behind the Nasdaq's 13.3% gain, and has gained nearly 8% over the past 52 weeks compared to the Nasdaq's 29.6% return [4]. Financial Results - Following Q2 2025 results, Allstate shares rose 5.7% as the insurer posted adjusted EPS of $5.94, exceeding analyst expectations [5]. - The strong performance was attributed to a turnaround in the property-liability segment, with underwriting income increasing to $1.28 billion from a loss a year earlier, and the underlying combined ratio improving to 79.5% [5]. - Higher net investment income of $754 million also contributed to investor confidence [5]. Competitive Landscape - Rival The Hartford Insurance Group has outperformed Allstate, with shares returning 19.6% year-to-date and 11.9% over the past 52 weeks [6]. - Despite underperformance relative to the Nasdaq, analysts maintain a moderately optimistic outlook on Allstate, with a consensus rating of "Moderate Buy" from 23 analysts and a mean price target of $231.79, representing a 15.8% premium to current levels [6].

Core Insights - Hamilton Insurance Group reported a significant earnings beat for Q2 2025, with Non-GAAP EPS at $1.55, exceeding the analyst consensus of $1.06, and GAAP revenue of $740.8 million, up 26% from $587.9 million in Q2 2024 [1][2] Financial Performance - Non-GAAP EPS increased by 25% year-over-year from $1.24 in Q2 2024 to $1.55 in Q2 2025 [2] - GAAP revenue rose to $740.8 million, reflecting a 26% increase from the previous year [2] - Operating return on average equity (Non-GAAP) improved to 26.1%, up 1.7 percentage points from 24.4% in Q2 2024 [2] - The combined ratio (GAAP) increased to 86.8%, compared to 84.4% in Q2 2024, indicating a shift in business mix and rising expense ratios [1][2][7] Business Segments - Gross premiums written (GAAP) reached $712.0 million, an 18% increase year-over-year, with the International Segment contributing $344.8 million (up 10.6%) and the Bermuda Segment growing to $367.2 million (up 25.9%) [6] - Net premiums earned (GAAP) rose by 22.1%, driven by new casualty and specialty reinsurance business, particularly in Bermuda [6] - The International Segment's combined ratio improved to 89.3% from 91.0% in Q2 2024, while Bermuda's combined ratio increased to 84.3% [7] Investment Performance - Net investment income was $148.7 million, with contributions from the Two Sigma Hamilton Fund ($87.1 million) and traditional investments ($61.6 million) [8] - Share buybacks amounted to $35.0 million during the quarter [8] Strategic Focus - The company aims to enhance its competitive edge in underwriting through disciplined risk selection and technology integration, while maintaining a diversified investment strategy [4] - Management emphasized the importance of balancing premium growth with prudent risk control amid evolving market trends [4] Future Outlook - Management did not provide explicit financial guidance for the next quarter or fiscal year but aims for double-digit top-line growth and continued share repurchases if capital conditions allow [9]

Financial Data and Key Metrics Changes - The company achieved a record diluted book value per common share of $70.34, an increase of 18.6% year over year [6][20] - Operating earnings per share reached an all-time high of $3.29, a 12% increase over the prior year quarter [6][20] - The annualized operating return on equity was 19% for the quarter [5][20] - The combined ratio was reported at 88.9%, indicating strong underwriting performance [6][21] Business Line Data and Key Metrics Changes - The Insurance segment produced record gross premiums written of $1,900,000,000, a 7% increase compared to the prior year quarter [23] - The Reinsurance segment experienced a decline in gross premiums by 6.8%, attributed to timing issues and underwriting discipline [28] - The combined ratio for the Reinsurance segment was 92%, with an ex-catastrophe accident year loss ratio of 67.9% [29] Market Data and Key Metrics Changes - In North America, premiums in the Insurance segment increased by 8% year over year, with submission flow up more than 22% [9] - Casualty rates increased by 12% in the quarter, while U.S. Primary casualty rates rose by 12.5% [11][12] - The property market showed flat to low single-digit growth, with an overall rate reduction of 11% [12] Company Strategy and Development Direction - The company is focused on maintaining premium adequacy across its portfolio while selectively pursuing growth in attractive business lines [10] - Investments in technology and AI are being made to modernize underwriting processes and improve efficiency [17][19] - The company aims to leverage its specialty capabilities to navigate a dynamic risk environment and achieve profitable growth [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's positioning in a competitive market, despite uncertainties from trade disruptions and geopolitical tensions [7][19] - The company anticipates continued profitable growth, particularly in the Insurance segment, with expectations for the second half of the year to exceed the first half's growth rate [26][96] - Management remains cautious regarding the reinsurance market, emphasizing a selective approach to growth and reserving practices [39][62] Other Important Information - The company recorded a release of $20,000,000 from short-tailed lines, contributing to its strong financial results [22] - The effective tax rate for the quarter was 20.1%, reflecting the geographic mix of profits [31] - The company returned substantial capital to shareholders, completing $50,000,000 in share repurchases and declaring $35,000,000 in dividends [32] Q&A Session Summary Question: Thoughts on insurance segment growth and ceded premiums - Management indicated that the reinsurance strategy remains agile and flexible, with high confidence in the insurance segment's performance [35][37] Question: Loss ratio and reserving process in reinsurance - Management expects the loss ratio to remain around 68% for the rest of the year, maintaining a cautious stance on reserving [39][43] Question: Pricing trends in insurance and reinsurance - Management noted that liability casualty pricing is ahead of loss costs, while property pricing has faced pressures [46][47] Question: Approach to MGAs and appetite for growth - The company has adopted a selective and disciplined strategy regarding MGAs, focusing on bottom-line results rather than volume [59][61] Question: Investment in AI and technology compared to competitors - Management believes the company's investments in AI and technology are well-positioned to enhance efficiency and productivity, with ongoing improvements in underwriting processes [109][113]

Core Insights - ACNB Corporation reported a net income of $11.6 million, or $1.11 diluted earnings per share, for Q2 2025, showing an increase from $11.3 million, or $1.32 diluted earnings per share, in Q2 2024, and a recovery from a net loss of $272 thousand in Q1 2025 [1][9][21] Financial Performance - Net interest income for Q2 2025 was $31.0 million, up $10.0 million from Q2 2024 and $3.9 million from Q1 2025, primarily driven by the acquisition of Traditions Bancorp [6][21] - The fully taxable equivalent (FTE) net interest margin increased to 4.21%, a rise of 39 basis points from Q2 2024 and 14 basis points from Q1 2025 [6][9] - Noninterest income reached $8.7 million, an increase of $2.3 million from Q2 2024 and $1.5 million from Q1 2025, with significant contributions from mortgage loans and insurance commissions [7][21] Asset Quality and Loans - Total loans outstanding were $2.34 billion at June 30, 2025, reflecting an increase of $19.6 million from Q1 2025 and $662.2 million from Q2 2024, with growth across various loan categories attributed to the acquisition [10][21] - The allowance for credit losses was $24.4 million, a decrease of $293 thousand from Q1 2025 and an increase of $7.2 million from Q2 2024 [10][21] - Non-performing loans were $10.1 million, or 0.43% of total loans, stable compared to Q1 2025 but increased from $3.1 million, or 0.19%, in Q2 2024 [11][21] Deposits and Equity - Total deposits were $2.52 billion at June 30, 2025, a decrease of $15.5 million from Q1 2025 but an increase of $686.0 million from Q2 2024 [12][21] - Stockholders' equity rose to $395.2 million, up from $386.9 million in Q1 2025 and $289.3 million in Q2 2024, driven by net income and stock repurchases [14][21] Capital Management - The Board of Directors declared a quarterly cash dividend of $0.34 per share, reflecting a 6.3% increase over the same period in 2024 [9][21] - ACNB repurchased 71,592 shares during Q2 2025 and announced a plan to repurchase up to 314,000 shares, approximately 3.0% of outstanding shares [16][21]

Core Viewpoint - ACNB Corporation has announced a new stock repurchase plan to buy back up to 314,000 shares, approximately 3.0% of its outstanding common stock, which will be funded by available capital [1] Company Overview - ACNB Corporation is an independent financial holding company with total assets of $3.27 billion, headquartered in Gettysburg, PA [2] - The company operates through its wholly-owned subsidiaries, including ACNB Bank and ACNB Insurance Services, Inc., providing banking and wealth management services across multiple locations [2] - ACNB Bank has a network of 33 community banking offices and one loan office in Pennsylvania and Maryland, while ACNB Insurance Services operates as a full-service insurance agency licensed in 46 states [2]