February 7, 2023 KKR & Co. Inc. Overview Presentation – 1Q'25 May 2025 Legal Disclosures This presentation has been prepared by KKR & Co. Inc. solely for informational purposes for its public stockholders in connection with evaluating the business, operations and financial results of KKR & Co. Inc. and its subsidiaries (collectively, "KKR"), which includes The Global Atlantic Financial Group LLC and its subsidiaries (collectively, "Global Atlantic" or "GA"), unless the context requires otherwise. This prese ...

Core Insights - Federal Life Insurance Company has acquired Texas Service Life Insurance Company, enhancing its position in the preneed insurance market and demonstrating a commitment to growth and innovative solutions for families [1][3] - The acquisition is seen as a strategic move to address an underserved market, with Federal Life aiming to redefine how families prepare for the future through exceptional service and innovative preplanning opportunities [3][4] - Federal Life holds an A- (Excellent) rating from AM Best and is backed by Bain Capital, indicating a strong financial foundation for future growth in the preneed insurance sector [2] Company Overview - Federal Life Insurance Company focuses on innovative insurance solutions that protect individuals and families throughout their lives, emphasizing financial strength and stability [5] - Texas Service Life Insurance Company has been operational since 1985, known for its reliability and strong financial foundation in the insurance industry [6] Leadership and Strategy - Knut Olson, CEO of Federal Life, emphasizes the importance of preneed insurance as a vital product for families and the company's readiness to drive industry change [3] - George Wise has been appointed as President of Texas Service Life, tasked with leading a national expansion strategy that prioritizes accessibility and financial security for families [3][4]

Carriage Services (CSV) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants None - ExecutiveSteven Metzger - PresidentCarlos Quezada - CEO & Vice ChairmanJohn Enwright - SVP, CFO & TreasurerAlexander Paris - President & SMD Conference Call Participants John Franzreb - Senior Equity AnalystGeorge Kelly - Managing Director, Senior Research Analyst None Hello, and welcome to the event center. An event specialist will join you shortly. If you're a speaker or presenter, please notify the event sp ...

Financial Data and Key Metrics Changes - For the first quarter, total revenue was reported at $107.1 million, an increase of $3.6 million or 3.5% compared to the same quarter last year [9] - GAAP net income for the first quarter was $20.9 million, an increase of $13.9 million or 200.1% [22] - Adjusted diluted EPS for the first quarter was $0.96 per share, an increase of $0.21 or 28% compared to the prior year quarter [13] - Adjusted consolidated EBITDA was $32.9 million, a decrease of $653,000 or 1.9% [12] Business Line Data and Key Metrics Changes - Total funeral operating revenue was $69.1 million, an increase of $3 million or 4.6% year-over-year, driven by a 1.8% increase in average revenue per contract and a 2.4% increase in admin volume [9] - Total cemetery revenue reached $27.9 million, an increase of $1.5 million or 5.8% [11] - Financial revenue was $7.4 million, an increase of $613,000 or 9.1%, primarily from preneed insurance funeral sales [12] Market Data and Key Metrics Changes - The company observed a shift in flu season, impacting volume expectations, with a positive variance of 7.7% compared to the first quarter of the previous year [10] - The preneed cemetery growth rate is expected to be between 10% to 20% for the year [11] Company Strategy and Development Direction - The company is maintaining its current guidance while monitoring economic conditions, with plans to potentially raise guidance if momentum continues [14][15] - The Trinity system is in Phase one of implementation, focusing on back office systems, with Phase two expected to begin in the third quarter [16] - The company is excited about the rollout of its express funeral funding partnership, aimed at improving family financial flexibility and unlocking new sales potential [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's momentum and the strength of its financial strategy, despite broader economic uncertainties [14][19] - The company is focused on operational excellence and innovation to create lasting value for shareholders [20] Other Important Information - Cash provided by operating activities for the quarter was $13.8 million, down from $19.7 million in the prior year [23] - The company ended the quarter with a maintained leverage ratio of 4.2 times, down from 5 times [24] Q&A Session Summary Question: How was March and April performance? - Management indicated that momentum has continued strongly from January through April, primarily due to volume increases [30][31] Question: What is the outlook for preneed and terming rates sold? - Management noted that while there was a decline in preneed property rights sold, they expect a return to normal growth rates starting in the second quarter [34][35] Question: What are the expected proceeds from property monetization in Q2? - Management estimated around $6 million in proceeds from property sales in Q2, which is factored into guidance [56] Question: How does the company plan to react in a recessionary environment? - Management expressed confidence in the resilience of the industry, noting that demand remains stable even during economic downturns [51][52] Question: What cost-saving measures are currently in place? - Management highlighted ongoing supply chain initiatives and fleet management as key areas for cost savings [47][48]