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Enact Holdings, Inc.

ACT

Financial Services

2mo

Increase in Capital Returns for 2025 to $400 Million

Enact announced a significant increase in its expected capital returns for 2025 to approximately $400 million, up from previous guidance.
The decision reflects strong credit performance, robust new insurance written, and a strong balance sheet.
Final capital return amount and form will depend on business performance, market conditions, and regulatory approvals.

EPR

Financial Services

2mo

Significant Improvement in Cost of Capital and Its Impact on Investment Strategy

Company highlights a substantial improvement in cost of capital, supported by strong equity valuation appreciation.
This improvement enables a shift from a measured to a more aggressive growth posture, with increased pipeline and larger deal potential.
Over $100 million committed to experiential development and redevelopment projects, with plans to accelerate future investment spending.

Genworth Financial, Inc.

GNW

Financial Services

2mo

Adjusted Operating Income Beat

$68 million

Second quarter adjusted operating income was $68 million, driven by Enact.

AIZ

Financial Services

2mo

Global Housing 25% EBITDA Growth Excluding Cats Driven by Market Demand and Technology Investments

Global Housing adjusted EBITDA increased 25% in first 6 months, excluding reportable catastrophes.
Growth driven by increased demand for lender-placed insurance amid a hardening market.
Significant expense leverage of over 700 basis points over 2 years.
Addition of approximately 300,000 loans from new mortgage servicing partner in Q3.
Ongoing technology investments enhance efficiency, including digitization of millions of documents.
Growth in renters segment supported by tech-enabled services and platform expansion.
Achieved a year-to-date combined ratio of 87% excluding cats, on track for mid-80s full-year ratio.

Cannae Holdings, Inc.

CNNE

Financial Services

2mo

Strategic Portfolio Rebalancing and Capital Return Plan

Cannae has sold approximately $1.1 billion of public company stakes since February 2024, significantly reducing its public holdings from 63% to 22% of assets.
The company expects to receive around $630 million from the sale of Dun & Bradstreet, which will be used for share repurchases, debt repayment, and dividends.
Cannae has repurchased 7.6 million shares, or about 12% of outstanding shares, at an average price of $19.71, aiming to close the NAV discount.
The company increased its quarterly dividend by 25% to $0.15 per share, reflecting a commitment to returning capital to shareholders.
Since February 2024, Cannae has returned approximately $414 million through buybacks and dividends, demonstrating a strategic focus on capital deployment.

Encore Capital Group, Inc.

ECPG

Financial Services

2mo

Financial Performance Summary

Earnings per share rose sharply by 86% to $2.49 compared to Q2 2024, driven by record collections and operational efficiency.
Encore Capital Group reported strong Q2 2025 financial results with portfolio purchases up 32% to $367 million and collections increasing 20% to a record $655 million.
Leverage improved slightly to 2.6x from 2.7x a year ago and remained flat compared to Q1 2025 despite increased portfolio purchases.
Net income increased 82% to $59 million, with operating expenses growing 15% to $291 million, reflecting onboarding of new portfolios.
Portfolio revenue increased 12% to $361 million, supported by a 14% growth in average receivable portfolios and improved portfolio yield of 35.5%.

Arch Capital Group Ltd.

ACGL

Financial Services

2mo

Financial Performance Summary

Arch Capital reported after-tax operating income of $979 million for Q2 2025, with operating earnings per share of $2.58 and an annualized operating return on average common equity of 18.2%.
Book value per share grew by 7.3% in the quarter and 11.4% year-to-date, reflecting strong execution and long-term value creation.
Mortgage segment delivered $238 million of underwriting income despite low mortgage originations, supported by a strong global in-force portfolio and high persistency.
Net investment income rose 7% from the first quarter to $405 million, with overall yields remaining elevated.
Net premium written surpassed $2 billion in the Property and Casualty Insurance group, up 30.7% year-over-year, driven largely by the acquisition of U.S. middle market and entertainment businesses.
Reinsurance segment generated $451 million in underwriting income with over $2 billion in net premium written, showing 8.7% growth in gross written premium year-over-year.
The combined ex-cat accident year combined ratio was 80.9%, down 10 basis points from last quarter, including $139 million of favorable prior year development.

Arch Capital Group Ltd.

ACGL

Financial Services

2mo

Impact of MidCorp Acquisition on Underwriting Performance and Margins

The integration of the MidCorp and entertainment units is on track, with nearly complete book rollover.
MidCorp's acquisition increased the current accident year ex-catastrophe combined ratio by 40 basis points, but also lowered operating expenses by 40 basis points.
The acquisition is expected to improve margins over time, with ongoing work to enhance underwriting performance and strategic value.

C

Financial Services

1w

Capital Return Strategy and Share Repurchase Program Update

Citigroup returned over $6 billion in capital to shareholders in Q3, exceeding guidance by $1 billion.
Year-to-date, the bank has repurchased $8.75 billion of shares under a $20 billion plan.
The CET1 capital ratio ended at 13.2%, well above the regulatory requirement, with a target of around 12.8% going forward.
Management emphasizes balancing capital deployment between buybacks and growth investments.
The bank is committed to maintaining a strong capital position while pursuing accretive growth opportunities.